Cape Verde, Jan. 12 -- The World Bank approved a $13.30 million concessional financing through the International Development Association (IDA) for Cabo Verde's renewable Energy and Improved Utility Performance Project (REIUP). The operation is co-financed by a $1.2 million concessional loan and $0.41 million grant from the Canada Clean Energy and Forest Climate Facility (CCEFCF), as well as a $0.4 million reimbursable grant from the Global Infrastructure Facility (GIF).The financing will support Cabo Verde to accelerate its clean energy transition and achieve universal access to electricity.Cabo Verde has made significant progress in energy access, achieving 98% coverage and bringing reliable electricity to nearly the entire population. The...