POVERTY REDUCTION SUPPORT CREDIT III

Abstract*

The proposed credit for Cape Verde poverty reduction support project will continue IDA support for the implementation of Cape Verde's growth and poverty reduction strategy (GPRSP). This one-tranche operation will be the third in a series of three annual poverty reduction support credits (PRSCs) and will further narrow the gap between the cost of implementing key elements of the GPRSP and resources available from the government's domestic revenues... Show More

Development Objective

As a follow-up to the PRSC2, the objectives of the PRSC3 are to: (a) support the policies and reforms set forth in the 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 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
P100807
Status
Closed
Team Leader
Maria Manuela Do Rosario Francisco
Borrower 2
N/A

Country
Cabo Verde
Disclosure Date
February 7, 2007
Approval Date
(as of board presentation)
March 27, 2007
Effective Date
July 5, 2007

Total Project Cost 1
US$ 10.00 million
Implementing Agency
N/A
Region
Western and Central Africa
Fiscal Year 3
2007

Commitment Amount
US$ 10.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
December 31, 2007

Last Stage Reached
BANK APPROVED
Parent Projects
P090875
Last Update Date
March 6, 2024

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 - Education14%
- FY17 - Access to Education7%
- FY17 - Education Financing7%

FY17 - Private Sector Development

FY17 - Jobs100%

FY17 - Public Sector Management

FY17 - Public Administration38%
- FY17 - Administrative and Civil Service Reform25%
- FY17 - Transparency, Accountability and Good Governance13%
FY17 - Public Finance Management13%
- FY17 - Public Expenditure Management13%
FY17 - Rule of Law24%
- FY17 - Judicial and other Dispute Resolution Mechanisms8%
- FY17 - Legal Institutions for a Market Economy8%
- FY17 - Personal and Property Rights8%

