Local Champions Inititative (Lci) Financial Management Consultancy and Support to... Tender

Procurement Summary

Country : USA

Summary : Local Champions Inititative (Lci) Financial Management Consultancy and Support to Lci Implementation

Deadline : 03 Oct 2024

Other Information

Notice Type : Tender

TOT Ref.No.: 107728241

Document Ref. No. : 0002011564

Competition : ICB

Financier : World Bank (WB)

Purchaser Ownership : Public

Tender Value : Refer Document

Purchaser's Detail

Name :Login to see tender_details

Address : Login to see tender_details

Email : Login to see tender_details

Login to see details

Tender Details

1. BACKGROUNDInvestingin Fragile and Conflict-affected Situations (FCS) and low-income IDA countriesin Africa presents significant challenges for IFC, primarily due to thecharacteristics of local corporates. The investment landscape in these Africanmarkets is complex and fraught with unique difficulties, such as transactions beingtypically smaller, more costly, and requiring longer periods to complete.Limited understanding of Environmental, Social, and Governance (ESG)international best practices compared to host country laws, as well as thewillingness of sponsors to allocate budget and resources to improve theirpractices, pose significant barriers to investors. Issues with data reliabilityand accessibility introduce integrity due diligence and reputational risks.These challenges make it difficult to find committed sponsors who adhere to thebusiness and ESG standards required by private sector investors. AboutFCS AfricaTheIFC-s FCS Africa unit is dedicated to bolstering private sector development in FCSacross Africa. This is achieved by providing the additional resources andexpertise necessary to enhance the capabilities of upstream, advisory, andinvestment teams, thereby enabling more responsible and sustainable investmentsin challenging markets. The FCS Africa team focuses on developing approachesacross three key pillars:Supporting domestic private sector growth, Working in forced displacement settings, andDelivering on IFC-s commitment to conflict sensitivity.Locallyowned companies are pivotal in FCS regions, fostering stability and resilience, creating jobs, delivering essential goods and services, and promoting economicempowerment. In addition to leveraging IFC-s full range of advisory andinvestment services, the FCS Africa team has developed specialized toolstailored to meet the unique challenges of engaging with the domestic privatesector in FCS regions. The Local Champions Initiative (LCI) In 2022, FCS Africa, in coordination with MAS, launched the LocalChampi...

Documents

 Tender Notice