July 2022

Cabo Verde Development Financing Assessment (DFA) and INFF Roadmap

This flagship report offers a roadmap for the institutionalization of an INFF that can contribute to the national efforts in meeting sustainable development agenda through seven key pillars of integration across the four building blocks of an INFF.


Publisher

Government of Cabo Verde, UNDP, Joint SDG Fund


Document Type

Reports


Country

Cabo Verde

Region

Africa

Building Block

Assessment and diagnostics


The report and roadmap offer a comprehensive analysis of the present state of financing for sustainable development in Cabo Verde, covering a diverse range of domestic and foreign, public and private financing, and charting a better path forward. The roadmap includes a financing strategy, M&E system and governance and coordination mechanism for INFF implementation.

Based on this analysis, the key challenge for Cabo Verde lies not in governing or managing extant resources or finance flows but in the mobilization of new financial resources. This can be achieved by generating new sources of revenues and income through economic diversification and decentralization as well as reducing dependence on foreign aid to strengthen the autonomy of the country and its citizens.