[{"bbox": [79, 106, 1151, 305], "category": "Text", "text": "A recent evaluation of the 2016-21 Good Governance and Development Contract (GGDC - June 2021) highlights that the 'budget support' modality has demonstrated remarkable advantages as compared to other aid modalities, allowing the EU and the government of Cabo Verde to establish a more structured dialogue, better articulating the country's development strategy with the EU cooperation strategy. The GGDC contributed to the macroeconomic stability of the country, thanks to the transfers to the public treasury and to policy dialogue in the context of the Joint Reviews. Those transfers allowed the increase of budgetary space for the financing of discretionary public expenditure. The GGDC made as well an important contribution to support the PEDS implementation."}, {"bbox": [1041, 1663, 1159, 1687], "category": "Page-footer", "text": "Page 16 of 28"}]