Business Excellence for Sustainability and Transparency (BEST) Phase II Activity
ID: 357321Type: Posted
Overview

Buyer

Philippines USAID-Manila (USAID-PHI)

Award Range

$10M - $10M

Eligible Applicants

Unrestricted

Funding Category

Other

Funding Instrument

Cooperative Agreement

Opportunity Category

Discretionary

Cost Sharing or Matching Requirement

Yes

Original Source

https://grants.gov/search-results-detail/357321
Timeline
    Description

    The Philippines USAID-Manila is offering a funding opportunity through the Business Excellence for Sustainability and Transparency (BEST) Phase II Activity, aimed at enhancing the capacity of small and medium-sized enterprises (SMEs) in Mongolia. This initiative focuses on improving energy efficiency, corporate governance, and institutional support for SMEs, while also addressing economic vulnerabilities and promoting sustainable practices within the sector. The program is particularly significant as it seeks to diversify Mongolia's economy beyond mining and combat governance issues such as corruption, with an estimated total funding of $10 million available over five years. Interested applicants can reach out to Howard Weston at hweston@usaid.gov, and the application deadline is set for February 12, 2025.

    Point(s) of Contact
    hweston@usaid.gov
    Files
    Title
    Posted
    BEST.pdf
    The USAID Business Excellence for Sustainability and Transparency (BEST) Phase II Activity aims to enhance the capacity of small and medium-sized enterprises (SMEs) in Mongolia, focusing on energy efficiency, corporate governance, and institutional support. A funding opportunity has been announced with an estimated total of $10 million over five years, inviting applications for a cooperative agreement. The program will strengthen government and civil society capabilities to effectively advise SMEs and promote sustainable practices within the sector. The initiative addresses Mongolia's economic vulnerabilities and seeks to diversify its reliance on mining, while simultaneously combating governance issues such as corruption. The program will prioritize training in various areas, including financial literacy and operational efficiency, particularly for women-owned and marginalized groups. USAID seeks innovative collaboration with local actors and emphasizes monitoring, evaluation, and sustainability in its approach. This activity reinforces USAID's broader strategies to aid economic growth and governance in Mongolia, aligning with U.S. foreign policy goals in the Indo-Pacific region.
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