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| Source: | Contracts Finder |
| Notice Type: | Award notice |
| Buyer: | Foreign Commonwealth and Development Office |
| Main Category: | Services |
| Procurement Method: | Open procedure (above threshold) |
| Tender Status: | Closed |
Pipeline status
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Application Deadline
2 February 2024
Closed
Estimated Value
£8,000,000
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| £8,000,000 |
| Release Date: | 6 December 2024 |
| Application Deadline: | 2 February 2024 |
| Contract Start Date: | 14 November 2024 |
| Contract End Date: | 13 November 2028 |
| Contract Duration: | 4.1 years |
| Procurement ID (OCID): | ocds-b5fd17-33438dc8-2a25-458e-8ae1-f5faa20d41d1 |
| Notice Reference: | e42b2971-fa93-4820-857a-f49271dcf5c1-808674 |
View Original Notice
Access the full notice on the official portal
Awarded to
| Award value: | £8,000,000 |
| Award decision date: | 14 November 2024 |
| Award status: | Active |
Following competition through an Open route to market, a successful provider has been selected and a a contract awarded to them to deliver the following programme: The FSp aims to enable greater financial resilience and economic opportunities for individuals and businesses in AMS through wider availability of useful and affordable financial services, particularly for MSMEs and women ('financial inclusion '). Financial inclusion is uneven among AMS, with some countries still having a persistently high percentage of adults without an account at a financial institution. Digitalisation of the sector is improving access to and use of financial services across ASEAN, but barriers remain, and these can be higher for women and MSMEs. Barriers in some AMS include low financial or digital literacy, lack of trust / gaps in consumer protection, shallow capital markets and limited access to international payments. The intended outcome of the FSp is that AMS adopt and implement ASEAN-led policy recommendations and reforms that promote financial inclusion in the region. The programme will do this by providing expert support to ASEAN and AMS. Additional information: Additional information can be obtained from the above-mentioned address.
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