Supporting Private Sector Growth in Algeria

The summary for the Supporting Private Sector Growth in Algeria grant is detailed below. This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants. Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed as the Grant Announcement Contact. If any section is incomplete, please visit the website for the Assistance Coordination, which is the U.S. government agency offering this grant.

Supporting Private Sector Growth in Algeria: MEPI seeks proposals that promote private sector growth in Algeria by supporting the private sector's access to finance. Successful applications should propose a strategy to work with established networks of BSOs, build the capacity of SMEs to access finance, and work with lenders to develop financial products and services tailored to the needs of SMEs.Previous MEPI programming coalesced a taskforce and network of BSOs; and facilitated the creation of an Economic Reform Agenda (ERA) that presented recommendations for business and economic reform in Algeria. Successful applications will specifically address recommendation three in the ERA, "Financing Economic Activity," in support of the following objectives:- Strengthen the capacity of banks and financial institutions for better business services. [Objective 8 in the ERA]- Extend and diversify financing options for businesses. [Objective 9 in the ERA]- Bolster the business and financial acumen of high-growth SMEs to help them gain access to finance.Successful applications shall clearly and succinctly outline a detailed plan for how each objective will be achieved and how monitoring and evaluation data will be collected and analyzed. Successful applications shall also demonstrate a strong capacity to establish partnerships and work with SMEs, BSOs, and traditional and/or non-traditional lenders or investors.