Cabo Verde

13-Sep-2012

Lancement du Sommet de l’innovation en Afrique

L’ancien président de la république du Cap-Vert, Pedro Pires a présidé en présence de Mme Cristina Duarte, ministre capverdienne de l’économie et des finances, M. Donald Kaberuka, président du groupe de la BAD et  de M. Jose Brito, président du Sommet, au lancement à Praia du lancement public du Sommet de l’Innovation en Afrique.  Dans son discours inaugural, le président Pires a dit que « le développement durable nécessite le renforcement des capacités et la promotion de l’innovation qui, a-t-il indiqué renvoie au futur. »   Quant au président Kaberuka, il a insisté sur...
12-Sep-2012

Africa Development Fund Mid-Term Review - Opening Remarks by the AfDB President Donald Kaberuka

Event: African Development Fund Mid-Term Review In 2010, despite tight finances, ADF members agreed to yet another generous replenishment of the Fund, as you have done in the past 40 years. In the past three replenishments alone ADF 10, 11 and 12, a total of 21 billion dollars was mobilized. The last two replenishments with which I have had the honour to be associated – ADF 11 and 12 were able to raise 18 billion dollars. These substantive contributions were made possible by your faith and confidence in the Bank as the trusted "vehicle" for supporting Africa’s development. There are,...
13-Apr-2012

West Africa Long-Term Strategy Consultation Meeting - Summary Report

The summary below captures the main points discussed during the West African regional consultation meeting in Abidjan, Ivory Coast and is not a detailed set of minutes. The comments have been summarized and organized according into five thematic areas: (i) Context and Drivers of Change; (ii) Vision for Africa for the next decade; (iii) Operational Focus for the Bank; (iv) Financing, and (v) Institutional Reform.
07-Dec-2011

La BAD finance le soutien à la gestion des finances publiques et le secteur privé au Cap-Vert

Le Groupe de la Banque africaine de développement (BAD) a consenti, le 7 décembre 2011 à Tunis, un prêt de 25 millions d’euros, soit l’équivalent de 2,7 milliards d’Escudo (CVE) à la République du Cap-Vert. Ce prêt de la BAD va permettre de mettre en œuvre le programme d’appui à la gestion des finances publiques et à la relance du secteur privé. Ce programme permettra notamment au gouvernement cap-verdien de poursuivre les réformes destinées : (i) à l’amélioration de la gestion de la dette publique et des entreprises publiques ; (ii) au renforcement des systèmes de contrôle interne et...
02-Nov-2011

2011-2015 - Western Africa - Regional Integration Strategy Paper (RISP)

The region’s economic performance reflects improvements in macroeconomic management. The recent hike in commodity prices (notably oil and minerals) has also benefited resource-rich West African countries and is fostering higher growth in the region as a whole. In 2010, the region’s 6.2 percent real GDP growth was the highest among all African RECs. On the social front, the region is unlikely to meet the Millennium Development Goals. This is especially true for the region’s fragile states and landlocked countries. A contributing factor to the poor social conditions in West Africa is the high...
21-May-2010

Interview avec l’administrateur Frédéric Korsaga, BAD

«La maison BAD est bien gouvernée… Sans intégration de l’espace économique africain, il n’y aura pas d’accroissement significatif des échanges intra-régionaux » Question : Comment qualifiez-vous les relations entre les pays que vous représentez et le Groupe de la BAD ? Réponse : La circonscription que nous formons et à la tête de laquelle je me trouve en tant qu’administrateur, a de bonnes raisons d’entretenir de solides relations avec le Groupe de la BAD. Neuf pays y ont placé leur confiance et sont ainsi représentés au sein du Conseil d’administration de la Banque. Les...
26-Apr-2010

Cape Verde - 2010 - Country Profile (Portuguese Version)

A4 de Agosto de 1963, durante uma conferência em Cartum, no Sudão, que reuniu 23 governos africanos, foi assinado o acordo constitutivo do Banco Africano de Desenvolvimento (BAD). Em Dezembro do mesmo ano, outros oito países ratificaram o acordo. Em 10 de Setembro de 1964, o acordo entrou em vigor quando vinte outros países subscreveram 65% do capital social, que então se situava em 250 milhões de dólares americanos. A sessão inaugural da Assembléia de Gover - nadores foi realizada de 4 a 7 de Novembro de 1964 em Lagos, na Nigéria. As operações do Banco tiveram início em 1 de Julho de 1966 em...
18-Mar-2010

Cape Verde - Cabeolica Wind Farm Project - ESIA Summary

Cabeólica S.A. (a Private-Public-Partnership or PPP between the Government of Cape Verde, Electra S.A. and Infraco Limited) have requested the African Development Bank (AfDB) to support the development of a new wind farm project. This includes a request for provision of an AfDB loan to install wind turbines to generate 28MW and associated transmission lines to deliver power to existing consumers. Cabeólica will ensure that the wind farm project will be implemented consistent with appropriate international best practices to minimize any adverse environmental and social impacts, and that the...
04-Nov-2009

Botswana, Nigeria and Cape Verde Secure USD 441 Million for Energy and Poverty Reduction projects

