Cabo Verde, a small island nation located approximately 300 miles off the west coast of Africa, is on the verge of eradicating extreme poverty.

Poverty in Cabo Verde

The country of more than 520,000 people struggled economically for years after gaining independence from Portugal in 1975, but is now prospering. Between 2015 and 2022, the percentage of the population living in extreme poverty declined by more than 50%. Although Cabo Verde’s success story has not come without challenges, such as an economic setback during the COVID-19 pandemic, the nation continues to make steady progress toward its goal of ending extreme poverty by 2026.

The Strategies Behind Cabo Verde’s Success

Several factors have contributed to Cabo Verde’s progress. The initiatives below highlight how government and nongovernmental organizations have played key roles in helping the nation combat extreme poverty.

• National Strategy for the Eradication of Extreme Poverty (ENEPE) 2022–2026. Launched in response to the economic downturn caused by the 2020 pandemic, this initiative focuses on reducing inequality through investments in infrastructure, education and direct support for vulnerable populations.
  
• Transport Sector Reform Project. This project focuses on rehabilitating roads across the country, connecting once-isolated communities in Cabo Verde. Improved infrastructure has made it easier for people to access health care and education while ensuring safer transport of goods nationwide.
  
• Access to Finance for Micro, Small and Medium-Sized Enterprises Project. This initiative has been especially valuable following the COVID-19 pandemic and the resulting economic slowdown. It provides financial support to small and medium-sized businesses, helping them recover and expand.
  
• Education and Skills Development Enhancement Project. This initiative has awarded scholarships and grants to about 2,000 young people aged 18 to 30 across Cabo Verde, helping to expand opportunities and reduce youth unemployment.

A Model for Africa and Beyond

Cabo Verde’s journey shows that even small nations can achieve significant progress when policies prioritize people, education and equal opportunity. While challenges remain, the nation’s success demonstrates that extreme poverty can be overcome through inclusive growth, strategic investments and strong partnerships. As Cabo Verde continues to build on its achievements, it stands as a beacon of hope for its citizens and for nations across Africa and the world striving for a brighter, more equitable future.

– Fernanda Nilson

Fernanda is based in North Charleston, SC, US and focuses on Good News for The Borgen Project.

Photo: Flickr