| Country | Lesotho |
| Project Name | Lesotho Second Compact Development Program |
| Title | Partnership for Design of the Lesotho Impact Investment Fund (LIIF) and Technical Assistance Facility (TAF) |
| Ref. Number | LMDA/CD/C/03/2020 |
| Type of Service | Impact Investing Fund and Adjacent Technical Assistance Facility Development Consultancy |
| Organization | Lesotho Millennium Development Agency (“LMDA”) |
| Publication Date | September 03, 2020 |
| Concept Notes Submission Deadline | September 29, 2020 – 12:00 pm |
- The United States of America, acting through the Millennium Challenge Corporation (“MCC”) and the Government of the Kingdom of the Lesotho, acting through the Lesotho Millennium Development Agency (“LMDA”), are designing a compact to facilitate poverty-reducing economic growth in Lesotho. The compact is expected to focus on improving the Government’s infrastructure for delivering public goods and services that enable private investment, thereby catalyzing private sector investment in Basotho businesses.
- The Government of Lesotho through a Cabinet approval granted authority to LMDA to, among other activities, engage in activities towards the development of the second MCC Compact for Lesotho and intends to apply part of the proceeds toward payments under the Partnership for Design of the Lesotho Impact Investment Fund and Technical Assistance Facility. Information about the proposed compact and its related documents can be found on the MCC website (www.mcc.gov) and on the website of the MCA Entity (www.lmda.org.ls).
- LMDA, acting on behalf of the Government of Lesotho, and MCC are developing a compact to address binding constraints to economic growth through improved planning and delivery of public goods and services to enable private investment[1]. In order to address the challenge of access to finance, especially for the MSMEs and women and youth-owned businesses in the key strategic sectors of Lesotho (i.e. agriculture and high-value horticulture, creative industries, tourism and manufacturing), the compact proposes the establishment of the Lesotho Impact Investment Fund (LIIF) and Technical Assistance Facility (TAF). The former would provide funding via fit-for-purpose funding windows. The TAF would help mitigate the risks of lending and investing, and enable the success and sustainability of businesses supported by the LIIF and TAF, by providing direct technical assistance and business development services, as well as addressing ecosystem challenges that may be hindering investment in certain sectors of Lesotho’s economy
- LMDA now invites Concept Notes from eligible organizations for Design of the Lesotho Impact Investment Fund and Technical Assistance Facility.
- This process is a Program Partnership Solicitation, separate and distinct from an MCC Procurement process, and therefore does not follow the procedures as specified in the MCC Program Procurement Guidelines (PPG). The Process is as follows:
- Step 1 – Request for Partnership
- Step 2 – Pre-Application Clarification
- Step 3 – Submission of Concept Notes
- Step 4 – Co-Creation Workshop
- Step 5 – Submission of Full Proposals (Technical and Cost/Budget)
- Step 6 – Cooperation Agreement Signed
- The complete “Request for Partnership” can be downloaded from the LMDA website in this link http://www.lmda.org.ls/compact-ii/ or may be obtained by interested eligible participants upon request by email sent to the contacts provided below.
- The cooperation agreement will be signed late in 2020.
- The duration of the assignment is estimated at seven (7) months.
- Concept Notes must be submitted electronically through this link: https://ln2.sync.com/dl/016cded00#udjd4hfi-g8hv4wka-4f55txzk-8kssyvaz on or before September 29, 2020,12:00 pm Lesotho local time. Only electronic submissions will be accepted. Late submissions will be rejected.
- Contact Information:
| The emails referred to above are: | [email protected] with a copy to: [email protected] |
| Attn: | ‘Malebohang ‘Mou Interim Procurement Director |
| Tel: | +266 2231 7017 |
| Fax: | +266 223 115 16 |
| E-mail: | [email protected] with a copy to: [email protected] |
| Website: | www.lmda.org.ls |