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Project ID: P146666
Competitiveness for Tourism Development Project
Project Area
Tourism
MANAGEMENT UNIT
Special Projects Management Unit
Effective Date
15/11/2016
Closing Date
31/01/2022
Status
Closed
Total Amount
$5,000,000.00 (USD)
489.201.323,00 CVE
Inicial Amount
$5,000,000.00 (USD)
489.201.323,00 CVE
Additional Value
$0.00 (USD)
0,00 CVE
100%
% Execution
Goal
The Competitiveness for Tourism Development Project aims to promote a competitive and diversified tourism sector as the basis for a new phase of inclusive growth for the country. To achieve this purpose, the project will contribute towards the ability to attract and manage medium and large investments that create jobs and wealth in a sustainable way in the economy.
Description
This project addresses the GoCV's goal of promoting a new phase of inclusive growth in the economy, catalyzed by a competitive tourism sector. On the one hand, this implies attracting medium to large investments that bring jobs, taxes, and growth to the overall economy, and it is in this context that the Government of Cabo Verde has negotiated funding for this project with the International Development Association (IDA) of the World Bank Group for a total amount of US$ 15,000,000 (fifteen million US dollars).
Components
Title Goal Beneficiaries Amount In USD
Component 1 - Strengthening the governance framework of the tourism sector
$2,270,000.00 (USD) 222.180.201,00 CVE
Component 2: Diversifying the tourism sector and increasing the scope of tourism-led growth by enhancing the competitiveness of local MSMEs
$2,400,000.00 (USD) 242.400.000,00 CVE
Component 3: Project implementation
$490,000.00 (USD) 49.490.000,00 CVE
Indicators
Project Objective Indicators
Project Component Indicators