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. Request forms (in French and English) are attached here.
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 CLIENTS/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.
OTHER PROJECTS REQUIREMENTS
Geographical restriction: African Development Bank regional member countries with a priority focus on West Africa
Duration: 2023-2026
Deadline for submission: 20 January 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 a.kakou@afdb.org; h.rajhi@afdb.org; or m.jaotody@afdb.org with "CMDTF Call For Proposals November 2022" in the subject line;
Applications should be submitted electronically to a.kakou@afdb.org; m.jaotody@afdb.org; or h.rajhi@afdb.org with cmdtf_secretariat@afdb.org and a.attout@afdb.org 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 www.afdb.org/cmdtf 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.
TECHNICAL ASSISTANCE REQUEST TO THE CAPITAL MARKETS DEVELOPMENT TRUST FUND (CMDTF)
