Call for Submissions
Economic Stimulus Package
Government through its Implementation and Oversight Committee is now calling for submissions from interested applicants in the areas of agriculture, fisheries, tourism and forestry industries for funding consideration under the COVID-19 Economic Stimulus Package.
Find attached the information sheet. It can also be viewed or downloaded from the Pacifictenders website.
The Stimulus Package has three overarching guiding principles including:
- Quick economic return, which means the applicant’s proposed activity for funding should have a quick turnaround preferably not more than six months;
- Significant impact to the rural and national economy by encouraging income generating activities and employment. This means the proposed activity should enjoy a good number of people and contributes hugely to the national economy through taxes, business licenses and growth in manpower resources;
- Platform for long term economic recovery post covid-19 which sets the foundation for multiplier effect from economic activity, investment and growth.
Submissions should be in the areas of agriculture, fisheries, tourism and forestry industries. Submissions should be precise and not more than five (5) pages, highlighting your rationales on why your proposal should be supported under the ESP. Relevant additional documents should be attached as annex to the submission.
Where to submit
Submissions must be clearly marked as “COVID-19 Economic Stimulus Package” and addressed to,
COVID-19 Stimulus Package Oversight and Implementing Committee
Ministry of Finance and Treasury
P.O. Box G26, Honiara, Solomon Islands
Submissions can be either mailed, hand delivered or emailed to the above address.
What to submit
Submission should contain general information of the applicant including contact, nature of your existing business structure, evidence of legal registration, history and records of previous similar undertakings, activities to be undertaken in tabulated format, purpose (what will be achieved in terms of the 3 guiding principles), expected benefits (job creation etc.), business plan, budget, revenue projections, risks factors.
Submissions must reach the above address no later than 5 June 2020. Incomplete submissions and those made after the due date shall not be considered.
To be considered for funding, submissions must clearly outline how it will achieve the three (3) guiding principles of the Stimulus Package. Information presented in the submissions mut also satisfy the specific criteria in the attached matrix.
All submissions will go through a robust screening process by a technical steering committee chaired by OPMC/MOFT. Screening will include site assessment for verification before it will process to the Implementation and Oversight Committee (IOC) for final approval.
Successful applicants will sign a legally binding contract agreement with the national Government.
If the recipient fails to comply with the ToR of the contract agreement, he/she will be liable for prosecution under the national laws of the sovereign state of Solomon Islands.
M & E
Approved projects will be subjected to on-going monitoring and evaluation schedules set by the IOC.
For further enquiries on the Stimulus Package, contact:
Economic Reform Unit (ERU)
Office of the Prime Minister & Cabinet