Pacific Economic Growth Activity (PEG)
ID: 355253Type: Forecasted
Overview

Buyer

Philippines USAID-Manila (USAID-PHI)

Eligible Applicants

Unrestricted

Funding Category

Other

Funding Instrument

Other

Opportunity Category

Other

Cost Sharing or Matching Requirement

Yes

Original Source

https://grants.gov/search-results-detail/355253
Timeline
    Description

    The United States Agency for International Development (USAID) is forecasting a new program titled the Pacific Economic Growth Activity (PEG), aimed at enhancing economic development across the Pacific Islands. This initiative seeks to improve public financial management, support local small and medium enterprises, enhance trade and investment, and bolster climate resilience, with a focus on fostering inclusive economic growth and gender equality. The program anticipates funding between $15 million and $22 million over a five-year period, targeting regions including Papua New Guinea, Solomon Islands, Vanuatu, and several other Pacific nations. Interested stakeholders are invited to submit feedback on the draft technical requirements by July 24, 2024, to Celeste Fulgham at cfulgham@usaid.gov, ensuring that responses are directed appropriately by including "Response to PEG RFI" in the email subject line.

    Point(s) of Contact
    Celeste Fulgham Contracting/Agreement Officer USAID Pacific Islands
    63253014082
    cfulgham@usaid.gov
    Files
    Title
    Posted
    72088724-PACIFIC
    72088724-PACIFIC.pdf
    The United States Agency for International Development (USAID) issued a Request for Information (RFI) for its Pacific Economic Growth Activity (PEG), aiming to enhance economic development in the Pacific Islands. With an anticipated funding range of $15-$22 million and a five-year operational period, the program targets Papua New Guinea, Solomon Islands, Vanuatu, and other Pacific nations. This RFI allows stakeholders to provide feedback on draft technical requirements, facilitating potential partnerships and laying groundwork for future solicitation. Key objectives include improving public financial management, supporting local small and medium enterprises, enhancing trade and investment, and bolstering climate resilience. The expected results focus on increasing revenue, investment, job creation, and support for women-owned businesses, reflecting the overarching goal of fostering inclusive economic growth. USAID emphasizes gender equality, private sector engagement, sustainability, and evidence-driven development, advocating detailed proposals incorporating these elements. Responses are due by July 24, 2024, and interested parties are encouraged to provide insights on additional objectives, evidence gaps, and logistical challenges to refine the program and maximize its impact across the region. This initiative aligns with broader U.S. strategic interests and multilateral frameworks aimed at supporting sustainable growth in the Pacific Islands.
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