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Office of Private Capital and Microenterprise (PCM) Broad Agency Announcement (BAA) for Catalyzing Private Investment
This Broad Agency Announcement (BAA) seeks opportunities to co-create, co-design, co-invest, and collaborate in the research, development, piloting, testing, and scaling of innovative, practical and cost-effective interventions to catalyze private investment in developing countries. The United States Agency for International Development (USAID), in conjunction with the Swedish International Development Corporation (SIDA), invites organizations, companies, and investors to participate in bolstering investment through innovative approaches that both satisfy the return objectives of the private sector while also supporting sustainable development outcomes. The opportunity to do so will be provided through Addendums issued under this BAA.
USAID created the Office of Private Capital and Microenterprise (PCM) to design, promote, and structure innovative transactions, strengthen local finance systems, and leverage private capital in emerging economies. With 82% of international capital flows already coming from private sources, the importance of private capital in achieving development impacts is elevated. Currently, there is a gap between the amount of investment needed in the countries where USAID works, and the public sector’s ability to finance these projects.
This BAA is intended to address the challenge of how to most effectively increase private investment, in a developing country where private funds currently only flow to traditional asset classes (e.g. debt and equity in sovereign and investment grade borrowers) in order to address the gap between the amount of investment needed in the countries where USAID works, and the public sector’s ability to finance these projects. Increasing private investment will require addressing problems with supply (those with funds to invest), demand (those seeking to receive finance), and intermediation (those who match supply with demand), as well as improving the overall enabling environment.
Open Period: June 22, 2018 to June 21, 2020
Eligibility Information. USAID is looking to include all types of organizations in this process – including additional donors, resource partners, and funded partners. These different roles may be filled by any organization that brings something of value to bear on the process, including public, private, for-profit, and nonprofit organizations, as well as institutions of higher education, public international organizations, nongovernmental organizations, multi-lateral and international donor organizations are eligible under this BAA/Addendum. All organizations must be determined to be responsive to Addendum’s issued under this BAA and sufficiently responsible to perform or participate in the final award type.
USAID intends to provide approximately US$12 million in total USAID funding over a five-year period. Actual funding amounts are subject to availability of funds. USAID intends to award one Cooperative Agreement pursuant to this request for application. USAID reserves the right to fund any one or none of the applications submitted.