Call for Proposals: Capital Markets Development Trust Fund 2023 Annual Budget & Work Program

For African Government Agencies, Financial Institutions, Regional/Local Investors, Regional/Local Institutions etc

The Capital Markets Development Trust Fund (CMDTF) aims to promote the development of African capital markets by providing technical assistance. Specifically, CMDTF seeks to: improve capital markets’ regulatory and legal environment; upgrade market infrastructure; diversify products; and broaden the investor base.

CMDTF’s operations complement the African Development Bank’s efforts to mobilize resources through domestic financial markets while advancing the Bank’s High 5 operational priorities.

CMDTF’s operations are financed by the Netherlands’ Ministry for Foreign Trade and Development Cooperation and the Ministry of Finance of Luxembourg.

As per the CMDTF Operational and Procedures Guidelines (March 2022), the Fund’s Secretariat is pleased to announce a Call for proposals for the CMDTF 2023 Annual Budget & Work Program.

The terms and conditions are outlined below:

Areas Of Interventions

> Capital markets’ regulatory & legal environment (30%) – Capital markets development strategies | Capital markets framework upgrades

> Capital markets infrastructure (20%) – upgrade of stock exchanges and bond auction systems

> Diversification of capital markets products and services (30%) – Green bonds and asset-backed securities/securitization | small and medium enterprises capital markets instruments | thematic instruments

> Broadening capital markets’ investor base (20%) – African capital markets compliance with offshore jurisdictions | Capital markets data transparency | Capacity-building for institutional investors and banks.

> Knowledge dissemination – Production of flagship reports on capital markets development | Knowledge events on capital markets development in West Africa.

Targeted Recipients

> Stock exchanges

> Local/regional capital markets authorities

> Local/regional institutional investors and their regulators

> Central banks

> Regional member countries, Ministries of finances, Debt Management Offices

> African government institutions involved in capital markets development

> Ministries of regional integration

Eligible Activities

> Capital markets soft/hard infrastructure development to modernize the functioning of targeted clients /recipients.

> Workshops and seminars to build consensus/understanding/skills among stakeholders for appropriate policy, regulatory and institutional reforms.

> Policy, regulatory and institutional reforms to assist design and implement specific reforms, including studies, roadmaps, and masterplan.

> Capacity-building activities to strengthen the capacity of targeted clients in the design and execution of Capital Markets development projects and programs.

> Knowledge products and services, including sector studies, establishing trade knowledge platforms, market information systems, disseminating best practices in the field of capital markets development, etc.

Additional Projects Information

> Geographical restriction: African Development Bank regional member countries with a priority focus on West Africa

> Duration: 2023-2026

> Deadline for submission: 2 February 2023

Application Procedures

> Interested applicants are invited to complete the attached form (in French or English );

> Queries or clarifications may be sent via email to [email protected][email protected]; or [email protected] with “CMDTF Call For Proposals November 2022” in the subject line;

> Applications should be submitted electronically to [email protected] or [email protected] or [email protected] with [email protected] and [email protected] in copy. The subject should read: [Country/Region] – CMDTF Call for proposals November 2022;

> Proposals can be submitted in English or French.

Review And Evaluation Of Proposals

> Applications will be reviewed and graded according to the objectives and priorities of the Fund Applicants may visit African Development Bank website for further information.

> Where necessary, shortlisted applicants may be contacted for additional information;

> All applicants will be notified of the results of the selection process within three months following the application deadline;

> Please note that submitting an application does not guarantee that the project will be selected for financing.

Request forms (in French and English) are attached here.

 

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