Project ID: P146666
Competitiveness for Tourism Development Project
Special Projects Management Unit
The Competitiveness for Tourism Development Project aims to promote a competitive and diversified tourism sector as the basis for a new phase of inclusive growth in the country. To achieve this purpose, the project will contribute to improve the capacity to attract and manage medium and large investments that create employment and wealth in a sustainable way in the economy.
This project addresses the goal of the GoCV to promote a new phase of inclusive growth of the economy, catalyzed by a competitive tourism sector. On one hand, this implies theattraction of medium to large investments that bring employment, taxes, and growth to the economy at large.And it is in this context that the Government of Cape Verde has negotiated with the International Development Association (IDA) of the World Bank Group the financing for this project for a total amount of US$ 15,000,000 (fifteen million US dollars).
Title Goal Beneficiaries Amount In USD
This component aims is to support the start-up of CI-ATIC operations to effectively realiz Agency for the Development of Enterprises and Innovation -ADEI, Central Tourism Authority, Ministry of Tourism, Investment, and Business Development - MTIBD
Component 1: Enhancing governance framework of the tourism sector
$2,270,000.00 (USD) 222.180.201,00 CVE
The objective of this component is to increase the competitiveness of MSMEs to benefit fr MSME Micro, Small, and Medium Enterprise, Private Sector - with a Focus on Women, Small accommodation establishments
Component 2: Diversify tourism sector and increase inclusiveness of tourism-led growth by strengthening the competitiveness of local MSMEs
$2,400,000.00 (USD) 242.400.000,00 CVE
Project Objective Indicators
Project Component Indicators