Poverty Reduction Support Credit II

Abstract*

The Second Poverty Reduction Support Credit (PRSC-2) Project will continue to support the implementation of Cape Verde's Growth and Poverty Reduction Strategy (GPRSP). This one-tranche operation would be the second of a planned series of three annual PRSCs. The financial support provided through the PRSC-2 will further narrow the gap between the cost of implementing key elements of the GPRSP and resources, available from Government's own domestic... Show More

Development Objective

As a follow-up to PRSC1, the objectives of the PRSC2 are to: (a) support the policies and reforms set forth in the Government#s GPRSP in order to achieve sustained improvements in the well-being of the population; (b)develop an improved form of external assistance that reduces distortions and transaction costs associated with project-based aid (particularly acute given Cape Verde#s small size) and increases Government capacity to plan, execute and monitor its efforts to address poverty; (c) harmonize donor support around the GPRSP; (d) provide predictable support to the budget cycle to consolidate and smooth resource transfers; and (e) improve access to and quality of key social services.

Key Details

Project Details

Project ID
P090875
Status
Closed
Team Leader
Maria Manuela Do Rosario Francisco
Borrower 2
N/A

Country
Cabo Verde
Disclosure Date
November 29, 2005
Approval Date
(as of board presentation)
June 1, 2006
Effective Date
July 19, 2006

Total Project Cost 1
US$ 10.00 million
Implementing Agency
N/A
Region
Western and Central Africa
Fiscal Year 3
2006

Commitment Amount
US$ 10.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
August 31, 2006

Last Stage Reached
BANK APPROVED
Parent Projects
P078860
Last Update Date
March 6, 2024

Associated Projects
P100807

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Human Development and Gender

FY17 - Education18%
- FY17 - Access to Education9%
- FY17 - Education Financing9%
FY17 - Health Systems and Policies17%
- FY17 - Health System Strengthening17%

FY17 - Public Sector Management

FY17 - Public Administration34%
- FY17 - Administrative and Civil Service Reform17%
- FY17 - Transparency, Accountability and Good Governance17%
FY17 - Public Finance Management17%
- FY17 - Public Expenditure Management17%

