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Cape Verde - Joint IDA-IMF staff advisory note on the third growth and poverty reduction strategy (2012 - 2016) (Inglês)

This joint staff advisory note (JSAN) reviews Cabo Verde's third growth and poverty reduction strategy paper (GPRSP-III) covering the period 2012-2016. The GPRSP-III aims at operationalizing through structural reforms and programs the government's objective of "building a dynamic, competitive and innovative economy, and promoting shared prosperity". The GPRSP-III describes in detail the participatory process through which the objectives were formulated. While preserving consistency with the government's long term development vision, the GPRSP-III entails several important policy shifts. The GPRSP-III places significantly greater emphasis on the structural reforms needed to improve the country's competitiveness. Recognizing the difficult external environment facing Cabo Verde and the government's constrained fiscal position and reduced access to concessional financing, the GPRSP-III sets out an ambitious structural reform agenda to improve the efficiency of public sector investment and state-owned enterprises' (SOEs) service delivery, enhance the investment climate, and reform the labor market (with a view to raising productivity and fostering private sector development). The GPRSP-III also focuses on promoting shared prosperity through developing and modernizing agriculture and fisheries, and strengthening linkages between tourism and the rest of the economy. The GPRSP-III has a matrix structure based on five axes of government interventions and seven clusters with strong potential to accelerate growth and shared prosperity.


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    Documento de Estratégia para a Redução da Pobreza (PRSP)

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    Cabo Verde,

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    Cape Verde - Joint IDA-IMF staff advisory note on the third growth and poverty reduction strategy (2012 - 2016)

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    Ministry for Rural Development;decentralization of health care service;efficiency of the public sector;information and communication technology;Drivers of Economic Growth;Primary and Secondary Education;access to higher education;secondary education gross enrollment;strategic allocation of resources;quality of health services;medium term expenditure framework;Growth and Shared Prosperity;vocational education and training;Public Investment Management System;legal and regulatory framework;Public Financial Management;difficult external environment;total public debt;access to finance;Public Finance Management;social protection scheme;education and health;labor market reform;good governance;reduction of poverty;human resource management;official unemployment rate;public sector efficiency;long term financing;achievement in education;raising tax revenue;quality of education;Poverty & Inequality;Health Service Delivery;medium-term budgetary framework;child survival intervention;implementation of policies;public sector investment;court of account;exchange rate peg;hard fiscal constraint;gender and environment;impact on tourism;lack of finance;female literacy rate;maternal mortality rate;budgetary classification system;current account deficit;adult literacy rate;public investment spending;infant mortality rate;decline in poverty;incidence of poverty;pace of decline;national poverty headcount;average life expectancy;school feeding program;children and youth;social security scheme;income generating activity;gdp growth rate;quality and efficiency;promotion of employment;national development plan;fight against poverty;lack of resource;primary health care;foreign direct investment;public sector consumption;number of stakeholders;Financial Management System;finance and planning;gross enrollment rate;poverty reduction goal;social security system;high growth rate;total government spending;provision of service;per capita income;global financial crisis;human resource capacity;economies of scale;long term development;source of funding;Public Procurement System;macroeconomic framework;vulnerable group;professional training;investment climate;tourism sector;civil society;business environment;downside risk;Macroeconomic Stability;extreme poverty;development partner;financial service;Gender Equality;medium-term planning;result indicator;logical framework;international reserve;international market;Job Creation;social cohesion;Financial Stability;live birth;agricultural sector;Vocational Training;concessional financing;redistribution policy;comparative advantage;regional market;global economy;health indicator;investment program;social program;combat poverty;nonperforming loan;lower debt;external fund;Macroeconomic Policy;euro zone;external condition;price stability;real gdp;public capital;monetary management;banking sector;fiscal consolidation;inflation expectation;financial soundness;concessional lending;good performance;market needs;economic expansion;land planning;intervention measure;living condition;long-term perspective;national assembly;fighting poverty;economic diversity;political change;tourism revenue;improved public;productive sector;Macroeconomic Growth;absolute poverty;Learning and Innovation Credit;intervention policy;strategic areas;multiplier effect;welfare indicator;foreign reserve;monetary policy;import growth;fiscal vulnerability;Macroeconomic Vulnerability;Macroeconomic Management;food price;labor productivity;development vision;student enter;administrative barrier;Real estate;financial system;regulatory system;global market;endogenous capacity;financial risk;commercial agriculture;Fiscal Sustainability;concessional loan;port facility;good road;Public Services;external control;budget execution;treasury account;youth unemployment;fiscal stability;efficiency improvement;national investment;assessment system;legal framework;pending legislation;improved delivery;longer period;long-term growth;integrated strategy;enrollment target



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