The GIF is now accepting applications for Project Definition and Project Preparation and Structuring support. The application process involves several, iterative steps—designed to ensure effort invested in preparing project applications is well-spent, by first identifying whether a proposed project appears likely to be consistent with the GIF’s eligibility and selection criteria before committing the time and resources needed to develop a detailed GIF Application. These steps are described below. For more information, or to discuss a potential project please contact the GIF Management Unit at firstname.lastname@example.org
WHO CAN APPLY?
The GIF’s project preparation support is provided to governments in Emerging Markets and Developing Economies (EMDEs), and delivered by the GIF’s Technical Partners. As such, GIF applications should be submitted by prospective client governments, with support and in coordination with one or more Technical Partner as needed. Technical Partner or Government teams are also welcome to reach out to the GIF team individually to ascertain whether a project might be eligible (by completing a project overview, as described further below—if a Government is interested in GIF support but is not already working with a Technical Partner, the GIF team will be happy to connect them.
GIF project support applications should be submitted jointly by the national or sub-national government ministry, department, agency, or publicly-owned entity that will be the main government counterpart for the GIF Activity, and one or more GIF Technical Partner. All applications should be accompanied by a letter of support for the project and the proposed GIF Activity from a representative of the ministry or ministries responsible for planning and/or financing of public investments at the national level—typically, the Ministry of Finance, of Economy, or of Planning, depending on country-specific mandates.
The GIF application process is started by submitting a “Project Overview” for the proposed project or infrastructure investment program. This overview should take no more than an hour or two to complete, and includes sufficient project details to confirm eligibility and initially check against selection criteria, as well as brief information on current project status and likely needs. A Project Overview may be submitted to the GIF Management Unit by a government directly, or by a GIF Technical Partner team on behalf of a Government. The GIF Management Unit will review the project overview, discuss the project with its proponents, and consult with other Technical Partners active in the region. Potentially eligible candidates will be invited to submit an application for Project Definition Support or Project Preparation and Structuring Support, as appropriate for the project status.
GIF Project Definition Activities support technical assistance in defining and initially assessing an infrastructure project or program intended for private investment, and planning for detailed project preparation work. For example, this could include:
- Finalizing a sector or infrastructure investment program strategy and prioritizing potential projects;
- Project and program-level “pre-feasibility” analysis--that is, technical, economic, financial, and commercial analysis to identify the main project parameters and key risks; identify and exclude possible “fatal flaws”; and provide reasonable confidence that the project will be viable;
- Legal, regulatory, and institutional assessment to identify reforms required for projects to be implemented successfully; and
- Detailed project planning for the preparation and implementation process, as needed to complete an application for GIF Project Preparation and Structuring Support.
Project Definition support is provided on a grant basis. The scope should be defined as fits the needs of the project or program, but is typically expected to reach a total of no more than $500,000. Project Definition Activity requests will be reviewed by the Management Unit for completion, before being submitted for approval as described below. Approval will be based on consistency of the project with GIF requirements as well as the adequacy of the proposed scope of work to result in a well-defined project or program ready to move to the next stage.
GIF Project Preparation and Structuring Activities can support the full range of detailed technical, financial, and legal preparation and appraisal work; support to transaction implementation, and continued advisory support to the Government as needed through reaching financial close. If applying for a Project Preparation and Structuring Activity, the presumption is that adequate pre-feasibility analysis has been completed; if this is not the case, GIF Project Definition support may be requested to fill identified gaps. The application asks applicants to flesh out the information already contained in the Project Overview by providing more detail on three key aspects:
- Evidence and rationale for the compliance of the GIF project with the selection criteria;
- Project status and preparation work completed so far; and
- The proposed scope of the GIF Activity, by project stage in the context of a clear, credible, and comprehensive plan for completing project preparation and bringing the project through to successful close.
The Management Unit will review each application for consistency with GIF requirements and completeness, as well as potential consistency of the proposed GIF Activity with portfolio diversity targets, given the GIF’s existing portfolio of Activities. If there are gaps or more information is required, the GIF Management Unit will liaise with the prospective client Government and supporting Technical Partners as needed to complete the application, before submitting for approval as described below.
Completed applications for GIF project definition, preparation or structuring support will be submitted for approval as follows: - All activities over $500,000, require approval by the GIF’s Governing Council. The applying government and all Technical Partners involved will be notified of the Governing Council’s decision within four weeks of completion of the GIF application - Activities under $500,000 are approved by the Management Unit. In these cases, applicants will be notified of the MU’s approval within two weeks of acceptance of a complete application.