Cabo Verde - Private Sector Competitiveness and Local Economic Development Programme (PSC-LED) PHASE I

The first phase of the Private Sector Competitiveness and Local Economic Development Programme (PSC-LED) is designed in a context where the Government of Cabo Verde (GoCV) is entering the implementation phase of its new Economic Plan for Sustainable Development 2018-2021 (PEDS). Indeed, the country faces two major problems: ensuring consolidation and moving to the paradigm of growth in favor of the private sector, and ensuring that growth is inclusive for the entire national territory and the different layers of the society. To address these issues, PSC-LED aims to (i) consolidate the gains from previous operations, and support Cabo Verde's efforts to tackle the above challenges through reforms to improve overall competitiveness, while also (ii) seeking to set the basis for local economic development. In addition, the PSC-LED is not only concerned with the pace of growth (i.e. growth levels), but its pattern (i.e. sources of growth and spatial distribution). It focus on the domestic private sector, its competitiveness and local economic development across islands. PSC-LED-I is based on two components, namely: (1) promotion of competitiveness and private sector development; and (2) promotion of local economic development and local governance.