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Tender Details
- Country: Tanzania
- Summary: Quantity Surveying Consultancy
- TZT Ref No: 107226240
- Deadline: 25 Sep 2024
- Competition: ICB
- Financier: World Bank (WB)
- Purchaser Ownership: Public
- Tender Value: Refer Document
- Notice Type: Tender
- Document Ref. No.: 0002011315
- Purchaser's Detail :
- Description :
- Project Background and objectives The International Finance Corporation(“IFC”),the private sector arm of the World Bank Group (“WBG”), fosters sustainable economic growth in developing countriesby financing private sector investment, mobilizing private capital in local andinternational financial markets, and providing advisory and risk mitigationservices to businesses and governments. Private sector financial development isessential to the promotion of successful and sustainable economies in low- andmiddle-income countries around the world. Sound and efficient financial marketscan ensure that resources are allocated where they are most productive,assisting job creation and spurring economic growth. The Financial Institution Group (“FIG”)at IFC has three main objectives: 1) financial inclusion 2) servicing the realeconomy and 3) mobilizing third-party resources. Through the financialinclusion initiatives, IFC helps to increase the availability and affordabilityof financial services both for corporate entities and individuals. Ourpriorities are, inter alia, to strengthen bank and non-bank financialinstitutions, develop financial infrastructure, and improve the legal as wellas regulatory framework. One the of IFC-s global initiatives associated with increasingfinancial inclusion is focused on improving access to housing finance forlow-income people. Housing is a basic human need. Adequate shelter is centralto improving the lives of people and is positively correlated with wealthcreation, higher educational attainment, and overall social stability. And yet,lack of adequate housing is one of the biggest challenges facing Africa today. According to the World Bank the vastmajority (an estimated 70 percent) of Tanzanians work in the informal sectorand build their houses incrementally over an average time span of 8-15 years,using savings and microcredit loans diverted to housing. Also, availability ofhousing microfinance in Tanzania is limited and there is a need to develop ...
- Documents :
Purchaser : WORLD BANK(WB)
TZ - Tanzania
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