The African Development Bank Group (AfDB) has announced the third call for proposals under the Migration and Development Fund (MMDF). The Fund provides grant amount ranging from 350,000 EUR to 500,000 EUR per project.
AfDB is inviting NGOs and migrant associations working on migration and development related activities, as well as for profit entities such as financial institutions, money transfer operators, business development companies, etc. from West Africa to apply.
The Migration and Development Fund under this call for proposals will finance new and innovative ways to reduce the costs of remittances in the West African Economic and Monetary Union (WAEMU). Other countries within the Economic Community of West African States (ECOWAS) region will be considered on a case by case basis.
This call for proposals aims to strengthen and support the development of new and innovative financial products and services which reduce the high cost of money transfers by migrants and diversifies the supply of existing financial solutions to meet the expectations of both migrants and their families in the countries of origin.
The MDF is a joint initiative of the AfDB, the French Ministry of the Interior, Overseas, Local Authorities and Immigration, the International Fund for Agricultural Development (IFAD), and the United States Agency for International Development (USAID). The Fund aims to promote and support local initiatives and those from the Diaspora aimed at improving knowledge of flows, reducing the costs of transfers, optimizing the use of the resources transferred, and supporting local development in migrant home countries.
The deadline to submit proposals is 28 February 2013. For more information, visit this link.