FY17 - Social Development and Protection

FY17 - Social Protection13%
- FY17 - Social Insurance and Pensions13%

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$)
Feb 15, 2024	IDA-42800	Loan Repay	89,744.54
Feb 15, 2024	IDA-42800	Int Charges	29,346.76
Feb 15, 2024	IDA-42800	Int Charges	29,346.76
Mar 27, 2007	IDA-42800	Loan Commitment	10,000,000.00
Feb 16, 2022	IDA-42800	Loan Repay	93,801.97
Feb 16, 2022	IDA-42800	Int Charges	3.97
Feb 16, 2022	IDA-42800	Int Charges	3.97
Feb 16, 2022	IDA-42800	Int Charges	31,985.92
Feb 16, 2022	IDA-42800	Int Charges	31,985.92
Feb 15, 2022	IDA-42800	Loan Repay	1,583.54
Aug 16, 2022	IDA-42800	Int Charges	530.10
Aug 16, 2022	IDA-42800	Int Charges	530.10
Aug 16, 2022	IDA-42800	Loan Repay	89,474.40
Aug 16, 2022	IDA-42800	Int Charges	1.84
Aug 16, 2022	IDA-42800	Int Charges	1.84
Aug 16, 2022	IDA-42800	Int Charges	30,197.61
Aug 16, 2022	IDA-42800	Int Charges	30,197.61
Feb 15, 2023	IDA-42800	Loan Repay	1,463.49
Feb 15, 2023	IDA-42800	Loan Repay	89,478.35
Feb 15, 2023	IDA-42800	Int Charges	1.89
Feb 15, 2023	IDA-42800	Int Charges	1.89
Feb 15, 2023	IDA-42800	Int Charges	29,755.96
Feb 15, 2023	IDA-42800	Int Charges	29,755.96
Aug 15, 2023	IDA-42800	Int Charges	593.64
Aug 15, 2023	IDA-42800	Int Charges	593.64
Aug 15, 2023	IDA-42800	Loan Repay	90,599.80
Aug 15, 2023	IDA-42800	Int Charges	29,897.93
Aug 15, 2019	IDA-42800	Loan Repay	93,458.52
Aug 15, 2019	IDA-42800	Int Charges	33,645.07
Aug 15, 2019	IDA-42800	Int Charges	33,645.07
Feb 15, 2020	IDA-42800	Loan Repay	831.30
Feb 15, 2020	IDA-42800	Loan Repay	92,159.38
Feb 15, 2020	IDA-42800	Int Charges	33,127.93
Feb 15, 2020	IDA-42800	Int Charges	33,127.93
Aug 15, 2020	IDA-42800	Loan Repay	1,529.09
Aug 15, 2020	IDA-42800	Loan Repay	94,329.15
Aug 15, 2020	IDA-42800	Int Charges	31,000.58
Aug 15, 2020	IDA-42800	Int Charges	31,000.58
Feb 15, 2021	IDA-42800	Loan Repay	97,971.00
Feb 15, 2021	IDA-42800	Int Charges	33,907.85
Feb 15, 2021	IDA-42800	Int Charges	33,907.85
Feb 15, 2021	IDA-42800	Int Charges	2,850.93
Feb 15, 2021	IDA-42800	Int Charges	2,850.93
Aug 17, 2021	IDA-42800	Int Charges	256.14
Aug 17, 2021	IDA-42800	Int Charges	33,357.54
Aug 17, 2021	IDA-42800	Int Charges	33,357.54
Aug 17, 2021	IDA-42800	Loan Repay	96,688.52
Aug 17, 2021	IDA-42800	Int Charges	256.14
Aug 16, 2017	IDA-42800	Int Charges	33,704.97
Feb 16, 2018	IDA-42800	Int Charges	2,200.30
Feb 16, 2018	IDA-42800	Int Charges	2,200.30
Feb 16, 2018	IDA-42800	Loan Repay	99,265.04
Feb 16, 2018	IDA-42800	Int Charges	2.07
Feb 16, 2018	IDA-42800	Int Charges	2.07
Feb 16, 2018	IDA-42800	Int Charges	32,520.02
Feb 16, 2018	IDA-42800	Int Charges	32,520.02
Aug 17, 2018	IDA-42800	Int Charges	1.97
Aug 17, 2018	IDA-42800	Int Charges	1.97
Aug 17, 2018	IDA-42800	Int Charges	34,686.37
Aug 17, 2018	IDA-42800	Int Charges	34,686.37
Aug 17, 2018	IDA-42800	Int Charges	4,119.14
Aug 17, 2018	IDA-42800	Int Charges	4,119.14
Aug 17, 2018	IDA-42800	Loan Repay	94,384.68
Feb 15, 2019	IDA-42800	Loan Repay	2,210.90
Feb 15, 2019	IDA-42800	Int Charges	33,593.87
Feb 15, 2019	IDA-42800	Int Charges	33,593.87
Feb 15, 2019	IDA-42800	Loan Repay	92,075.86
Feb 15, 2019	IDA-42800	Int Charges	3.92
Feb 15, 2019	IDA-42800	Int Charges	3.92
Feb 15, 2017	IDA-42800	Int Charges	271.59
Feb 15, 2017	IDA-42800	Int Charges	271.59
Aug 16, 2017	IDA-42800	Int Charges	268.82
Aug 16, 2017	IDA-42800	Int Charges	268.82
Aug 16, 2017	IDA-42800	Loan Repay	95,526.40
Aug 16, 2017	IDA-42800	Int Charges	33,704.97
Feb 15, 2015	IDA-42800	Int Charges	268.05
Feb 15, 2015	IDA-42800	Int Charges	268.05
Aug 15, 2015	IDA-42800	Int Charges	1,170.19
Aug 15, 2015	IDA-42800	Int Charges	1,170.19
Aug 15, 2015	IDA-42800	Int Charges	34,622.63
Aug 15, 2015	IDA-42800	Int Charges	34,622.63
Feb 15, 2016	IDA-42800	Int Charges	19.40
Feb 15, 2016	IDA-42800	Int Charges	19.40
Aug 15, 2013	IDA-42800	Int Charges	267.76
Aug 15, 2013	IDA-42800	Int Charges	267.76
Aug 16, 2013	IDA-42800	Int Charges	38,542.56
Aug 16, 2013	IDA-42800	Int Charges	38,542.56
Feb 15, 2014	IDA-42800	Int Charges	62.40
Feb 15, 2014	IDA-42800	Int Charges	62.40
Feb 15, 2014	IDA-42800	Int Charges	39,153.29
Feb 15, 2014	IDA-42800	Int Charges	39,153.29
Feb 15, 2015	IDA-42800	Int Charges	35,827.20
Feb 15, 2015	IDA-42800	Int Charges	35,827.20
Aug 15, 2014	IDA-42800	Int Charges	157.57
Aug 15, 2014	IDA-42800	Int Charges	157.57
Aug 15, 2014	IDA-42800	Int Charges	38,990.78
Aug 15, 2014	IDA-42800	Int Charges	38,990.78
Aug 15, 2023	IDA-42800	Int Charges	29,897.93
Aug 15, 2024	IDA-42800	Loan Repay	89,402.13
Aug 15, 2024	IDA-42800	Int Charges	27,470.80
Aug 15, 2024	IDA-42800	Int Charges	27,470.80
Aug 15, 2024	IDA-42800	Loan Repay	1,620.63
Feb 15, 2024	IDA-42800	Loan Repay	207.22
Aug 15, 2019	IDA-42800	Int Charges	696.76
Aug 15, 2019	IDA-42800	Int Charges	696.76
Feb 18, 2016	IDA-42800	Int Charges	35,523.26
Feb 18, 2016	IDA-42800	Int Charges	35,523.26
Aug 15, 2016	IDA-42800	Int Charges	35,587.04
Aug 15, 2016	IDA-42800	Int Charges	35,587.04
Aug 15, 2016	IDA-42800	Int Charges	35.60
Aug 15, 2016	IDA-42800	Int Charges	35.60
Feb 15, 2017	IDA-42800	Int Charges	33,892.80
Feb 15, 2017	IDA-42800	Int Charges	33,892.80

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Program Management	Satisfactory	2007-08-13
Progress towards achievement of PDO	Satisfactory	2007-08-13
Monitoring and Evaluation	Satisfactory	2007-08-13

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 05-22-2008
Outcomes	Substantial
Risk to Development Outcome	Negligible
Bank Performance	Substantial
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	Substantial	N/a

Results Framework