Cabo Verde - Economic Growth Support Programme – Phase II (PACE II)

The Phase II Economic Growth Support Program (PACE-II) is a EUR 20 million General Budget Support (GBS) operation of the ADB Group for the State of Cape Verde for the 2017 period -2018. PACE-II, the second phase of a series of two programmatic budget support operations, intends to consolidate the achievements of previous operations and to assist the authorities in the implementation of important structural reforms which, added to the previous ones will help create the conditions for sustained and inclusive growth. PACE - II is part of the continuation of PACE - I, structured around the same components, namely: (i) improving the efficiency of public investments in order to create the conditions for economic growth sustained benefits for the greater part of the Cabo-Verdean population and (ii) support for the promotion of private sector development to stimulate domestic production of goods and services.