Publication:
Cabo Verde Country Climate and Development Report

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2025-01-15T12:50:48Z
dc.date.available2025-01-15T12:50:48Z
dc.date.issued2025-01-15
dc.descriptionThe World Bank Group’s Country Climate and Development Reports (CCDRs) are a core diagnostic that integrates climate change and development. They help countries prioritize the most impactful actions that can reduce greenhouse gas (GHG) emissions and boost adaptation and resilience, while delivering on broader development goals. CCDRs build on data and rigorous research and identify main pathways to reduce GHG emissions and climate vulnerabilities, including the costs and challenges as well as benefits and opportunities from doing so. The reports suggest concrete, priority actions to support the low-carbon, resilient transition. As public documents, CCDRs aim to inform governments, citizens, the private sector and development partners and enable engagements with the development and climate agenda. CCDRs feed into other core Bank Group diagnostics, country engagements and operations, and help attract funding and direct financing for high-impact climate action.
dc.description.abstractCabo Verde’s climate exposure, partly also because of its geography, is compounded by economic vulnerabilities. The country has experienced robust economic growth since the early 1990s and achieved a substantial reduction in poverty, but growth has been volatile and has slowed in recent years. Reflecting the comparative advantage of its attractive natural geography, growth has primarily been driven by the tourism sector, which accounts for a quarter of gross domestic product (GDP), over half of exports, and most foreign direct investment. For similar reasons, the archipelago is heavily reliant on imports, notably those of fuel and food. High levels of remittance and concessional international financing serve to bridge its external financing needs, but they generate additional external vulnerabilities. Adding to this, although recurrent fiscal deficits have recently resorbed, public spending is rigid, and public debt remains above 100 percent of GDP. The COVID-19 pandemic put Cabo Verde’s external vulnerabilities on display, causing a steep decline in tourism revenue and a surge in the food and fuel import bill before the economy returned to pre-pandemic conditions in 2023. This CCDR analyzes how Cabo Verde can build climate resilience and stimulate low carbon development, while identifying key enablers. The Country Climate and Development Report (CCDR) estimates the projected economic and social damage from climate change in chapter 1. The report then proceeds to a discussion of the country’s relevant institutional and legal framework in chapter 2, the main ways in which a climate-resilient economy can be achieved at the water-land nexus and through the blue economy and infrastructure systems in chapter 3, the green transition in the energy, transport, waste, and digital sectors in chapter 4, the core actions to support the private sector and people to become more climate shock-resilient though social protection, and finally, the skills needed for, and the strengthening of, the health system in chapter 5. Chapter 6 brings together the recommendations presented in the earlier chapters, estimating their costs and benefits and modeling their effects on the economy.en
dc.identifierhttp://documents.worldbank.org/curated/en/099011425053533766/P5004571ab149c0831bd201e73fbf70a940
dc.identifier.doi10.1596/42687
dc.identifier.doihttps://doi.org/10.1596/42687
dc.identifier.urihttps://hdl.handle.net/10986/42687
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesCCDR Series
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subjectCLIMATE-RESILIENT ECONOMY
dc.subjectBLUE ECONOMY
dc.subjectSOCIAL PROTECTION
dc.subjectHEALTH SYSTEMS
dc.titleCabo Verde Country Climate and Development Reporten
dc.typeReport
dspace.entity.typePublication
okr.date.disclosure2025-01-15
okr.date.doiregistration2025-04-14T11:50:36.261704Z
okr.date.lastmodified2025-01-15T00:00:00Zen
okr.doctypeCountry Climate and Development Report
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099011425053533766/P5004571ab149c0831bd201e73fbf70a940
okr.guid099011425053533766
okr.identifier.docmidP500457-ab149c65-20d3-4583-bd20-e73fbf70a940
okr.identifier.externaldocumentum34445789
okr.identifier.internaldocumentum34445789
okr.identifier.report196347
okr.import.id6349
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099011425053533766/pdf/P5004571ab149c0831bd201e73fbf70a940.pdfen
okr.region.administrativeWestern and Central Africa
okr.region.countryCabo Verde
okr.statistics.combined1062
okr.statistics.dr099011425053533766
okr.statistics.drstats854
okr.topicEnvironment::Adaptation to Climate Change
okr.topicHealth, Nutrition and Population::Climate Change and Health
okr.topicPublic Sector Development::Climate Change Policy and Regulation
okr.topicSocial Development::Social Aspects of Climate Change
okr.unitAFR ENR PM 1 (SAWE1)
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