According to bank documents, the programmatic DPF series strengthes policies for a sustainable, equitable, and greener economic recovery.
The DPF series supports Cabo Verde authorities in their efforts to build back better after the COVID-19 crisis and to reposition the role of the state in the economy over the medium term. The series is structured around three interrelated policy areas:
Pillar B seeks to strengthen the resilience of poor and vulnerable households, particularly women, to shocks, including climate-related shocks This pillar builds on the COVID-19 response program and continues to strengthen the social protection system by (i) supporting the continued use of safety nets to respond to COVID-19 in the short-term and further strengthening the shock-responsiveness of the safety net system in the medium-term and (ii) strengthening the usability of the social registry and enabling broader usage for targeted service delivery.
Pillar C supports a green, sustainable, and private sector-led recovery: This pillar promotes private sector investment and the transition towards a low-carbon economy by: (i) supporting reforms of the electricity sector to attract private investment necessary to lower the cost of electricity services, strengthen energy independence, and reduce greenhouse gas emissions; (ii) promoting a harmonized, streamlined and more predictable regulation for investment in the tourism sector; and (iii) supporting the sustainable development of the fishery sector, including aquaculture.
Jose Daniel Reyes, Cristina Navarrete Moreno
Ministry of Finances
Director of National Planning
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