Competitiveness for Tourism Development

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The project development objective of the Competitiveness for Tourism Development Project for Cabo Verde is to create the conditions necessary to increase investment into and diversification of the tourism sector. The project comprises of three components. 1) The first component, enhancing governance framework of the tourism sector, aims to support the start-up of operations of Cabo Verde Investments-Agency of Tourism and Investments (CI-ATIC) to effectively carry out the country’s tourism diversification agenda and to help the Government of Cabo Verde (GoCV) to better attract, facilitate, retain, and grow investment. 2) The second component, diversify tourism sector and increase inclusiveness of tourism-led growth by strengthening the competitiveness of local MSMEs aims, to increase the competitiveness of Micro, Small, and Medium Enterprises (MSME) to benefit from tourism growth. 3) The third component, project implementation, will provide support to Unit for Implementation of Special Projects (UGPE) in managing and coordinating the project and building its procurement, financial management, safeguards management, and monitoring and evaluation capacity, through the provision of technical advisory services, training, operating costs, goods, and audits.