IDA Credit: US$10 million
TERMS: Maturity = 40 Years; Grace Period = 10 Years
Program Description: The Fourth Poverty Reduction Support Credit (PRSC-4) aims to support the implementation of Cape Verde's first Growth and Poverty Reduction Strategy (GPRSP-I). This one-tranche operation is a transitory one between the first and the second PRSC series, which will be based on the GPRSP-II finalized by the Government at end of May 2008. The policy dialogue and the results-based framework under PRSC-4 focus on the following pillars of the GPRSP-I: (i) promote good governance; (ii) develop human capital; and (iii) improve the effectiveness and sustainability of the social protection system.