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Iraq Credit and Grant Facility (ICGF)

Published on AidPage by IDILOGIC on Jun 24, 2005
Administered by:

Agency for International Development, Overseas Missions, Iraq (CPA) USAID-Baghdad
(see all US Federal Agencies)

Explore all postings for this grant program:
  • Original Grant - Nov 23, 2004
Applications Due:

Jan 24, 2005
This is a DRAFT Program Description for the USAID/Baghdad Iraqi Credit and Grants Facility (ICGF) program. This draft is being issued for COMMENTS ONLY, which are due before COB November 30, 2004.

total funding: $30,000,000
max award: $30,000,000
min award: $0
cost sharing, matching: No
number of awards: 1
type of funding: Cooperative Agreement
Description:

The U.S. Agency for International Development (USAID) intends to issue a Request for Agreement (RFA) for USAID/Baghdad to solicit proposals from qualified organizations interested in implementing a project to create and manage an Iraqi Credit and Grants Facility. The program will support the Private Sector Development office of the U.S. AID Mission/Baghdad and the Office of Iraq Reconstruction in the Asia and Near East Bureau.
Prospective grantees shall layout a proposed design for the establishment and management of an Iraqi Credit and Grants Facility. USAID envisions a program that results in an independent, sustainable organization providing loan capital to the domestic market in Iraq. This could be in the form of an independent or quasi-governmental organization. The grantee shall set up an organizational structure to manage and operate the Facility, and establish a governing board. Bidders should plan for an exit strategy and a complete turn-over of the institution to Iraqi control after the conclusion of the award period.
The grantee will recruit and train the Facility?s management and staff and provide for their continued oversight and training during the two year period of the grant, eventually handing complete control of the Facility to its management and staff. The grantee shall develop provisions that ensure conflict of interest issues are strictly addressed for fund management, staff, and board members. The majority of the TA in this RFA will be for management of the Facility and training of Facility staff, not for training recipient organizations.
The ICGF will:
(1) Create a sustainable mechanism to enable commercial banks and microfinance institutions to meet MSME loan demand. This will represent the bulk of the program, since the creation of local, commercially-based responses to credit demand is more sustainable than grants. Loans will be repaid to the Facility on a revolving fund basis, with interest covering a significant portion of operating expenses.
(2) Support private sector development with a variety of grant programs, such as association program development and reconstruction grants. These grants will vary from less than $25,000 up to $500,000.

Who can apply:

Unrestricted

Eligible functional categories:
Funding Sources:

USAID Foreign Assistance for Programs Overseas

More Information:

Iraqi Credit and Grants Facility (ICGF) . Please note, this draft program description is being circulated for COMMENTS ONLY. No bids will be accepted unless in accordance with a formal USAID solicitation. See DRAFT PD at www.fedgrants.gov

If you have problems accessing the full announcement, please contact: Busaka, Anne

Address Info:

Agency for International Development, Overseas Missions, Iraq (CPA) USAID-Baghdad

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