CAPE VERDE - PRIVATIZATION TA PROJECT

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The development objective of the Privatization and Regulatory Capacity Building Project is to support the Government of Cape Verde (GOCV) efforts to alleviate poverty through the achievement of a higher, private sector-based economic growth. The Project will support GOCV policy of: (a) reducing the size of the State and changing its role from that of an implementor to one that provides an enabling environment necessary for private sector development; and (b) increasing private participation in key economic sectors including utilities, trade and transport, through the development of effective policy and regulatory frameworks. The project components include: (a) an accelerated privatization program, including support to this program, support to the public enterprise staff retrenchment plan, and public communication campaigns; (b) a consolidated regulatory framework, including the establishment of regulatory arrangements and institutions, support to civil aviation regulation, support to postal and telecommunication regulation, support to maritime transport regulation, support to urban transport regulation, and support to pharmaceuticals regulation and Consumer Product Standard and Quality Control Agency; and (c) project coordination.