The Government of Cape Verde requested support from ACBF towards the establishment of the Strategic Transformation and Policy Center (STPC) to provide technical leadership in the process of social and economic transformation. At its 33rd Regular Meeting in May 2005 the Executive Board approved a grant of US$1 million to STPC.
The goal of the Strategic Transformation and Policy Center (STPC) was to provide technical and advisory support to the Government of Cape Verde, the private sector and civil society while undertaking policy analysis and capacity-building programs for the management of the ongoing policy reforms in Cape Verde. The project had four specific objectives:
- To strengthen human capacity of the public sector, the private sector and civil society;
- To strengthen human capacity in the public sector, the private sector and civil society;
- To produce a forum for interface and to facilitate ongoing dialogue and coordination among various stakeholders and sectors; and
- To build the knowledge base of key sectors and disseminate relevant information for the strategic transformation of Cape Verde.