Investing in Employment in the Middle East and North Africa Region

Approach and Structure

The SANAD Fund for MSME’s dedicated technical assistance policies and procedures ensure strict separation between project development and management and implementation on the ground. Clear procurement guidelines guarantee maximum transparency in resource allocation – e.g. when selecting consultants for technical assistance projects – and quality in terms of consultant experience and expertise.

SANAD’s Technical Assistance Facility (TAF) is structured independently from the Fund as a Fiduciary Arrangement under Luxembourg law. Oversight and final project approval rests with the Technical Assistance Facility Committee, which represents the TAF donors. Advisor to the Fund is Finance in Motion.

Initial funding for the TAF was assured by the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Union and has seen additional donations from Switzerland´s State Secretariat for Economic Affairs (SECO) and from the Austrian Development Bank (OeEB).

 
Initiated by
 
http://www.kfw-entwicklungsbank.de/
 
 
Funded by
 
  • http://www.bmz.de/
  • http://ec.europa.eu/
  • http://www.kfw-entwicklungsbank.de/
 
 
Advised by
 
  • http://www.finance-in-motion.de/