Cape Verde Gets Increased Support

The US$11.5 million International Development Association Credit supports Government’s efforts to broaden the base of private participation in Cape Verde’s economic growth; enhance private sector competitiveness; as well as further develop its financial sector.

This additional financing credit will support priority activities that have advanced beyond what was initially envisioned and are pivotal to the Government’s economic reform agenda. Support for the additional and scaled-up activities will enhance the project’s impact and development effectiveness.

These activities include:

* preparing TACV (Cape Verde Airlines) and ENAPOR (National Company for Port Administration) for private sector participation;
* scaling up a matching grant facility, which has supported small and medium-sized enterprises to increase their productivity and ability to compete;
* supporting the over-reaching E-Government initiative, which is working to reduce administrative barriers and revolutionize how Government provides services to the population; and
* supporting the program to digitalize legislation published in the Official Gazette prior to August 2006.