[{"bbox": [72, 106, 362, 136], "category": "Section-header", "text": "### 3.5 The Intervention Logic"}, {"bbox": [83, 176, 1170, 310], "category": "Text", "text": "The underlying intervention logic for this action is that through the provision of general budget support, the EU will be contributing to the country's recovery during its worst crisis since independence. This engagement will send a strong signal of support and trust that will further contribute to consolidate its strategic partnership with Cabo Verde. It will also contribute to create the conditions for the expansion towards EU blending and guarantees as key instruments to support the country's development."}, {"bbox": [83, 334, 1170, 413], "category": "Text", "text": "An important assumption for the realisation of the objectives of this action consists in the resumption of the pre-COVID-19 macro-economic growth path after a 2/3 year recovery period, primarily based on the reactivation of the international tourism sector as of 2022."}, {"bbox": [83, 441, 1170, 522], "category": "Text", "text": "In accordance with the objective of the MIP this action will support the national institutions to strengthen the response to the COVID-19 crisis ensuring citizen's rights and to reduce inequalities, while creating an enabling environment to pave the way for an inclusive green growth model."}, {"bbox": [83, 547, 1170, 708], "category": "Text", "text": "The use of budget support as the implementing modality of this action ensures that alignment with national policies and systems is guaranteed, while parallel implementing and reporting procedures are avoided and transaction costs limited. A high level strategic policy dialogue with the Vice Prime Minister, Minister of Finance, business development and digital economy is combined with a sectoral engagement with leading departments and institutions on the performance tranches. This action will allow the EU to keep a prominent role in the national Budget Support Group and to steer the related multi donor policy dialogue."}, {"bbox": [83, 733, 673, 758], "category": "Text", "text": "At the level of results, the action intends to focus on three areas:"}, {"bbox": [120, 786, 1096, 843], "category": "List-item", "text": "- supporting specific measures for improved public finance management (PFM) and Domestic Resource Mobilisation (DRM),"}, {"bbox": [120, 847, 1168, 997], "category": "List-item", "text": "- supporting reforms and regulations to create an enabling environment for transformative investments in 'green economy' particularly in transition to renewable energy, 'blue economy', sustainable tourism and circular economy. Incentives will also be provided to the coexistence and complementarity of different touristic products in the country, under common 'green' principles such as 'clean' energy, recycling and protection of biosphere reserves."}, {"bbox": [120, 1000, 1102, 1059], "category": "List-item", "text": "- promoting and supporting national measures to fight inequality, exclusion and the national target of eradicating extreme poverty and supporting gender equality policies including through girl's education."}, {"bbox": [1040, 1663, 1159, 1687], "category": "Page-footer", "text": "Page 17 of 28"}]