This is the fourth comparative study of SOE performance in the Pacific undertaken by the Asian Development Bank (ADB), and the first to include island countries from the Atlantic Ocean (Republic of Cabo Verde, or “Cabo Verde”), the Caribbean (Jamaica), and the Indian Ocean (Mauritius). This expansion of the study was specifically requested by the Pacific island countries to provide a more global benchmark for their SOE sectors. The study assesses SOEs’ impact on the participating countries’ economies, and identifies key performance drivers and reform strategies to guide future policy action. A key theme is finding the balance between the roles of the public and private sectors.
Cabo Verde is a small island country comprised of an archipelago of ten islands, located off the coast of Western Africa. Unlike many of its neighboring countries, Cabo Verde is known for being a stable country, with no history of political coups or social conflicts. Despite its recent graduation from the list of the United Nation’s Least Developed Countries, the government of Cabo Verde continues to face great challenges due to the country’s insularity and high vulnerability to exogenous shocks.
A Continental Perspective
This study is a product of the Africa Infrastructure Country Diagnostic (AICD), a project designed to expand the world’s knowledge of physical infrastructure in Africa. The AICD provides a baseline against which future improvements in infrastructure services can be measured, making it possible to monitor the results achieved from donor support. It also offers a solid empirical foundation for prioritizing investments and designing policy reforms in Africa’s infrastructure sectors.
The focus of the AICD country reports is on benchmarking sector performance and quantifying the main financing and efficiency gaps at the country level. These reports are particularly relevant to national policy makers and development partners working on...