SAILING ROUGH SEAS - Accelerating Growth and Fostering Resilience to Climate Change in Cabo Verde - Country Economic Memorandum June 2023

Jul 19, 2026

Comprehensive country economic analysis examines Cabo Verde’s growth dynamics and links them to climate-related vulnerabilities, focusing on how to accelerate development while strengthening resilience. The report positions macroeconomic, trade, and investment policies within broader disaster and climate shock considerations, supported by World Bank framing and structured chapters. It also introduces key concepts and terminology used throughout the memorandum, enabling consistent interpretation of findings and policy recommendations.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages115

Reading Time4 h 50 min

Executive Summary

Chapter 1. A Portrait of Growth: Dynamics, Drivers, and Constraints

Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized SAILING ROUGH SEAS Accelerating Growth and Fostering Resilience to Climate Change in Cabo Verde Country Economic Memorandum © 2023 The World Bank 1818 H Street NW, Washington DC 20433 Telephone: 202-473-1000; [Internet: www.worldbank.org](Internet: www.worldbank.org) Some rights reserved This work is a product of the staff of The World Bank. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given. Attribution—Please cite the work as follows: “World Bank. 2023. Sailing Rough Seas: Accelerating Growth and Fostering Resilience to Climate Change in Cabo Verde. Country Economic Memorandum. © World Bank.” All queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: [pubrights@worldbank.org](pubrights@worldbank.org). CABO VERDE Country Economic Memorandum 1 Report No: AUS0003221 SAILING ROUGH SEAS Accelerating Growth and Fostering Resilience to Climate Change in Cabo Verde Country Economic Memorandum June 2023 Macroeconomics, Trade, and Investment Global Practice AWCF1 Country Management Unit West and Central Africa Region The World Bank Group 2 CABO VERDE Country Economic Memorandum ACKNOWLEDGMENT This report was prepared by a team led by José-Daniel Reyes (TTL and Senior Economist, EAWM1), Rosa Brito Delgado (Co-TTL and Economist, EAWM1), and Anna Carlotta Allen Massingue (Co-TTL and Economist, DFCII) . Chapter 1 was written by Jose Daniel Reyes (Senior Economist, EAWM1) and Pablo Bejar (consultant, EAWM1) . Chapter 2 was written by Besart Avdiu (Economist, ETIIC) and Maíra Gonzales (Consultant ETIIC) . Chapter 3 was written by Daniel Saslavsky (Senior Economist, ETIRI) and Daniel Van Tujill (Consultant, ETIRI), with contributions of Rosa Brito Delgado (Economist, EAWM1) . Chapters 4 and 5 were written by Oscar A. Ishizawa (Senior Disaster Risk Management Specialist, SAWU1) and Rafael Van der Borght (Senior Consultant, SAWU1), with contribution of Jin Rui Yap (Consultant, SAWU1) and Joaquin Muñoz-Díaz (Consultant, SAWU1) . The team is grateful to Kiryl Haiduk (Senior Economist, CMCCE) for thoughtful comments and to Cristina Navarrete (Senior Private Sector Specialist, EAWF1) and Antonio Baptista (Senior Private Sector Specialist, EAWF1) for valuable suggestions to the first module of the report. The report was prepared under the overall guidance of Nathan Belete (Country Director, AWCF1), Eneida Fernandes (resident Representative, AWMCV), and Theo Thomas (Practice Manager, EAWM1) . Helpful comments were also received from Daniela Marotta (Lead Economist, EAWM1) and Edouard Al-Dahdah (Lead Country Economist, EAWDR) . Fiona Hinchcliffe (Consultant, EAWM1) provided excellent editorial support. Administrative and operations support was provided by Theresa Bampoe (Program Assistant, EAWM1) and Micky O. Ananth (Operations Analyst, EAWM1) . The report benefitted from the comments of Cabo Verdean authorities, and discussions with representatives of the private sector and academia. The team is particularly g

FAQs

What is the main purpose of the Cabo Verde Country Economic Memorandum?

It analyzes growth dynamics in Cabo Verde and emphasizes how economic acceleration can be paired with strengthened resilience to climate-related shocks.

Which areas does the report focus on?

It concentrates on macroeconomics, trade, and investment, linking these themes to climate and disaster risk considerations.

How is the report organized for readers?

It includes an Executive Summary, followed by chapter-based analysis and supporting acronyms and abbreviations to clarify terminology used throughout.

Jul 19, 2026

Upload by Emma Wilson