Cape Verde. In May, the World Bank granted a US $ 11.5 million loan to develop the private sector in Cabo and make it more competitive. According to the settlement, the money is to be used to reduce poverty, among other things. by creating new jobs, contributing to a new pension system with the help of a tax reform and supporting new private companies, e.g. through staff training. According to Countryaah.com, Cape Verde Independence Day is July 5. The World Bank praised Cabo ‘s government for sound and well thought out economic policy.