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Cabo Verde Second State-Owned Enterprises Reform and Fiscal Management Development Policy Financing

Abstract*

This DPF supports reforms to strengthen the foundations for economic recovery and increased resilience in the context of the COVID-19 crisis. It is structured around two pillars aimed at: (i) reducing fiscal risks from SOEs while improving service delivery in infrastructures; and ii) strengthening accountability and effectiveness in fiscal management. The first pillar supports reform in four important sectors. First, in the maritime sector, it supports...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

i) Reducing fiscal risks from SOEs while improving service delivery in infrastructures; and ii) Strengthening accountability and effectiveness in fiscal management.

Key Details

Project Details

  • P171080

  • Closed

  • Jose Reyes , Maimouna Fam, Fiseha Gebregziabher

  • Cabo Verde

  • Cabo Verde

  • June 26, 2019

  • (as of board presentation)

    August 7, 2020

  • September 25, 2020

  • US$ 25.00 million

  • N/A

  • N/A

  • July 7, 2021

  • BANK APPROVED

  • P165631

  • March 6, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 25.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 25.00
IBRD + IDA Commitment 25.00
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

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

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Aug 7, 2020 IDA-67440 Loan Commitment 25,000,000.00
May 15, 2021 IDA-67440 Int Charges 24,682.70
May 15, 2024 IDA-67440 Int Charges 526.93
May 15, 2024 IDA-67440 Int Charges 90,812.84
May 15, 2024 IDA-67440 Int Charges 90,812.84
Nov 15, 2023 IDA-67440 Int Charges 786.21
Nov 15, 2023 IDA-67440 Int Charges 786.21
Nov 15, 2023 IDA-67440 Int Charges 90,492.63
Nov 15, 2023 IDA-67440 Int Charges 90,492.63
May 15, 2023 IDA-67440 Int Charges 1,432.09
May 15, 2023 IDA-67440 Int Charges 1,432.09
May 15, 2023 IDA-67440 Int Charges 91,344.17
May 15, 2023 IDA-67440 Int Charges 91,344.17
Nov 15, 2022 IDA-67440 Int Charges 3,332.43
Nov 15, 2022 IDA-67440 Int Charges 3,332.43
Nov 16, 2022 IDA-67440 Int Charges 85,530.77
Nov 16, 2022 IDA-67440 Int Charges 85,530.77
Nov 22, 2021 IDA-67440 Int Charges 851.67
Nov 22, 2021 IDA-67440 Int Charges 851.67
Nov 22, 2021 IDA-67440 Int Charges 95,913.73
Nov 22, 2021 IDA-67440 Int Charges 95,913.73
May 15, 2022 IDA-67440 Int Charges 1,962.81
May 15, 2022 IDA-67440 Int Charges 1,962.81
May 15, 2022 IDA-67440 Int Charges 89,361.29
May 15, 2022 IDA-67440 Int Charges 89,361.29
Sep 30, 2020 IDA-67440 Loan Disb 25,758,532.00
May 15, 2021 IDA-67440 Int Charges 97,854.10
May 15, 2021 IDA-67440 Int Charges 97,854.10
May 15, 2021 IDA-67440 Int Charges 24,682.70
May 15, 2024 IDA-67440 Int Charges 526.93

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 07-06-2022
OutcomesModerately Satisfactory
Risk to Development Outcome
Bank PerformanceModerately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 11-29-2022PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Unsatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceNot RatedN/a
Implementing AgencyN/a
Icr QualityModestN/a
M&e QualityN/a

Results Framework

No data available.