Resilient Tourism and Blue Economy Development in Cabo Verde Project

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The development objective of the Resilient Tourism and Blue Economy Development in Cabo Verde Project for Cabo Verde is to increase diversity and resiliency in the tourism offering and small and medium enterprise (SME) participation in tourism-related value chains in targeted destinations. The project comprises of four components. The first component, development of integrated and resilient tourism and blue economy infrastructure consists of subprojects designed to improve the quality of tourism-relevant infrastructure in selected sites. The second component, enhancement of inclusive and sustainable management of tourism in a blue economy will support local SMEs to increase participation in the tourism and blue economy value chains while also supporting a better enabling environment and policies to stimulate additional private sector investment in these segments. The third component, project Implementation support will provide support to the unit for the Management of Special Projects (Unidade de Gestão de Projetos Especiais, UGPE) for the management and implementation of the project. The fourth component, contingent emergency response component (CERC) will be included in the project in accordance with investment project financing (IPF) policy, paragraphs 12 and 13, for situations of urgent need of assistance and capacity constraints.