Cape Verde
On July 4, 2005 Cape Verde signed a 5 year, $110 million compact with the MCC.
MCA StatusOn July 4, 2005, Cape Verde signed a 5-year, $110 million compact with the MCC (using FY2004 funding). The compact will focus on building infrastructure, water management, agricultural support and private sector development. Country CompactMCC summary of the Compact (pdf) Read Cape Verde's Compact (pdf) Cape Verde's MCC compact proposal is publicly available 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 EligibilityIn the FY 2008 selection process, Cape Verde scored above the median on all six "ruling justly" indicators, one of five "investing in people" indicators, and one of six "economic freedom" indicators. It was not selected as eligible. 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 FactsData are for 2006 (or most recent year available)
Source: World Development Indicators 2007 Cape Verde at a Glance from the World Bank (PDF)
Other U.S. PoliciesDevelopment 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 Trade The U.S. imported $3.7 million in goods from Cape Verde in 2004; apparel was over 80% of the total and was granted preferential access under the African Growth and Opportunity Act (AGOA). Spreadsheet of U.S. imports from Cape Verde (PDF) Country report from the Office of the U.S. Trade Representative (PDF)
Other DonorsThe top three donors to Cape Verde in 2005 were:
Source: Development Assistance Committee Database
World Bank InvolvementThe World Bank is currently financing five projects in Cape Verde worth $63 million, with an undisbursed balance of $19.7 million. Twenty-one projects totaling nearly $238 million have been approved for Cape Verde over the years. The active projects are in the sectors of energy, water, HIV/AIDS, growth and competitiveness, and roads, among others. Review a summary of World Bank projects in Cape Verde.
Other ResourcesCompendium of food and agriculture indicators from the UN's Food and Agriculture Organization (FAO) - (PDF) Department of State country profile providing background on Cape Verde's history and U.S.-Cape Verde relations
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