PEDIPPrograma Específico de Desenvolvimento da Indústria Portuguesa
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PEDIP was designed to coordinate financial aid, from EC and domestic sources, to industry and covered four main areas: basic and technological infrastructures, occupational training in industry, aid to productive investment and promotion of product quality (distribution, management).
However, the increased demand due to the substantial EC transfers of PEDIP and the CSF amounting to around 5 per cent in early 1990s may have fueled inflation, thus slowing down nominal convergence while helping achieve real convergence (Gaspar and Pereira, 1992).