The development objective of the Access to Finance for Micro, Small and Medium-Sized Enterprises (MSMEs) Project for Cabo Verde is to increase access to finance to MSMEs. This project has four components. 1) The first component, Partial Credit Guarantee Fund to Enhance MSME Finance, aims to finance activities to support the establishment and operationalization of a PCG fund to improve access to finance for MSMEs. 2) The second component, Technical Assistance for MSMEs, aims to finance activities to support MSMEs in generating and providing information to financial institutions supporting their loan applications, including the provision of accounting and auditing services and support for preparation of business plans and feasibility studies for new ventures. 3) The third component, Improve Credit Information Systems, aims to support an upgrade and expansion of the coverage and depth of information contained in the central bank’s credit registry, in line with the General Principles for Credit Reporting. 4) The fourth component, Project Implementation Support, aims to cover the project implementation costs.
ACCOUNTABILITY MECHANISM OF WORLD BANK
The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing firstname.lastname@example.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.