Tunis, 28 October 2009 –  Executive directors of the African Development Bank (AfDB) Group approved near to USD 441 million in three loans for the implementation of projects in Botswana, Nigeria and Cape Verde, at their regular weekly session on Wednesday, 28 October 2009, in Tunis. Botswana Under the approvals, Botswana will receive €153 million (USD 225 million) to finance the Morupule B Power Project, which involves the construction of a 600 MW (4 x 150 MW) coal-fired power plant and associated transmission infrastructure. The project, to be co-financed by the World Bank, the...
02-Nov-2009

2009-2012 - Cape Verde - Country Strategy Paper

Cape Verde is an archipelago of ten islands in the Atlantic Ocean off the coasts of Senegal, Gambia and Mauritania, within the Sahel strip. As a result of its sound economic and social performance in recent years, it has gained the status of Middle Income Country (MIC). From the perspective of the Bank’s credit policy, it has also moved from Category A to Category B, thereby accessing non-concessional resources of the ADB and concessional resources of the ADF. Against that backdrop, the preparation of the CSP 2009-2012 for Cape Verde falls within a new partnership framework. The country’s...
29-Oct-2009

AfDB Approves €40 million Budget Support Loan to Cape Verde

Tunis, 29 October 2009 – The African Development Bank (AfDB) Group has approved a €40 million loan to Cape Verde to help the country respond to the impact of the global financial crisis while maintaining the momentum of its reform agenda. The loan will help to reinforce reforms, especially in the areas of public finance management and the business climate – the two components of the additional budget support to the Poverty Reduction Strategy Support Programme (PRSSP-II). The impact of the economic and financial crisis, have seriously affected the tourism sector, the main driver of growth...
29-Oct-2009

Cape Verde Attains Middle Income Country Status

Tunis, 28 October 2009 – The Board of Directors of the African Development Bank (AfDB) Group has approved Cape Verde’s 2009-2012 Country Strategy Paper (CSP), and elevated the country to Middle Income Country (MIC) Status, which entitles it to access resources from the Bank Group’s non-concessional and concessional windows. The 2009-2012 CSP is set within the dual framework of the country’s Economic Transformation Strategy (STE) – a long-term structural vision and its 2008-2011 Second Poverty Reduction Strategy Paper (PRSP-II). Based on two strategic pillars, the document focuses on...
09-Jan-2009

AfDB and Cape Verde Sign US $7.44 Million Loan Agreement for Budget Support Programme to Fight Poverty

The African Development Bank (AfDB) Group and Cape Verde have signed a loan agreement of UA 5 million, equivalent to US$ 7.4 million or CVE 667,990,000 on Wednesday, January 7, 2009, in Tunis. Approved by the AfDB Board of Directors on December 22, 2008, the loan is designed to finance the Second Budget Support Programme to Cape Verde’s Poverty Reduction Strategy (PASRP-II). The country’s Finance Minister, Cristina Duarte, and the AfDB Resident Representative in Senegal, Mohamed H’Midouche, signed the agreement in a ceremony that took place in the country’s finance ministry in Praia, the...
22-Dec-2008

Appui budgétaire de 7, 44 millions de dollars au Cap-Vert pour la lutte contre la pauvreté

Tunis, le 22 décembre 2008 - Le Conseil d’administration du Groupe de la Banque africaine de développement (BAD) a approuvé un prêt d’appui budgétaire de 5 millions d’unités de compte (UC*), soit 7,44 millions de dollars en faveur du  Gouvernement du Cap-Vert, pour financer le programme d’appui à la stratégie de réduction de la pauvreté II. Le but du programme est de contribuer à la réduction de la pauvreté. Son objectif global est de stimuler une croissance économique soutenue et la transformation de l’économie. Il a deux composantes principales. La première composante vise à...
05-Dec-2008

2005-2007 - Cape Verde - Based Country Strategy Paper-Results

This completion report has two main aims: (i) to assess the results obtained by the Bank in Cape Verde through the implementation of the 2005-2007 Result-based Country Strategy Paper (RBCSP)1 ; and (ii) to draw lessons for the Bank’s future strategy for intervention in the Republic of Cape Verde. This report reflects the outcome of discussions conducted with the country’s authorities, the development partners and civil society, and is based on information gathered by a Bank mission conducted in Cape Verde from 23 to 31 July 2008.
16-Apr-2008

AfDB, Cape Verde Sign Electricity Project Loan Agreement

The Bank Group and Cape Verde signed on Thursday, in Praia, an agreement for an ADF loan of 4.82 million Units of Account* (UA) to help finance an electricity production and transmission project on Santiago Island. The AfDB Resident Representative in Senegal, Mohamed H’Midouche, signed on behalf of the African Development Fund, the soft loan arm of the African Development Bank Group, while the Minister of Economy, Growth and Competitiveness, Jose Brito, signed for his country. The project is estimated to cost 32.64 millions UA, about 55 millions US dollars. The JBIC is...
18-Sep-2000

Cape Verde Country Financing Parameters Note

This Note describes the application of the new policy for expenditure eligibility in World Bank financing to Cape Verde by outlining the country financing parameters for Cape Verde. The new framework allows the Bank to finance expenditures needed to meet the development objectives of the operations it supports, within an overall framework that addresses risks to fiscal sustainability and the appropriate use of Bank resources, in a way that is consistent with the Articles of Agreement.