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Cabo Verde Resilient Tourism and Blue Economy Development Second AF

Abstract*

The Project addresses key constraints to unlocking tourism potential in selected destinations in Cabo Verde, which can collectively diversify and enhance the inclusiveness of Cabo Verde’s tourism by focusing on segments with higher involvement of communities and sustainable protection of natural assets. Through a series of cross-sectoral interventions, the Project will seek to enhance the tourism sector’s offerings, diversify its impact, and enable...

* 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

To increase diversity and resiliency in the tourism offering and small and medium enterprise (SME) participation in tourism-related value chains in targeted destinations.

Key Details

Project Details

  • P181369

  • Active

  • Michael Engman , Veruschka Schmidt, Cristina Navarrete Moreno

  • Republic of Cabo Verde

  • Cabo Verde

  • February 27, 2024

  • (as of board presentation)

    April 30, 2024

  • N/A

  • US$ 25.00 million

  • Ministry of Finance and Business Development,Ministry of Infrastructure,Territorial Planning and Housing,Ministry of Tourism and Transports,Ministry of Culture and Creative Industries and Ministry of the Sea

  • Western and Central Africa

  • 2024

  • US$ 30.00 million

  • N/A

  • April 19, 2024

  • June 30, 2028

  • Yes

  • BANK APPROVED

  • P176981

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 30.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 30.00
IBRD + IDA Commitment 30.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 25.00

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$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.