Promoting Fintech Sector in MENA

This updated version of the NOFO (v2) revises the language to indicate that there is only one priority area and also revises the question submission due date from April 15, 2019 to April 21, 2019. The initial language on page 2 of the NOFO indicated that "Applicants may submit only one (1) application for each priority area however applications can be either for single or multi-country projects. The revised language on page 2 of version 2 of the NOFO has been updated to reflect that "Applicants may submit only one (1) application, which can be either for a single or multi-country project." The initial language on page on page 21 indicated a question submission deadline of January 2, 2019 at 17:00:00 eastern time. The revised langauge on page 21 of version 2 of the NOFO has been updated to reflect a question submission deadline of April 21, 2019 at 17:00:00 eastern time. The initial application deadline was detailed as May 20, 2019 at 17:00:00 eastern time. The revised application deadline due to the changes delayed above has been pushed to May 23, 2019 at 17:00:00 eastern time. - Aligned with the Department of State's regional strategic objective of promoting increased employment, economic growth and U.S. economic and commercial engagement, this funding opportunity seeks to advance this strategic objective through a focus on development of the region's financial technology (Fintech) sector. The initiatives supported under this opportunity will promote the Fintech industry through partnerships, technical assistance, and joint ventures with the private sector from the United States and other regions. Initiatives will encourage the formalization of Fintech enterprises, develop and implement business strategies and models for economic growth, and enhance the development of the entrepreneurial ecosystem for Fintech in the region. Through this funding opportunity, NEA/AC seeks to develop this emerging market and promote U.S. economic interests by encouraging the U.S. private sector to both invest in and facilitate partnerships in the Fintech sector in the MENA region.