Financial Crime World

Cabo Verde Makes Progress in Sustainable Development, Combating Money Laundering and Terrorist Financing

Introduction

The United Nations Joint Programme (JP) has been working to support Cabo Verde’s efforts towards achieving the Sustainable Development Goals (SDGs), combating money laundering and terrorist financing, and promoting inclusive economic growth. The program has made significant strides in developing key policies and strategies, collaborating with diverse stakeholders, and integrating gender equality and human rights into its initiatives.

Key Achievements

  • Developed the National Strategy for Sustainable Development (PEDSII) and a study on fiscal space for social protection
  • Collaborated with government ministries, private sector entities, non-governmental organizations (NGOs), and civil society groups to identify challenges and develop solutions
  • Raised over $26 million in capital markets through partnerships such as the partnership with the Stock Exchange of Cabo Verde

Focus on Gender Equality and Human Rights

  • Used gender markers to ensure that policies and programs do not harm women and girls
  • Integrated human rights indicators into initiatives, aligning with Human Rights Conventions ratified by Cabo Verde

Other Notable Achievements

  • Developed a digital marketplace for SDG entrepreneurship and investment
  • Disbursed guarantee funds for youth- and women-led small and medium-sized enterprises (SMEs)
  • Improved efficiency in program management and increased spending on the SDGs
  • Promoted private sector investment through new financial instruments to leverage additional funding for sustainable development initiatives

Conclusion

The United Nations Joint Programme’s efforts have made a significant impact in supporting Cabo Verde’s progress towards achieving the SDGs, combating money laundering and terrorist financing, and promoting inclusive economic growth. The program’s focus on gender equality, human rights, and collaboration with diverse stakeholders has been instrumental in driving positive change.

Source: United Nations Joint Programme (JP) Report