IFAD Call for Proposals 2010: Remittances for Development

The International Fund for Agriculture and Development (IFAD) under its Financial Facility for Remittances (FFR) has announced the call for proposals for the year 2010 on Promoting innovative remittance systems and investment channels. This call specifically seeks to promote access to remittances in rural areas, linking remittances and rural financial services and productions

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IFAD Call for Proposals 2010 to reduce poverty through remittances -1

In 2009, the International Fund for Agriculture and Development announced its first call for proposals around the world for implementing innovative remittance systems in rural areas for increasing financial access for the poor people. The call was issued after successfully piloting a project under the Programme for Rural Development through Remittances in partnership

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IFAD Call for Proposals 2010 to reduce poverty through remittances -2

IFAD’s Finance Facility for Remittances (FFR), as a multi-donor facility, under the 2010 call for proposals, will provide funding support to projects and activities that will “reduce the transfer costs of remittances, develop institutional partnership, bank the unbanked rural population, promote innovative remittance and financial services and promote productive rural investment of migrants’

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IFAD Call for Proposals 2010 to reduce poverty through remittances -3

IFAD’s FFR 2010 Call for Proposals is open to all types of innovative ideas. It has also identified themes and topics under which projects can be proposed:

Mobile Financial Services: Under this topic, projects can be proposed for enhancing remittances and linking rural people with financial services through the use of mobile applications.

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IFAD Call for Proposals 2010 to reduce poverty through remittances -4

The eligibility criteria under this 2010 IFAD call for proposals seek to invite NGOs, public or governmental organizations, for-profit entities and cooperatives or credit unions. For-profit agencies are encouraged to build partnership with NGOs to develop joint proposals. This can also be an opportunity for small NGOs lacking skills to develop proposals to

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