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Cabo Verde’s Labour Market Diagnostic Update to Enhance Social Protection and Higher Income Opportunities

A major update is underway for Cabo Verde’s labour market information system, aimed at providing a better understanding of the current state of labour market information in the country. The diagnosis will cover various aspects, including the production and use of labour market data, as well as its dissemination to technical bodies, potential producers, social partners, and development partners.

Cross-Cutting Issues

The update is expected to contribute to:

  • Poverty eradication
  • Extending social protection coverage to the population
  • Gender equality
  • Human rights
  • Sustainable Development Goals (SDG) achievement
  • Formalizing women’s small businesses in the informal sector

The National Strategy for Sustainable Development (PEDS II) and the study on fiscal space for social protection have been used as policy instruments to inform decision-making.

Gender Sensitivity

The Junior Programme (JP) has applied a gender marker to ensure that policies and programmes do not harm women and girls. This includes:

  • Conducting gender analyses
  • Collecting data
  • Advocating for policies that promote gender equality

Strategic Partnerships

The JP has collaborated with various stakeholders in the SDG financing space, including:

  • The Stock Exchange of Cabo Verde, implementing a sustainable finance platform (Blu-X) that has raised over $26 million in capital markets
  • Non-governmental organizations (NGOs) to operationalize a digital marketplace for SDG entrepreneurship and investment

Capacity Building

The JP has facilitated closer relationships with:

  • State sectors, including the Ministry of Finance, State Secretariat for Enterprise Development, and National Statistics Institute (INEC)
  • Private sector entities, such as Chambers of Commerce, Chamber of Tourism, and trade union centers representing workers

These partnerships have provided:

  • Technical guidance
  • Positioning on key issues
  • Supply of information, including statistical data

Donor and Strategic Events

The JP has attended various donor and strategic events in 2022, including:

  • Steering committee/programme board meeting
  • Strategic partners/donors event
  • Closing meeting/event

Contribution to SDG Financing

The JP has contributed to SDG financing by:

  • Drafting a bill, strategy, or approved law increasing fiscal space for policy focus
  • Producing financing, costing, diagnostic, and feasibility analyses as a basis for investor increases spending on the SDGs

Capacity Building Activities

The JP has supported various capacity building activities that allowed people to expand their knowledge on SDG financing and International Financial Facility (INFF). These activities have focused on topics such as:

  • SDG financing
  • Social protection
  • Entrepreneurship

Overall, the update of Cabo Verde’s labour market information system is expected to provide a better understanding of the current state of labour market information in the country, while contributing to poverty eradication, gender equality, human rights, and sustainable development.