Cape Verde Compact
as of September 30, 2010
- Total Grant Value:
- Total Amount Committed:
- Total Amount Expended:
Expenditures are the sum of cash outlays and quarterly accruals for work completed but not yet paid or invoiced.
July 4, 2005
- Entry into Force:
October 17, 2005
- Program Completed:
October 17, 2010
|Project||Estimated Beneficiaries||Estimated Benefits|
|Private Sector Development Project||900||$2,000,000.00|
|Watershed Management and Agriculture Support Project||900||$10,000,000.00|
The above estimates are based in the best, currently available, information and may be updated if new, reliable, data are available.
The total beneficiary count for the Compact may not be the sum of the different project beneficiary counts because of overlaps between Projects. In other words, some beneficiaries benefit from more than one project but are counted only once in the total beneficiary count.
Total benefits expected from each project are obtained from the ERR analysis MCC conducts during due diligence. Beneficiary counts, although consistent with benefit streams identified in the economic analysis, are not necessarily derived from these models (which are concerned with costs and benefits rather than beneficiaries). MCC estimates and reports expected beneficiaries when sufficiently reliable data exists to support the estimation. If such evidence is lacking, no estimation is attempted, resulting in an underestimation of projected beneficiaries for the Compact. Calculating the amount of benefit per beneficiary would therefore give an overestimation and can be misleading.
To increase integration of internal markets and reduce transportation costs in the medium to long term by:
|Private Sector Development Project||
To support Cape Verde’s credit and securities markets by:
|Watershed Management and Agriculture Support Project||
To increase agricultural productivity in three rural intervention watershed areas by:
Projected Results by End of Compact
The Cape Verde compact aims to achieve the following results by the end of the compact in October 2010:
- Increase the incomes of beneficiaries by USD $10 million over the five year life of the projects (USD $3 million Watershed Project, USD $6 million Infrastructure Project and USD $1 million Private Sector Development Project);
- Increase horticultural productivity in the a) Paul watershed (island of Santo Antao) from 6 tons per hectare to 9 tons per hectare, b) Faja watershed (island of San Nicolau) from 10 tons per hectare to 14 tons per hectare and the c) Mosteiros watershed (island of Fogo) from 8 tons per hectare to 11 tons per hectare;
- Construct a total of 28 reservoirs in the Paul, Faja and Mosteiros watersheds;
- Rehabilitate 3 roads (40 kilometers) on the island of Santiago and construct 4 bridges on the island of Santo Antão, and
- Increase gross loan portfolio of participating MFI’s by 45 % (from USD $ 223,101 in 2005 to USD $ 323,000 in 2010).
Results to Date
Information on results to date is available in the Table of Key Performance Indicators (a subset of the full set monitored under the Cape Verde Monitoring and Evaluation Plan). The full set of performance indicators is detailed in the Monitoring and Evaluation Plan.
Impact Evaluation Framework
In addition to careful monitoring of implementation performance and measurement of preliminary results, three impact evaluations are underway on the Watershed Management and Agricultural Support Project, the Roads and Bridges Activity of the Infrastructure Project, and the Port Activity of the Infrastructure Project. More information is available in the Monitoring and Evaluation Plan.