FY17 - Social Development and Protection

FY17 - Social Protection16%
- FY17 - Social Insurance and Pensions16%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	10.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	10.00
IBRD + IDA Commitment	10.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	10.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Mar 15, 2023	IDA-41750	Int Charges	30,402.19
Sep 15, 2022	IDA-41750	Loan Repay	2,667.57
Sep 16, 2022	IDA-41750	Loan Repay	87,925.86
Sep 16, 2022	IDA-41750	Int Charges	29,895.33
Sep 16, 2022	IDA-41750	Int Charges	29,895.33
Jun 1, 2006	IDA-41750	Loan Commitment	10,000,000.00
Mar 15, 2024	IDA-41750	Loan Repay	3,313.27
Mar 15, 2024	IDA-41750	Loan Repay	89,898.73
Mar 15, 2024	IDA-41750	Int Charges	29,711.33
Mar 15, 2024	IDA-41750	Int Charges	29,711.33
Mar 20, 2014	IDA-41750	Int Charges	40,270.26
Mar 20, 2014	IDA-41750	Int Charges	40,270.26
Mar 20, 2014	IDA-41750	Int Charges	556.11
Mar 20, 2014	IDA-41750	Int Charges	556.11
Sep 15, 2013	IDA-41750	Int Charges	890.48
Sep 15, 2013	IDA-41750	Int Charges	890.48
Sep 15, 2013	IDA-41750	Int Charges	38,439.36
Sep 15, 2013	IDA-41750	Int Charges	38,439.36
Sep 15, 2014	IDA-41750	Int Charges	481.24
Sep 15, 2014	IDA-41750	Int Charges	481.24
Sep 15, 2014	IDA-41750	Int Charges	39,368.18
Sep 15, 2014	IDA-41750	Int Charges	39,368.18
Mar 17, 2016	IDA-41750	Int Charges	36,314.14
Mar 17, 2016	IDA-41750	Int Charges	36,314.14
Mar 17, 2016	IDA-41750	Int Charges	234.53
Mar 17, 2016	IDA-41750	Int Charges	234.53
Sep 16, 2015	IDA-41750	Int Charges	35,200.97
Sep 16, 2015	IDA-41750	Int Charges	35,200.97
Sep 15, 2015	IDA-41750	Int Charges	1,486.55
Sep 15, 2015	IDA-41750	Int Charges	1,486.55
Mar 15, 2015	IDA-41750	Int Charges	1,204.45
Mar 15, 2015	IDA-41750	Int Charges	1,204.45
Mar 15, 2015	IDA-41750	Int Charges	34,781.93
Mar 15, 2015	IDA-41750	Int Charges	34,781.93
Mar 15, 2017	IDA-41750	Int Charges	35,072.73
Mar 15, 2017	IDA-41750	Int Charges	35,072.73
Mar 15, 2017	IDA-41750	Int Charges	595.56
Mar 15, 2017	IDA-41750	Int Charges	595.56
Mar 15, 2017	IDA-41750	Loan Repay	94,472.00
Sep 15, 2016	IDA-41750	Int Charges	36,140.19
Sep 15, 2016	IDA-41750	Int Charges	36,140.19
Sep 15, 2016	IDA-41750	Int Charges	637.20
Sep 15, 2016	IDA-41750	Int Charges	637.20
Sep 15, 2016	IDA-41750	Loan Repay	98,021.70
Mar 15, 2018	IDA-41750	Int Charges	35,017.10
Sep 15, 2017	IDA-41750	Loan Repay	159.10
Sep 15, 2017	IDA-41750	Int Charges	33,436.04
Sep 15, 2017	IDA-41750	Int Charges	33,436.04
Sep 15, 2017	IDA-41750	Loan Repay	99,507.60
Sep 18, 2018	IDA-41750	Int Charges	1,916.19
Sep 18, 2018	IDA-41750	Int Charges	1,916.19
Sep 18, 2018	IDA-41750	Loan Repay	98,090.30
Sep 18, 2018	IDA-41750	Int Charges	35,312.51
Sep 18, 2018	IDA-41750	Int Charges	35,312.51
Mar 15, 2018	IDA-41750	Int Charges	3,257.55
Mar 15, 2018	IDA-41750	Int Charges	3,257.55
Mar 15, 2018	IDA-41750	Loan Repay	101,730.30
Mar 15, 2018	IDA-41750	Int Charges	35,017.10
Mar 15, 2019	IDA-41750	Loan Repay	67.60
Mar 15, 2019	IDA-41750	Loan Repay	97,397.60
Mar 15, 2019	IDA-41750	Int Charges	6.08
Mar 15, 2019	IDA-41750	Int Charges	6.08
Mar 15, 2019	IDA-41750	Int Charges	34,721.98
Mar 15, 2019	IDA-41750	Int Charges	34,721.98
Mar 15, 2020	IDA-41750	Loan Repay	95,375.81
Mar 15, 2020	IDA-41750	Int Charges	33,644.33
Mar 15, 2020	IDA-41750	Int Charges	33,644.33
Mar 15, 2020	IDA-41750	Loan Repay	1,095.39
Sep 15, 2019	IDA-41750	Int Charges	33,882.97
Sep 15, 2019	IDA-41750	Int Charges	33,882.97
Sep 15, 2019	IDA-41750	Loan Repay	281.03
Sep 15, 2019	IDA-41750	Loan Repay	95,840.87
Mar 16, 2021	IDA-41750	Int Charges	2,513.26
Mar 16, 2021	IDA-41750	Int Charges	2,513.26
Mar 16, 2021	IDA-41750	Loan Repay	100,058.70
Sep 15, 2020	IDA-41750	Loan Repay	311.58
Sep 16, 2020	IDA-41750	Loan Repay	98,867.18
Sep 16, 2020	IDA-41750	Int Charges	31,725.53
Sep 16, 2020	IDA-41750	Int Charges	31,725.53
Sep 20, 2021	IDA-41750	Loan Repay	98,267.36
Sep 20, 2021	IDA-41750	Int Charges	2.07
Sep 20, 2021	IDA-41750	Int Charges	2.07
Sep 20, 2021	IDA-41750	Int Charges	33,518.21
Sep 20, 2021	IDA-41750	Int Charges	33,518.21
Mar 16, 2021	IDA-41750	Int Charges	34,145.03
Mar 16, 2021	IDA-41750	Int Charges	34,145.03
Mar 16, 2021	IDA-41750	Int Charges	2.07
Mar 16, 2021	IDA-41750	Int Charges	2.07
Mar 15, 2022	IDA-41750	Loan Repay	539.57
Mar 15, 2022	IDA-41750	Loan Repay	96,013.53
Mar 15, 2022	IDA-41750	Int Charges	9.94
Mar 15, 2022	IDA-41750	Int Charges	9.94
Mar 15, 2022	IDA-41750	Int Charges	32,224.60
Mar 15, 2022	IDA-41750	Int Charges	32,224.60
Sep 15, 2021	IDA-41750	Loan Repay	1,051.18
Sep 15, 2023	IDA-41750	Int Charges	29,770.10
Sep 15, 2023	IDA-41750	Int Charges	29,770.10
Sep 15, 2023	IDA-41750	Loan Repay	1,594.06
Sep 15, 2023	IDA-41750	Loan Repay	90,716.34
Mar 15, 2023	IDA-41750	Loan Repay	1,408.00
Mar 15, 2023	IDA-41750	Loan Repay	91,778.80
Mar 15, 2023	IDA-41750	Int Charges	1.88
Mar 15, 2023	IDA-41750	Int Charges	1.88
Mar 15, 2023	IDA-41750	Int Charges	30,402.19

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Program Management	Satisfactory	2006-10-04
Monitoring and Evaluation	Moderately Unsatisfactory	2006-10-04
Progress towards achievement of PDO	Satisfactory	2006-10-04

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 05-22-2008
Outcomes	Substantial
Risk to Development Outcome	Negligible
Bank Performance	Highly Satisfactory
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Substantial

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 10-08-2008	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome	Negligible To Low	N/a
Bank Performance	Satisfactory	N/a
Borrower Performance	Satisfactory	N/a
Government Performance	Satisfactory	N/a
Implementing Agency	Satisfactory	N/a
Icr Quality	Satisfactory	N/a
M&e Quality	Modest	N/a

Results Framework