Cabo Verde - Technical Support for the Preparation of a National Blue Economy Investment Plan and a Blue Economy Promotion Programme


Project Summary

Approval Date 17 Oct 2016
Signature Date 28 Apr 2017
Planned Completion Date 30 Dec 2019
Last Disbursement Planned Date 30 Dec 2019
Sovereign / Non-Sovereign Sovereign
Sector Agriculture and Rural Development
DAC Sector Code 31320
Commitment U.A 1,000,000
Status Implementation

Project General Description

The project is a technical assistance operation will enable the Bank to support the Government of Cabo Verde in implementing the Blue Growth Charter adopted in 2015 in the country in order to make the sectors concerned by marine and continental ecosystems more vibrant, more visible and more efficient. This assistance will, in particular, help to prepare a framework for operationalizing the National Strategy for Transition to Blue Economy through an inter-sector approach jointly adopted by the Government and the private sector. This process will involve providing support for: (i) the preparation of a National Blue Economy Investment Plan (PNIEB) involving publicprivate partnerships (PPPs); (ii) the development of a Blue Economy Promotion Programme that will be submitted to technical and financial partners (TFPs); (iii) capacity building (public and private) to meet the necessary conditions for the smooth implementation of the Investment Plan and the Priority Programme; and (iv) the promotion of institutional synergies at various levels and support of institutional reform and improvement drives.

Project Objectives

The technical support operation aims to prepare a reform and investment framework for contributing to reducing poverty and social inequalities through the sustainable exploitation of ocean and coastal resources, the diversification of growth pillars and the promotion of a blue economy. Specifically, the operation seeks to: (i) strengthen the National Blue Economy Strategy and make the necessary institutional adjustments; (ii) prepare a National Blue Economy Investment Plan; and (iii) design a Blue Economy Promotion Programme, and build national capacity.

Beneficiaries

The beneficiaries of this technical support operation are the 7 relevant public entities (the exploitation, enhancement and marketing of fishery and aquaculture resources, the protection and conservation of specific ecosystems and resources, tourism and ecotourism, transport and green energy, other related sectors dealing with resilience, climate change, living conditions and means of livelihood, and social and human development), civil society, local communities, young entrepreneurs, the private sector, and socio-professional organizations.

Participating Organization

Funding
Middle Income Countries Fund
Implementing
Secrétariat d'Etat aux Pêches

Information

IATI identifier 46002-P-CV-AAF-009
Last Update 31 Oct 2019

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Contact Details

Name KITANE Souleye
Email s.kitane@afdb.org

Geographic Location

Country Cape Verde