| Financier | Commitments |
|---|---|
| IDA Credit | 32.50 |
| IDA Shorter Maturity Loan (SML) | 20.00 |
Cabo Verde: Second Resilient and Equitable Recovery DPF with a Cat DDO
Development Objective
The program development objective is to support the Government’s efforts to strengthen the foundations for a resilient and equitable economic recovery through (i) reducing fiscal risks and improving debt transparency; (ii) strengthening the resilience of poor and vulnerable households to climate shocks; and (iii) enabling a sustainable private sector-led recovery.
Key Details
Project Details
P176148
Active
Anna Carlotta Allen Massingue , Oscar Ishizawa Escudero, Rosa Delgado De Brito Delgado
Republic of Cabo Verde
June 30, 2022
(as of board presentation)
November 17, 2022
November 29, 2022
US$ 0.00 million
Ministry of Finance
2023
US$ 52.50 million
N/A
Not Applicable
February 15, 2026
BANK APPROVED
November 29, 2023
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 52.50 |
| IBRD + IDA Commitment | 52.50 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Nov 17, 2022 | IDA-72210 | Loan Commitment | 20,000,000.00 |
| Jul 15, 2024 | IDA-72200 | Int Charges | 87,599.16 |
| Nov 17, 2022 | IDA-72190 | Loan Commitment | 10,000,000.00 |
| Nov 17, 2022 | IDA-72200 | Loan Commitment | 22,500,000.00 |
| Dec 8, 2022 | IDA-72200 | Loan Disb | 23,325,456.00 |
| Jul 15, 2023 | IDA-72200 | Int Charges | 18,376.18 |
| Jul 15, 2023 | IDA-72200 | Int Charges | 18,376.18 |
| Jul 15, 2023 | IDA-72200 | Int Charges | 89,397.66 |
| Jul 15, 2023 | IDA-72200 | Int Charges | 89,397.66 |
| Jan 15, 2024 | IDA-72200 | Int Charges | 2,341.94 |
| Jan 15, 2024 | IDA-72200 | Int Charges | 2,341.94 |
| Jan 29, 2024 | IDA-72200 | Int Charges | 84,876.97 |
| Jan 29, 2024 | IDA-72200 | Int Charges | 84,876.97 |
| Jul 15, 2024 | IDA-72200 | Int Charges | 518.27 |
| Jul 15, 2024 | IDA-72200 | Int Charges | 518.27 |
| Jul 15, 2024 | IDA-72200 | Int Charges | 87,599.16 |
| Dec 12, 2022 | IDA-72210 | Loan Disb | 21,660,300.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Overall Implementation Progress (IP) | Satisfactory | 2024-12-27 |
| Program Management | Satisfactory | 2024-12-27 |
| Progress towards achievement of PDO | Satisfactory | 2024-12-27 |
| Monitoring and Evaluation | Satisfactory | 2024-12-27 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Result Indicator #1: Sectoral coverage score in the World Bank debt reporting heat map Value Partial Full Full Date July 1, 2020 December 12, 2023 December 31, 2023 Comment Result Indicator #2: Support to SOEs (capitalization, guarantees, on-lending) above what is established in the annual budget (percentage) Value 30% -32% 10% Date July 1, 2020 December 12, 2023 December 31, 2023 Comment Result Indicator #5: FNE audit report produced and published by the Court of Account including evaluation of drought response expenditures (yes/no). Value No No Yes Date July 1, 2020 December 12, 2023 December 31, 2025 Comment Result Indicator #3: Share of annual average loss from disaster and climate-related risks covered under the existing risk financinginstruments Value 14.00 65.00 50.00 Date July 1, 2020 December 12, 2023 December 31, 2025 Comment Result Indicator #4: Femaleheaded households benefitting from temporary income support in response to shocks, including climate-related, through emergency cash transfer programs (cumulative number) Value 4758.00 24328.00 20800.00 Date July 1, 2020 December 12, 2023 December 31, 2023 Comment Result Indicator #8: New tourism investment projects approved in ZDTIs, in compliance with the corresponding POTs and with approvedenvironmental impact assessments (% of total nbr of new ZDTI) Value 0.00 100.00 100.00 Date July 1, 2020 December 12, 2023 December 31, 2023 Comment Result Indicator #9: Total investments generated in aquaculture – cumulative (USD million) Value 6000000.00 10800000.00 9000000.00 Date July 1, 2020 December 12, 2023 December 31, 2023 Comment Result Indicator #6: Additional households identified using the social registry that are from the two poorest quintiles Value 0.00 26.00 50.00 Date July 1, 2020 December 12, 2023 December 31, 2023 Comment Result Indicator #7: Improved ELECTRA’s commercial operational performance: Overall system losses Value 26.10 24.40 21.00 Date July 1, 2020 December 12, 2023 December 31, 2025 Comment