Deadline: 13-Sep-21
The Financing Facility for Remittances (FFR) of International Fund for Agricultural Development (IFAD) is pleased to announce the third round of National Calls for Proposal (Morocco) 2021: supporting remittances in times of crisis in Africa.
In this context, the FFR intervenes in Africa through the Platform for Remittances, Investments and Migrants’ Entrepreneurship in Africa (PRIME Africa), a programme co-financed by the European Union, with the aim to reduce inequality and enhance financial inclusion in Africa through the reduction of remittance costs and the maximization of their impact.
Objectives
The Call for Proposals (Morocco) 2021 finance initiatives that will support at least one of the following objectives:
- Reduce international remittance transaction costs – Contribute to reducing international remittance transfer costs and increase access to and use of transparent and gender responsive low-cost services.
- Accelerate digitization of international remittances – Accelerate the use of digital products and the digital payments ecosystem to support international remittances.
- Leverage remittances to deepen financial inclusion – Use international remittances as a conduit for increasing financial inclusion and the resilience of remittance senders and recipients.
- Expand formal channels for international remittances – Promote greater access and use of formal international remittance transfers.
Funding Information
- These National Calls for Proposals 2021 will finance grants from €150,000 up to €500,000.
Eligibility Criteria
IFAD’s FFR welcomes strategic partnerships linking for-profit entities with non-profit organizations, formal financial intermediaries, money transfer operators, microfinance institutions, financial cooperatives, postal networks, philanthropic organizations, investment funds, local and national governments, among others.
For more information, visit https://bit.ly/3eWerT2