Project Developer, Remittances
Procurement Process
IC - Individual contractor
Office
UNDP COUNTRY OFFICE - SOUTH AFRICA
Deadline
28-Jul-20
Published on
25-Jun-20
Reference Number
67273
Documents
Confirmation of Interest and Submission of Financial ProposalIC TERMS AND CONDITIONS
PROCUREMENT NOTICE
TERMS OF REFERENCES
Overview
One of the fundamental challenges that threaten remittances to Africa is the high transaction cost averaging 9.4 % for sending $200 in comparison to a global average of 5% for the same amount. Getting the price of remittances to Africa down to the average cost (in line with SDG indicator 10.c ) could save $1.8bn each year, which could potentially be redirected to the social, economic and environmental development of the diaspora’s home country’s efforts to contain the multi-dimensional impact of COVID-19.
The project developer is therefor required to the development of a full-fledged project that will improve the conditions for sending remittances to Sub-saharan Africa.
(detailed terms of references can be found on th attachments)