Opportunity Information: Apply for DOS ABJ FY23 02
The U.S. Embassy in Abidjan (U.S. Mission to Cote d'Ivoire), under the Department of State, is soliciting proposals through an open, discretionary grant competition titled "Bolstering the Ability of African Governments to Conduct Sovereign Debt Negotiations" (Funding Opportunity Number: DOS ABJ FY23 02). The opportunity focuses on helping African governments strengthen how they prepare for, negotiate, and manage sovereign debt and related commercial transactions, particularly when dealing with non-traditional official lenders. The core idea is to provide practical, hands-on transaction advisory support alongside longer-term capacity-building so governments can secure better terms, understand risks more clearly, and improve overall economic governance.
The program is regionally focused on Africa, with specific countries and locations to be determined in consultation with the African host governments that would receive the advisory services and training. Rather than being limited to a single fixed country, the project is structured to be deployed where the need and government buy-in align, allowing activities to be tailored to each participating government's context. The grant is designed to support work that fits within the Department of State-USAID Joint Regional Strategy goal of improving economic governance and regional integration for trade and investment, including supporting implementation of the African Continental Free Trade Agreement. In practice, the grant is meant to strengthen the institutional and technical foundations that influence how governments contract debt and structure major deals, which in turn can affect fiscal stability and the broader investment climate.
The Embassy lays out two main policy and program objectives. First, the project should empower host governments to negotiate effectively with non-traditional official lenders. This typically implies support that improves negotiation readiness, strengthens the government's position at the bargaining table, and increases the ability to evaluate and compare financing options, terms, and contingencies. Second, the project should enhance African debtor countries' understanding of debt contracting with non-traditional official lenders. This objective points to capacity-building that demystifies debt instruments, clarifies contractual obligations, and improves comprehension of legal, financial, and sovereign risk implications embedded in loan agreements and related commercial contracts.
The activities prioritized under the grant include transaction advisory services and capacity-building for African government entities. Transaction advisory services generally refer to specialized technical assistance that can help governments analyze deal structures, assess the full cost of borrowing, identify problematic clauses, model fiscal impacts, evaluate procurement and financing alternatives, and improve negotiation strategies. Capacity-building complements this by focusing on longer-lasting improvements, such as training relevant officials, strengthening internal processes and governance, and improving institutional coordination so governments are better equipped to handle future negotiations without relying solely on outside expertise.
From a funding and award structure standpoint, the opportunity lists an award ceiling of USD 4,937,500 and anticipates making one award. The instrument type is a grant, and the funding activity category is listed as "Other" (with additional clarification referenced in the original notice). The CFDA (Assistance Listing) number associated with the opportunity is 19.989. Eligibility is listed broadly as "Others," signaling that applicants may include a wider range of organizations than standard categories, although the specific eligibility details would be clarified in the full solicitation instructions.
Key administrative details include a posting/creation date of July 7, 2023, and an original closing date of August 10, 2023. Overall, the opportunity is aimed at enabling African governments to approach sovereign debt and major commercial transactions with stronger technical capacity, better information, and more leverage in negotiations with non-traditional official lenders, supporting improved economic governance and more sustainable financing outcomes across participating countries.Apply for DOS ABJ FY23 02
- The Department of State, U.S. Mission to Cote d Ivoire in the other (see text field entitled explanation of other category of funding activity for clarification) sector is offering a public funding opportunity titled "Bolstering the Ability of African Governments to Conduct Sovereign Debt Negotiations" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 19.989.
- This funding opportunity was created on Jul 07, 2023.
- Applicants must submit their applications by Aug 10, 2023. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $4,937,500.00 in funding.
- The number of recipients for this funding is limited to 1 candidate(s).
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
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