Cape Verde : Center for Global Development : Initiatives: Active: MCA Monitor: MCA Compact Eligible Countries

On July 4, 2005 Cape Verde signed a 5 year, $110 million compact with the MCC.

MCA Status

On July 4, 2005, Cape Verde signed a 5-year, $110 million compact with the MCC (using FY2004 funding). The compact focuses on building infrastructure, water management, agricultural support and private sector development.

Country Compact

MCC summary of the Compact (pdf)

Read Cape Verde's Compact (pdf)

Cape Verde's MCC website

Cape Verde Compact Implementation Status Report, January-March 2009

CGD's summary of the proposal

By comparison, Cape Verde's Interim Poverty Reduction Strategy Paper (PRSP) outlines five major goals: improving governance, promoting entrepreneurial activity, investing in human capital, increasing social cohesion, and improving physical and institutional infrastructure. The strategies for achieving these goals include renewing economic growth with a focus on equity, strengthening the linkages between poverty reduction strategies and macroeconomic policy, reducing regional and rural/urban disparities, and improving the productive capacities of the poor.

Cape Verde's PRSP (PDF)

Joint Staff Advisory Note (JSAN) for the PRSP (PDF)

Country Eligibility

In the FY 2009 selection process, Cape Verde scored above the median on all six "ruling justly" indicators, two of five "investing in people" indicators, and one of six "economic freedom" indicators.

Review Cape Verde's performance (pdf) on the FY 2009 selection indicators

Review Cape Verde’s performance (pdf) on the FY 2008 selection indicators

Review Cape Verde’s performance (pdf) on the FY 2007 selection indicators

Review Cape Verde's performance (pdf) on the FY 2006 selection indicators

Learn more about the MCC's country selection process

Country Facts

Data are for 2006 (or most recent year available)

Per capita income (GNI, current US$)	$2,130
Poverty rate	N/A
Average economic growth, 1996-2005	5.7%
Population	518,311
Percent population rural	43%
Life expectancy	71 yrs
Literacy Rate	N/A

Source: World Development Indicators 2007

Cape Verde Country Brief from the World Bank (PDF)

Other U.S. Policies

Development Assistance USAID provides no country-specific funding in Cape Verde. However, USAID’s West African Regional Program (WARP) supports programs that benefit Cape Verde.

Review the USAID regional West Africa strategy

World Bank Involvement

As of September 2008, the World Bank had approved 23 projects for Cape Verde amounting to about US$271 million, of which about US$252 million had been disbursed. Nineteen projects have been closed, and the current portfolio of four projects represents about US$58.5 million, with an undisbursed balance of about US$19.7 million. These four projects are: (a) HIV/AIDS, (b) Growth and Competitiveness, (c) Road Sector Support, and (d) Poverty Reduction Support Credit IV. Overall, Cape Verde's portfolio is performing well.