The International Development Finance Corporation (DFC) awarded a $397,275 firm-fixed price purchase order to Financial Markets International, Inc. (FMI), a small business subchapter S corporation, to assess the effectiveness of DFC's Loan Portfolio Guaranties (LPGs) in increasing access to finance for agricultural small and medium enterprises (SMEs) in sub-Saharan Africa. The contract has a period of performance from February 2024 to May 2025. FMI has significant experience implementing economic development programs for U.S. government agencies, including USAID, DFC, and the Millennium Challenge Corporation. The assessment aims to analyze how the LPGs influence partner bank lending activities, growth, strategic direction, product development, and risk appetite in the agriculture sector. This contract is tied to a larger $7.5 million indefinite delivery contract FMI holds with DFC's Office of Equity & Investment Funds to provide technical assistance and advisory services related to blended finance solutions and private capital mobilization in emerging markets.
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