!it:,,                    OFFICIAL
vo  Id asFinano InroasFinanCIa
DOCUMENTS
No Ref.: A5/GMF/2017
RECOMMENDATION OF THE STATUTORY COMMITTEE
TO:    The President, International Development Association
Recommendation of the nominee selected by the Republic of Cabo Verde as a
member of the Committee under Section 1(d) of Article V of the Articles of
Agreement on the proposed Additional Credit for the Transport Sector Reform
Project to the Republic of Cabo Verde
The undersigned member of the Committee constituted under Section 1(d) of Article V
of the Articles of Agreement of the International Development Association (the Association)
hereby submits this recommendation pursuant to said Section in respect of the proposal that
the Association grant to the Republic of Cabo Verde an additional credit in an amount
equivalent to nineteen million seven hundred thousand Special Drawing Rights (SDR
19,700,000). The purpose of said additional credit is to provide additional funds to supplement
the financial assistance furnished by the Association under the Financing Agreement for the
Transport Sector Reform Project, dated July 19, 2013, between the Republic of Cabo Verde
and the Association.
1.   The member of the Committee has carefully studied the merits of the proposal to grant
such an additional credit, and of the purpose to which the proceeds of the additional credit are
to be applied.
2.   The member of the Committee is of the opinion that the project in support of which the
proceeds of such additional credit are to be applied continues to come within the purposes of
the Association as set forth in Article I of said Articles of Agreement, and that said project is
designed to promote the economic development of the Republic of Cabo Verde and is of high
developmental priority in the light of the needs of the Republic of Cabo Verde.
3.   Accordingly, the member of the Committ  at said project continues to merit
financial assistance from the Association,  "at  re  mends said project for such
additional assistance.
Olavo Av   G         ia
Minis-  f z
May 11th, 2017 at Praia, Cabo Verde
wwwgovern cy r gove nodecaboverde V CaboVerde_Gov