Financial Services Pillar of the ASEAN Economic Integration Programme

Concepts

• foreign economic aid
• glasgow
• financial inclusion
• financial services
• greater financial resilience
• useful and affordable financial services
• low financial or digital literacy
• asean
• ‘financial inclusion
• a financial institution

Location

United Kingdom: Across ASEAN member states+ (see ToR)

Description

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.

Total Quantity or Scope

The Contract for the Services will operate for 48 months from the commencement date. The total budget available for the services to be provided under this Contract will be a maximum value of £8,000,000. There will be an optional extension (subject to specific requirements) of up to 18 months in duration and up to £4m in value. The contract will be subject to break points at the end of the inception period and on 31 March 2025.

CPV Codes

• 75211200 - Foreign economic-aid-related services

Indicators

• This is a one-off contract (no recurrence)
• Renewals are not available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** To access the tender documents, please login or register to FCDO's eTendering Portal: https://fcdo.bravosolution.co.uk If you have any technical issues with the Portal, please call the eTendering helpdesk: +44 0203 868 2859 or use the "Call me Back!" functionality (recommended, especially if contacting from outside of UK). Any issues with accessing the tender documents should also be reported to: karen.duffy@fcdo.gov.uk Any queries related to the subject of this tender must be sent via the messaging function for itt_6108 Financial Services Pillar of the ASEAN Economic Integration Programme.