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Cabo Verde - Private Sector Competitiveness and Local Economic Development Programme (PSC-LED) PHASE I

16-Aug-2018

Management hereby submits the following proposal and recommendation to grant a loan of EUR 20 million to the Republic of Cabo Verde to finance the Private Sector Competitiveness and Local Economic Development Programme - Phase I (PSC-LED-I). PSC-LED-I is the first phase of a programme-based budget support operation covering fiscal years 2018 and 2019, with an overall indicative financing of EUR 40 million. PSC-LED-I presents the multi-annual framework of the programme and provides a list of reform measures considered as indicative triggers for the second phase (PSC-LED-II). The programme-based approach helps improve aid predictability and facilitates alignment with the country's development policies, thus creating conditions for sustained, sustainable and inclusive growth.

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