Bolstering the Ability of African Governments Draft Scope of Work (SOW).docx

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Bolstering the Ability of African Governments to Conduct Sovereign Debt Negotiations
Opportunity number
DOS-ABJ-FY23-02
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This scope of work document outlines a proposed project to bolster the ability of African governments to negotiate effectively with non-traditional official lenders on sovereign debt and commercial transactions. The project would be carried out over 36 months with priority given to activities in Africa. It involves providing transaction advisory services and capacity building to empower host governments and enhance understanding of debt contracting. Key objectives include developing debt management strategies, engaging creditors to restructure debt, and training officials on negotiating with non-traditional lenders. Activities would consist of legal and technical advisory interventions, workshops, and reviews of loan documentation. Performance would be measured by the number of agreements initiated with creditors and officials trained. The related federal grant opportunity is solicitation number DOS-ABJ-FY23-02 from the Department of State at the US Embassy in Abidjan, assigned under federal grant program 19.989 for State/African Regional Other Economic Support Funds projects.

Bolstering the Ability of African Governments Draft Scope of Work (SOW)

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Scope of Work (SOW) (Draft until finalized) Red text indicates content the Applicant must enter or update.

Blue text indicates drafting guidance and instructions.

Applicant Name/Recipient Name
Name of Applicant Organization/Name of Recipient Organization
NOFO Title/Project Title
Bolstering the Ability of African Governments to Conduct Sovereign Debt Negotiations
Federal Assistance Listing Number
19.989
Period of Performance
36 months

U.S. Embassy Policy/Program Strategic Goals and Objectives

U.S. Embassy Abidjan announces an Open Competition for organizations interested in submitting applications for projects that support the provision of transaction advisory services and capacity-building to African governments in their dealings with non-traditional official lenders.

Overall, grant-making authority for this project is contained in the Foreign Assistance Act of 1961, as amended.

U.S. Embassy Program Background and Description
U.S. Embassy Abidjan announces an open competition for organizations to submit applications to carry out a new program designed to bolster the ability of African governments to negotiate effectively with non-traditional official lenders on sovereign debt and commercial transactions. Priorities include the provision of transaction advisory services and capacity-building activities for African government entities.
Project Location
Priority region is Africa. Locations for proposed activities would be selected in consultation with African host governments receiving the transaction advisory services and capacity-building programs.
Project Goals and Objectives
In line with the Department of State-USAID Joint Regional Strategy objective to “improve economic governance and regional integration for trade and investment, including the implementation of the African Continental Free Trade Agreement,” projects should bolster the ability of African governments to negotiate effectively with non-traditional official lenders.

Projects should be designed to achieve the following U.S. Embassy Policy/Program Objectives:

Objective 1: Empower host governments to negotiate effectively with non-traditional official lenders.

Objective 2: Enhance African debtor countries’ understanding of debt contracting with non-traditional official lenders.

Objective 1
U.S. Embassy Policy/Program Objective 1: Empower host governments to negotiate effectively with non-traditional official lenders through the provision of demand-driven transaction advisory support for African governments.

Applicant Project Objective 1: XXX

Objectives of the project should be SMART:

· Specific: Detailed and specifies what will be achieved

· Measurable: have associated metrics or measurements of success

· Attainable: appropriately challenging, objectives can be reasonably attained give the available resources

· Relevant: align with the policy/program goal and appropriate within the country or beneficiary audience

· Time-Bound: achievable within the timeframe of the project

Activities To achieve the goals and expected results, projects should include the following:

· A review of the requesting government’s debt to develop a detailed understanding of the composition and potential legal exposure related to such debt.

· The provision of legal analysis and recommendations to requesting governments related to the restructuring of these debts, including an assessment of the risks and benefits of different courses of action and strategies.

insert activities/suggested actions here:

· XXX

· XXX

· XXX

To achieve the goals and expected results, projects could include the following: insert activities/suggested actions here:

· XXX

· XXX

· XXX

Expected Results Specific results could include the following:

· Host governments develop debt management strategies.

· Host governments can engage with creditors and implement new financing arrangements to restructure sovereign debt.

· XXX

· XXX

· XXX

Performance Indicators

· Number of new fair and balanced lending and restructuring agreements with non-traditional creditors initiated and concluded by governments supported by the project.

· XXX

· XXX

· XXX

Inputs (resource and time requirements)

· XXX

· XXX

· XXX

Outputs (actions completed and/or items produced)

· Number of transaction advisory interventions conducted by legal and technical advisors on behalf of African governments.

· XXX

· XXX

· XXX

Data should be disaggregated as follows:

· XXX

· XXX

· XXX

Targets (measurable; quarterly and/or other milestones)

· XXX

· XXX

· XXX

Outcomes (results or changes caused by these activities):

· Host governments can negotiate effectively with non-traditional official lenders, resulting in improved economic governance and decreased external debt.

· XXX

· XXX

Objective 2
U.S. Embassy Policy/Program Objective 2: Enhance African debtor countries’ understanding of debt contracting with non-traditional official lenders.

Applicant Project Objective 2: XXX

Objectives of the project should be SMART:

· Specific: Detailed and specifies what will be achieved

· Measurable: have associated metrics or measurements of success

· Attainable: appropriately challenging, objectives can be reasonably attained give the available resources

· Relevant: align with the policy/program goal and appropriate within the country or beneficiary audience

· Time-Bound: achievable within the timeframe of the project

Activities To achieve the goals and expected results, projects should include the following:

· In-person or virtual trainings on key issues for African government officials related to contracting with non-traditional lenders.

· Country-specific reviews and evaluations of loan documentation to ensure alignment with the best practices highlighted in the trainings.

insert activities/suggested actions here:

· XXX

· XXX

· XXX

To achieve the goals and expected results, projects could include the following: insert activities/suggested actions here:

· XXX

· XXX

· XXX

Expected Results Specific results could include the following:

· African borrowers have an enhanced understanding of non-traditional official lenders, negotiation strategies to be adopted with such lenders, and the impact of specific contractual provisions found in non-traditional lending documentation.

· XXX

· XXX

· XXX

Performance Indicators

· Number of trained African government officials reporting an increase in knowledge and skills in sovereign debt management as a result of the capacity-building activities.

· XXX

· XXX

· XXX

Inputs (resource and time requirements)

· XXX

· XXX

· XXX

Outputs (actions completed and/or items produced)

· Number of workshops conducted for African government officials.

· XXX

· XXX

· XXX

Data should be disaggregated as follows:

· XXX

· XXX

· XXX

Targets (measurable; quarterly and/or other milestones)

· XXX

· XXX

· XXX

Outcomes (results or changes caused by these activities)

· Host government officials have an enhanced understanding of debt contracting with non-traditional official lenders, resulting in improved economic governance and decreased external debt.

· XXX

Sustainability
Applicant’s plan for continuing the program beyond the grant period, or the availability of other resources, if applicable. Include ways program activities will ensure sustainability.

Note: To ensure sustainability, all transaction advisory support activities (Objective 1) should include a capacity-building component. In addition, participants in the capacity-building workshops (Objective 2) should be provided with access to online training and reference materials after the immediate intervention has concluded.

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