The United States Agency for International Development (USAID) is seeking applications for a cooperative agreement from qualified non-profit non-governmental organizations (NGOs) to implement the Lebanon Investment Initiative program. Eligibility for this award is restricted to Lebanese local entities.

The Cooperative Agreement period will run five (5) years while the investment program will run for up to 20 years from the date of the initial award. Subject to funding availability and at the discretion of the Agency, USAID intends to provide up to $38,000,000 in total USAID funding over a five-year period.

Lebanon Investment Initiative will be implemented through a Cooperative Agreement awarded to a non-profit nongovernmental organization that is a Lebanese local entity (referred as the “Recipient” or the “Grantee”). The Recipient will have extensive financial and investment management expertise in Lebanon to ensure that LII has access to appropriate technical, investment and management expertise. The Recipient will set up an Investment Management Entity (IME) as a wholly owned subsidiary of the Recipient. The IME will then be responsible for managing the program. All capital provided by the Recipient to the IME will be done through the subscription of new shares. Finally, the Recipient and the IME will execute a Management Agreement, approved by USAID, that will provide the basis and restrictions under which the IME will operate

LII will include three major components

  1. Matching equity-based capital investments for Qualified Investors and Qualified Businesses
  2. 100% Cash Collateralized Investment Insurance for Qualified Investors; and
  3. Technical Assistance for Qualified Investors and Qualified Businesses.

The Recipient will put in place appropriate and sufficient policies, practices and safeguards with regard to its relationship with the Investment Management Entity (IME) to ensure that there is a separation with regard to decision-making between personnel employed by the Recipient and personnel of the IME who may have contrary or conflicting interests.

For more information about the Grant, https://darpe.me/darpe-entries/lebanon-investment-initiative-lii/

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