Growth and Competitiveness Project

closed

The Growth and Competitiveness Project objective is to broaden the base for private participation in Cape Verde's economic growth, enhance private sector competitiveness, and further develop its financial sector. To this end, through the project components the financial sector will be strengthened, and restructured, namely through the financial sector reform, which includes reform of the pension system. Private sector competitiveness will be enhanced by supporting reforms within the legal system, as well as tax reforms, and alleviating the administrative barriers. The focus will be on capacity building of selected Government ministries, and agencies that interact with private firms, namely to improve institutional capabilities, and business delivery. Project management support will oversee the financial management, procurement, reporting, monitoring, and other project implementation issues.