Cape Verde to Establish National Order of Economists
In a significant step toward formalizing professional standards in Cape Verde, two specialized parliamentary committees have approved a bill to establish the Order of Economists and Managers of Cape Verde (OEGCV). The new regulatory body is designed to oversee professional ethics, mandate continuous training, and grant these professionals a more structured voice in national policy.
According to a statement from the National Assembly, the proposal seeks to “strengthen the strategic role of economists and managers” in driving the country’s development and fortifying its key institutions. Members of the first and third specialized committees approved the bill’s details, paving the way for its final legislative hurdle.
Improving Governance and Public Policy
Once established, the OEGCV will empower economists and managers to take a central role in drafting public policies and legislation. Proponents believe this organized professional oversight will lead to more robust economic planning and higher standards of practice across both public and private sectors.
Deputy Prime Minister Olavo Correia praised the move, characterizing it as a vital part of the government’s broader strategy to modernize Cape Verdean institutions. He noted that the quality of a country’s governance is inextricably linked to the strength of its professional organizations.
“The stronger and more qualified the institutions are, the better the governance and management of economic development will be,” Correia said. He emphasized that while the new order offers professional recognition, it also demands increased responsibility from those in the field.
Final Vote Approaching
The Deputy Prime Minister further noted that the OEGCV will function as a specialized institution capable of elevating the quality of economic governance nationwide.
Following this committee-level approval, the bill will move to the plenary for a final global vote. The National Assembly is scheduled to deliberate on the matter during its upcoming ordinary session, set for April 8 to 10.
Image: Pexels – Thuong D
