Provision of Administrative and Financial Management Services to FSD Mozambique

Description

The Financial Sector Deepening Moçambique (FSD Moc) is a facility providing greater access to financial services for more men, women and businesses in Mozambique, particularly in rural areas. FSDMoc has achieved an important role in the Mozambican financial sector, which will continue through a transition from programme to an independent legal institution. In the longer term, the plan is to establish FSDMoc as a Foundation. However, the legal process for creation of Foundations is currently subject to legal and political discussion and it is uncertain how long this process will take. In the meantime, FSDMoc has been established as a Cooperative as an effective interim measure. DFID is contracting a service provider for up to 1 year to: 1) Continue to manage DFID funds to FSDMoc in this transition period in order to ensure continuity of staffing and delivery of results with a contingency to tackle emerging issues due to COVID-19 delays as well as response to COVID19 2) Build the capacity of the Cooperative including establishing, embedding and monitoring implementation of policies and systems so that DFID has the necessary assurances to enter into an Accountable Grant agreement with the Cooperative at the end of this contract.