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Cabo Verde - Systematic Country Diagnostic : Adjusting the Development Model to Revive Growth and Strengthen Social Inclusion (English)

Cabo Verde’s economic achievements over the last thirty years have been spectacular and are unprecedented on the African continent. These achievements are remarkable given the unique challenges the country faces due to its small size, lack of scale for production of goods and delivery of economic and social services, remoteness, geographical dispersion, environmental fragility, and high exposure to shocks. This Systematic Country Diagnostic (SCD) presents an assessment of the main opportunities and constraints for achieving the World Bank’s twin goals in Cabo Verde. It assesses the pathways for reducing extreme poverty and raising the welfare of the poorest forty percent of the population in a sustainable manner, and identifies the main constraints for operationalizing these. The SCD is based on a review of existing documents, analysis of available data, and in-country discussions and expert interviews that took place during 2016 and 2017. The SCD focuses on the country’s development potential and challenges to meeting the objectives of poverty reduction and shared posterity. It lays the ground for the program of collaboration between Cabo Verde and the World Bank Group, namely the 2018–2021 country partnership framework.

Details

  • Document Date

    2018/01/01

  • Document Type

    Systematic Country Diagnostic

  • Report Number

    130289

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Cabo Verde,

    Western Africa,

  • Region

    Africa West,

  • Disclosure Date

    2019/03/15

  • Disclosure Status

    Disclosed

  • Doc Name

    Adjusting the Development Model to Revive Growth and Strengthen Social Inclusion

  • Keywords

    public-private partnership; World Travel and Tourism Council; public private partnership; high level of development assistance; small and medium enterprise; present value of debt; efficiency of government spending; targeted poverty reduction programs; Micro and Small Enterprises; public investment in infrastructure; small island developing states; objective of poverty reduction; life expectancy at birth; annual population growth rate; binding constraint; global financial crisis; extreme poverty; economies of scale; fast economic growth; quality of investment; high public debt; gross domestic product; Rule of Law; sovereign debt crisis; foreign direct investment; tourism sector; climate change risk; improved water source; attractive tourist destination; net secondary enrollment; lack of skill; rural infrastructure investment; deceleration in growth; total public debt; exchange rate movement; Solid Waste Management; improvement in productivity; extreme weather event; education and health; total factor productivity; adequate water supply; risk of debt; purchasing power parity; Public Financial Management; flow of remittance; high unemployment rate; domestic private sector; number of visitors; quality of education; quality of infrastructure; political economy study; national poverty line; Tourism Supply Chain; information and communication; incidence of poverty; effect of drought; decline in poverty; public wage bill; working age population; high youth unemployment; gross national income; market for good; sea level rise; construction of dam; public sector performance; drinking water cost; extremely poor people; access to water; increase in remittance; real gdp; high energy; niche products; Labor Market; tourism industry; Macroeconomic Stability; demographic dividend; living condition; tourist arrival; Public Spending; Job Creation; program leader; drop-out rate; tourism receipts; foreign investor; environmental regulation; student retention; tourist market; education efficiency; political stability; air transport; food poverty; Land Ownership; volcanic eruption; employment share; social inclusion; basic food; commercial interests; educated workforce; good governance; export structure; small population; civil society; nonmonetary poverty; strategic location; ict infrastructure; Demographic Transition; domestic economy; regulatory regime; Poverty Analysis

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Citation

Cabo Verde - Systematic Country Diagnostic : Adjusting the Development Model to Revive Growth and Strengthen Social Inclusion (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/875821538129394201/Adjusting-the-Development-Model-to-Revive-Growth-and-Strengthen-Social-Inclusion