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RFP Cross Border Loan Mechanism: Market Mapping and Solutions Manufacturing, Finance & Insurance, Government, Education & Training RFP Cross Border Loan Mechanism: Market Mapping and Solutions
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RFP Cross Border Loan Mechanism: Market Mapping and Solutions

United Nations Capital Development Fund has announced on 09 Feb 2021 that is accepting bids for the following project: RFP Cross Border Loan Mechanism: Market Mapping and Solutions.

The tender will take place in Costa Rica and will cover the Manufacturing industry.

The value of this project has not been disclosed by the donor and you can apply until Deadline date

After the deadline, Global Database will announce the contract award for RFP Cross Border Loan Mechanism: Market Mapping and Solutions. In order to stay up-to-date with this tender and also to receive daily notifications about similar projects, you can subscribe to our newsletter for free.

Bellow you can find more information about the tender description and the bidding procedure.

Location: Costa Rica, Eritrea, Cambodia, Turkey, Chad, Côte d'Ivoire, Cyprus, Samoa, Slovenia, Cayman Islands and other 167 countries

General information

Donor:

United Nations Capital Development Fund

Industry:

Manufacturing

Finance & Insurance

Government

Education & Training

Status:

Accepting bids

Timeline

Published:

09 Feb 2021

Deadline:

09 Mar 2021

Value:

Not available

Contacts

Name:

Kim Sax

Phone:

Not available

Description

https://www.ungm.org/Public/Notice/121848
Description

Anecdotal evidence over many years shows that financial barriers unfortunately all too often prevent refugees from accessing complementary pathways for admission. UNHCR labor mobility partner Talent Beyond Boundaries recently published in their evaluation that a typical refugee applicant would need to pay EU 8,600-9,500 for economic immigration avenues to Canada, Australia, or the UK. These include fees for applying for visas and/or tests (language, DNA, etc.), travel costs to attend visa interviews, costs for translation and certifications, and travel costs to the third country once granted admission. Many refugees, despite having the required qualifications, skills, and experience, are unable to cover these costs.

Unfortunately, to date, no widely available financial mechanism exists to support refugees in covering the incidental costs associated with complementary pathways opportunities.  Moreover, microfinance experts consulted confirm that a transborder loan mechanism through which the refugees would be able to borrow money in one country and return it in another does not currently exist.

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