(MENAFN- News.Africa-Wire) ABIDJAN, Ivory Coast, December 4, 2025/ -- The Board of Directors of the African Development Bank Group () has approved a €17.71 million loan to support the second phase of Cabo Ver’e’s E-Governance and Public Financial Management Reform Programme.

The ’ank’s Board of Directors approved the financing on Monday, continuing support that began last year as the island nation seeks to leverage technology for economic growth and administrative efficiency.


The first component of the programme will advance ongoing digitisation reforms to strengthen private-sector competitiveness. Key measures include the introduction of e-Justice to digitise judicial processes, and the launch of a call for proposals to attract private operators to t’e country’s technology par‘ under the ‘digital nomads programme. Admission criteria will be developed to facilitate the establishment of digital nomads and high-growth technology firms.

The second component aims to modernise public administration and consolidate fiscal sustainability. The programme will continue to support policy actions aimed at strengthening transparency and improving the efficiency of public resource management. An action plan to rationalise tax expenditures will be developed and published, along with full estimates of annual tax expenditures in the 2026 budget to improve transparency.

The Bank will also finance a Public Expenditure and Financial Accountability assessment scheduled for the first quarter of 2026, funded through the Middle Income Countries Grant.

The Programme’s main beneficiaries include the Ministry of the Digital Economy, the Central Bank of Cabo Verde, the Institute for Gender Equality and Equity, the National Directorate of State Revenue, and the Public Procurement Regulatory Authority.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).

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