Deadline: 19-Aug-22
The U.S. Embassy in Mongolia and the U.S. International Development Finance Corporation (DFC), in concert with AmCham Mongolia, invite you to submit a proposal for participation in a pitch event.
Priorities
Current priority sectors:
- Climate: Mitigation & adaptation
- Health: Access to quality healthcare services
- Digital/ICT: Digital economy & related infrastructure
- Food Security: Sustainable agriculture & supply chain
- Financial Inclusion: Access to financial services
- Gender: Women’s’ empowerment
What They Do
- DFC catalyzes private sector investment by providing its tools to commercially viable investments when the private sector is not willing or able to do the same.
- Investment transaction -based
- Development impact – not equipment/exports – focused
- International environmental, social & governance standards
What They Offer
- Infrastructure Financing: Limited recourse project financing for infrastructure investment, including energy, transportation and telecommunications
- Access to Finance: Corporate and structured financing for financial institutions to expand local access to capital, including SME, microfinance and mortgage lending
- Social Enterprise Program: Loans to high-impact businesses in agriculture, fintech, healthcare, and other sectors, with a focus on inclusion and economic empowerment
- USAID Mission Support: Projects meeting USAID country mission priorities are eligible for loans and credit guarantees
Criteria
Eligible projects must meet these basic requirements:
- Does the project or business comply with DFC’s environmental and social standards?
- DFC requires that all the projects it supports respect the environment, worker rights, human rights, and local communities, while also encouraging a positive host country impact. Visit Investment Policies to learn more.
- Does the project or business generate development outcomes aligned with the agency’s priorities and/or advance U.S. foreign policy goals?
- DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. Through its investments, DFC also advances American foreign policy by serving as a stabilizing force in developing countries around the world, including some of the world’s poorest countries and regions affected by conflict.
- Does the investor or business have a successful track record in the industry?
- All projects DFC supports must be within the management team’s competence and should be demonstrated by a recent, proven record of success in the same or a closely related business as evidenced by financial statements.
- Has the investor or business sought financing from private lenders?
- DFC complements, rather than competes, with private sector lenders and supports projects that have been unable to obtain sufficient support from private lenders.
For more information, visit https://mn.usembassy.gov/rfp-081222/