CV-SME Capacity Building and Economic Governance

closed

The objective of the Small and Medium Enterprises (SME) Capacity Building and Economic Governance Project for Cape Verde is to assist the Government in its efforts to reduce the cost of doing business, diversify the target regions receiving foreign investments and enhance opportunities of small and medium enterprises to access public procurement. There are three components to the project, the first component being enhancing SME business opportunities. This component supports policy and institutional reforms that will improve the investment climate and provide increased access to services to SMEs. The reforms are aimed at opening up opportunities for new SMEs to emerge and for existing SMEs to grow. The second component is the improving government capacity. This component is designed to improve the capacity of key institutions to analyze, formulate, adopt and implement policies that enhance private sector investments, private sector participation in the public procurement process and the overall business environment. Finally, the third component is the supporting project implementation. Activities under this component support project implementation, including, administration, procurement; financial management; and monitoring and evaluation through the acquisition of consultants' services (including for audits) and training. The component will also support participating institutions in the technical aspects of the design and supervision of activities to be funded under the project, and in reaching out in particular to underserved groups (e.g. women entrepreneurs and SMEs in more remote parts of the country) to draw attention to the opportunities for SMEs under the project.