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World Bank, Washington, DC
Africa | Cape Verde
2019-11-20T18:31:00Z | 2019-11-20T18:31:00Z | 2019-09-30

Propelled by almost 20 years of sustained growth, Cabo Verde achieved low middle-income country (MIC) status in 2007, one of the first African countries to do so. The impact of the 2008 crisis on Cabo Verde’s growth trajectory was heightened by the country’s undiversified economy. Since 2016, the resumption of growth, combined with fiscal consolidation efforts, have helped to strengthen public sector finances. In response to these challenges, the Government launched an ambitious development strategy for 2017-2021, the Strategic Plan for Sustainable Development. The FY20-25 Country Partnership Framework (CPF) will support the Government’s strategy through highly selective interventions.


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