Cape Verde: World Bank funds Public Administration reforms in Cape Verde

10 July 2008

Washington, USA, 10 July – The World Bank said Wednesday in Washington it had granted Cape Verde a loan of US$1o million to support decentralisation and boost municipal skills in Health and Social Security.

Manuela Francisco, the World Bank economist responsible for the project, said in a statement that the loan was to be used in the “transition” from the current phase of support for poverty reduction (PRSC-4), and a second aid package, base don the new strategy for growth and poverty reduction (GPRSP-II), which has already been concluded by the Cape Verdean government.

PRSC-4 supports three of the five pillars of the government strategy to reduce poverty (GPRSP-1): promotion of good governance, development of human capital and improvement of the effectiveness and sustainability of the social security system. (macauhub)