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IDB invites proposals for $$M community projects
The Inter-American Development Bank (IDB) is seeking proposals from local civil society and non-government organisations to fund innovative, community-based projects, starting from US$300,000 ($60M) to a maximum of US$750,000 ($150M).
According to the bank, project proposals should focus on highly innovative solutions that will solve community problems and support community-based development.
Organisations will have the opportunity to pitch and present their most innovative solutions to the IDB, and the winners will get support to incubate, develop or scale up those solutions.
“This year’s Call for Proposals places emphasis on the IDB Strategy for Social Innovation in the two categories; Financing Productive Development of Microenterprises and Strengthening Prevention Against Community Violence.”
IDB said that the project solutions must focus on innovative approaches that will target poverty reduction and social development activities that respond directly to the needs of socially and economically disadvantaged people, stimulate widespread civil society stakeholder group participation at the community level and pilot partnerships with CSOs (civil society organizations) as implementing agencies to reach groups currently not being reached by other programmes.
“Local and international civil society organizations legally constituted and registered in Guyana with a minimum of five years since legal constitution and registration under either the Friendly Societies Act, Companies Act or Trust Deed and the ability to prove their financial soundness by evidence of the latest external audit report of the financial statements, no later than 2011 are eligible to apply.”
The IDB has posted call documents on its website and started accepting questions for clarifications from May 15th – 28th. Applicants can submit their questions by email to nexso@iadb.org.
The IDB will start a competitive process to accept innovative project concepts from June 10th. The IDB Guyana Country Office will host briefing sessions in Georgetown, Berbice and Linden between May 27th and June 6th – open only to organisations that meet the minimum of five years legal constitution and registration to clarify the submission process, eligibility requirements, assessment criteria and proposal writing tips.
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