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Publication(Washington, D.C., 2023-10-11) World BankThis Systematic Country Diagnostic (SCD) update argues that development challenges identified in SCD1 remain relevant. Moreover, there is a renewed urgency to build the capacity of individuals to generate income and a reinforced need for timely action in a transition to a greener economy. The update builds on the evidence collected in a long series of recently published analytical reports to review the challenges identified in SCD1 and inform the definition of the update’s challenges. The first constraint is complemented by the definition of another challenge so that not only the need to have productive jobs is highlighted, but also the poverty‐reduction prerequisite of building the income‐generating capacity of all individuals (through human, natural, and financial capital) is explicitly stated. The third constraint is also expanded to underscore Brazil’s need to address increased exposure to climate change risks in a timely manner. The update identified four development challenges that must be overcome, which are linked to three desired high‐level outcomes (HLOs). These outcomes, reflecting transformative changes that are critical to achieving the twin goals, are defined as long‐term sustained improvements in the well‐being of the poorest and most vulnerable. The HLOs are: (i) increased access to high quality job opportunities; (ii) improved households’ accumulation and use of productive assets; and (iii) reduced vulnerability to climate shocks.
Republic of Cabo Verde: Adjusting the Development Model to Revive Growth and Strengthen Social Inclusion(World Bank, Washington, DC, 2018) World Bank GroupCabo Verde’s economic achievements over the last thirty years have been spectacular and are unprecedented on the African continent. These achievements are remarkable given the unique challenges the country faces due to its small size, lack of scale for production of goods and delivery of economic and social services, remoteness, geographical dispersion, environmental fragility, and high exposure to shocks. This Systematic Country Diagnostic (SCD) presents an assessment of the main opportunities and constraints for achieving the World Bank’s twin goals in Cabo Verde. It assesses the pathways for reducing extreme poverty and raising the welfare of the poorest forty percent of the population in a sustainable manner, and identifies the main constraints for operationalizing these. The SCD is based on a review of existing documents, analysis of available data, and in-country discussions and expert interviews that took place during 2016 and 2017. The SCD focuses on the country’s development potential and challenges to meeting the objectives of poverty reduction and shared posterity. It lays the ground for the program of collaboration between Cabo Verde and the World Bank Group, namely the 2018–2021 country partnership framework.