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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 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.

Description

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).

Components​

Title Amount In USD

Indicators

Beneficiary Entities