Africa-Press – Cape verde. The World Bank announced this Wednesday the approval of a credit of 40 million dollars (around 36.7 million euros) to improve resilient urban and transport infrastructure in Cape Verde.
“In this way, the Government of Cape Verde will intervene, through the Requalification, Rehabilitation and Accessibility Program, in different municipalities, to unlock locations with agricultural and tourist potential”, explains, according to Lusa, the organization, in a statement.
At the same time, investment in remote locations should benefit fishing and similar infrastructure.
In general, it is expected to “create conditions to improve the performance of agricultural, tourist and fishing activities, with an impact on the local economy ”.
The objective, continues the source, is to improve various aspects of local life: production, employment and income of Cape Verdean families.
The projects to be supported must resist the transformations induced by climate change.
The financing includes a component for technical assistance to strengthen transport management capacity and another for contingent intervention in cases of emergency.
“It is estimated that approximately 190,000 inhabitants and 4,500 companies in Cape Verde will benefit from the improvements” , estimates the World Bank.
According to Lusa, the financing is allocated within the scope of the IDA (English acronym for the International Development Association), in line with the Government’s Strategic Plan for Sustainable Development (PEDS) for the period from 2022 to 2026 and with the Partnership Framework of the World Bank Group with Cape Verde, for the period from 2020 to 2025.
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