Cabo Verde II-Compact

General

The five-year compact with Cabo Verde is intended to increase household incomes by reforming two sectors identified as current constraints to economic growth: the water and sanitation sector and the land management sector. Each compact project is an important component of the Government of Cabo Verde's economic transformation agenda, focused on shifting from a reliance on foreign aid and remittances to mobilization of private sector investment and improved domestic resource management. This compact builds off the success of Cabo Verde's first MCC compact completed in October 2010 and upholds high standards for accountability transparency and achieving results.