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Cabo Verde Transition Finance Country Pilot

Author

Listed:
  • Rachel Morris
  • Olivier Cattaneo
  • Konstantin Poensgen

Abstract

A transition finance country pilot was initiated by the OECD Development Assistance Committee (DAC) in partnership with the government of Cabo Verde. The study aims to capture the challenges facing Cabo Verde following graduation from Least Developed Country (LDC) to Lower Middle Income Category (LMIC), including the shifting financing for sustainable development landscape, the mounting risk of debt distress and the economic and environmental vulnerabilities as a Small Island Developing States (SIDS). In line with the Addis Ababa Action Agenda (AAAA), the pilot study proposes a new “ABC” approach targeted to assess all available sources of financing (ODA, OOF, private investment, domestic resources, and remittances), identify emerging SDG financing gaps and promote better alignment of resources with national financing for sustainable development strategies.

Suggested Citation

  • Rachel Morris & Olivier Cattaneo & Konstantin Poensgen, 2018. "Cabo Verde Transition Finance Country Pilot," OECD Development Co-operation Working Papers 46, OECD Publishing.
    • Handle: RePEc:oec:dcdaaa:46-en
    DOI: 10.1787/1affcac6-en
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    More about this item

    Keywords

    2030 Agenda; Addis Ababa Action Agenda; Cabo Verde; Debt sustainability; Financing for Sustainable Development; Integrated National Financing Frameworks; LDC graduation; LDCs; OECD DAC; SDGs; SIDS; Transition finance;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • F3 - International Economics - - International Finance
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F35 - International Economics - - International Finance - - - Foreign Aid
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • G2 - Financial Economics - - Financial Institutions and Services
    • H1 - Public Economics - - Structure and Scope of Government
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • I1 - Health, Education, and Welfare - - Health
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

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