TOR WS 1.3 Business development and private sector competitiveness

There is a worldwide consensus today that innovative entrepreneurs and a robust private sector are the engines for competitiveness and national transformation, since entrepreneurship is first and foremost a question of value creation and the private sector is who competes in the global market. In short, entrepreneurship and private sector development are essential for the transformation of economies, enabling job creation, including self-employment, innovation and competitiveness, and promoting wealth creation and economic development. For a country like Cape Verde, private sector development is crucial to ensure a robust and sustained economic growth.