Cabo Verde government provides financial guarantee to real estate company Imobiliária, Fundiária e Habitat

Imagen de Oscar Chirino

 

Cape Verdean real estate company Imobiliária, Fundiária e Habitat (IFH) plans to issue bonds to a total of 1 billion Cape Verdean escudos (9 million euros), which will be guaranteed by the Cabo Verde (Cape Verde) state, according to the archipelago’s official bulletin.
According to the resolution published in the official newspaper, the government has launched the “houses for All” programme and has started implementing it by signing up for a credit line from Portugal, worth 220 million euros. In 2011 the IFH took responsibility for the programme, “which led to significant pressure in terms of organisation, logistics and materials, with an increase in its financial responsibilities, particularly fixed costs.”
 
 

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