Western Balkans Engines of Growth Activity: Call for Expressions of Interest to Facilitate Financing to SMEs
The overall purpose of the USAID Engines of Growth (EoG) Activity is to facilitate Western Balkans (Albania, North Macedonia, Montenegro, Bosnia and Herzegovina and Serbia) small and medium enterprise (SME) resilience, growth, and job creation by improving their access to and utilization of appropriate finance. EoG will help mobilize capital in order to sustain viable SMEs and jobs in the wake of COVID 19 in the near term, and will promote improved SME growth financing in the long term.
Expressions of Interest (EoI)
Due to the challenges posed by the pandemic, many SMEs in the Western Balkans struggling to hold on to their markets and to access much needed liquidity to stay in business. To accomplish this objective EoG seeks to identify a local pool of financial consultants and consulting companies (ie. Business Advisory Service Providers (BASPs) with expertise and capabilities in strategic business planning, financial analysis and financial engineering, etc. to mobilize capital to viable SMEs with the primary purpose of restoring productivity and retaining employment. Local BASPs may be engaged directly, or through convening organization(s) such as associations or chambers. BASPs will work through a pay for results (P4R) schedule which is an umbrella term for initiatives that pay upon the accomplishments of an agreed upon result. Under P4R, the EoG Activity will set financial or other incentives for BASPs to deliver predefined outcomes, and then provide the agreed rewards upon achievement and verification of the results (ie. certain amount of financing mobilized or restructured, etc).
EoI Submission Deadline: December 16, 2020, 5:00 PM Washington DC Time
The full Call for EOI can be found via the apply button.