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Strategic Tourism Transaction and Investment Advisor for Boa Vista Island; Cabo Verde


  • SOLICITATION NUMBER: 0002003782
  • INSTITUTION:  IFC
  • ASSIGNMENT LOCATION: Cape Verde
  • ISSUE DATE AND TIME: Sep 18,2023 05:37
  • CLOSING DATE AND TIME: Oct 02,2023 23:59

Tourism is Cabo Verde’s leading sector and is a key driver of economic growth; accounting for about 25% of GDP. The outlook for the sector is positive and its sustainable future requires both growth and resilience. It is the government’s objective to facilitate this growth in a well-planned and sustainable manner; maximizing linkages and local economic development.  In Boa Vista Island; a number of tourism zones have been identified for development and reflected in the Municipal Plan for Boa Vista (“Plano Director Municipal da Boa Vista;” or PDM; adopted in 2012 and ratified in 2014). These zones have been awarded to the “Sociedade de Desenvolvimento Turístico das Ilhas de Boa Vista e Maio” (SDTIBM) for the purposes of packaging and promoting them to resort investors.The objective of this assignment is to build capacity at SDTIBM and other relevant agencies to create and implement best practice Zone Development and Investment Action Plans; supported by strong legal frameworks. IFC will support the Government of Cabo by procuring the services of a qualified firm to provide technical assistance to SDTIBM and other relevant authorities as needed. International Finance Corporation (IFC); a sister organization of the World Bank and member of the World Bank Group (WBG); is the largest global development institution focused exclusively on the private sector in developing countries. IFC fosters sustainable economic growth in developing countries by financing private-sector investment; mobilizing private capital in local and international financial markets; and providing advisory- and risk-mitigation services to businesses and governments. A full description of the advisory and investment offerings of IFC is available at www.ifc.org.

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