About the program

Positioning Cabo Verde as a hub for innovation and entrepreneurship.

A structured program to expand the private sector, upskill youth talent, and finance the growth of national enterprises.

View targets and indicators Official Document (PDF)

Results-based financing

Why results-based financing?

To accelerate the diversification and resilience of the national economy, Cabo Verde structured an operation with the African Development Bank where the disbursement of funds depends on the independent verification of targets achieved on the ground.

This model replaces the simple justification of expenditures with a commitment to practical impact: credit facilitation and capacity building for MSMEs, attraction of innovative enterprises and tech talent, and rigorous monitoring of the entire ecosystem.

Strategic Areas

The intervention is structured across three approved results areas, with specific allocation weights:

50%of allocation

Go Global

Attracting talent and enterprises

Creating policies, platforms, and investment vehicles to attract and retain Innovation-Driven Enterprises (IDEs) and digital nomads.

47%of allocation

Grow Local

Capacity building and productivity

Developing the local MSME ecosystem to enhance productivity, digital upskilling, and technological adoption.

3%of allocation

Digitally Enhanced Coordination

Monitoring and governance

Strengthened coordination, monitoring, evaluation, and technical capacity building for independent results verification.

Governance and Implementation

MiP's institutional architecture is organized by function, from political oversight and fiduciary management to technical implementation and independent verification.

Political Oversight and Policy Execution

MECITD / DNPMinistry of Economy, Trade, Industry and Digital Transition, alongside the National Directorate of Planning: political oversight of the program, results areas coordination, and budgeting.

Fiduciary and Financial Management

Integrated Projects Coordination Centre (CCIP)Integrated Projects Coordination Centre: fiduciary and financial management, public procurement, monitoring and evaluation, and environmental and social safeguards.

Primary Co-Financier

African Development BankOperation co-financier through a EUR 24 million loan, integrated within an overall envelope of approximately EUR 156 million with the Government and other partners.

Implementing Entities

DGTED / Cabo Verde DigitalDigital visas, digital ambassadors, and consolidated dashboard for the coordination, monitoring, and evaluation area.

TechPark Cabo VerdeTechnological infrastructure and hosting environment for the digital innovation and entrepreneurship ecosystem.

Tourism Institute of Cabo Verde (ITCV)Co-responsible entity for the digital nomad attraction strategy, talent recruitment, and registration platform modernization.

Pró-EmpresaInvestment targeted at MSMEs, including the digitization of training and management support programs.

Pró-CapitalEquity and quasi-equity, investment committee, and governance of financial vehicles approved for the program.

Independent Verification

General Inspectorate of Finance (IGF)Public institution ensuring the independent verification function of program results.

Independent Verification Agent (IVA/IVM)Reinforced verification function under DLI 10A: validates evidence for each target prior to disbursement.

National Institute of Statistics (INE)National statistical authority, official benchmark source for the data supporting results verification.

How does financing work?

Results-Based Financing (RBF) links disbursements to verified outcomes validated by an Independent Verification Agent (IVA/IVM), ensured by the General Inspectorate of Finance (IGF).

RBF Disbursement Flow: AfDB loan, DLI verified, Treasury Special Account or awaiting verification.

View targets and indicators (DLIs)

2024 to 2028 Program · 2025 to 2028 Target Trajectory

The program runs from 2024 to 2028. The target trajectory spans 2025 to 2028, with disbursements occurring in semi-annual cycles subject to independent verification by IGF as IVA/IVM; in case of partial achievement, reimbursement is strictly proportional to verified results.

2024

2025

2026current year

2027

2028

Last updated: August 28, 2026.