This paper focuses on Cape Verde’s Growth and Poverty Reduction Strategy (GPRS). The GPRS is part of a broader strategic planning exercise that has been under way in Cape Verde and has as main pillars the Grand Options of the Plan 2002–05 (GOP) and the National Development Plan (NDP). The link between the NDP and the GPRS ensures global coherence of the planning instruments, thus facilitating management and monitoring of the various programs, and avoids duplication of efforts and procedures.
The Poverty Reduction Strategy Paper (PRSP) will draw on the national poverty alleviation plan, the grand options plan, and the national development plan. The government has successfully implemented a macroeconomic stabilization program, formulated a plan to support private sector development, and sustained its good performance in the education sector. Progress has been realized in most of the key areas highlighted in the assessment of the interim PRSP. Executive Directors encourage the government to participate in the general data dissemination system.
This paper examines the Poverty Reduction Strategy Paper (PRSP) Preparation Status Report for Cape Verde. On the road map to full PRSP, significant progress has been made in the context of preparation of the PRSP. The government has approved the National Development Plan (NDP). The programs and sub-programs incorporated in the NDP are quadrennial (2002–05). The financing gap will be reassessed in light of the review of the macroeconomic framework supported by a Poverty Reduction and Growth Facility arrangement.