Engagement

SCAF partners have to go through a three-step process in order to get support from the facility:

1 ENGAGEMENT

Any party may express an interest in obtaining support at any point throughout the operational phase of SCAF. Interested entities are invited to submit a proposal once the Agent has conducted a preliminary check of the eligibility for SCAF II support. Additional guidance for project proposals can be found on the SCAF website. There are no specific deadlines or cut-off dates other than when the available budgets are fully committed. Once an approval in principle has been issued, the potential SCAF partner proceeds to the due-diligence stage.

2 DUE DILIGENCE

Upon approval of submitted proposals, each interested potential partner has to undergo the SCAF II due diligence procedure as a condition precedent for formal contractual engagement. For the due diligence, the SCAF partner will follow a standardized process, similar to the one adopted by DFIs. After final approval, the SCAF Agent will start contract negotiations.

3 ONGOING ENGAGEMENT

Once contracted, the SCAF partners have to report on their progress through the following means:
  • Quarterly progress reports with financial information
  • Regular conference calls with the management of SCAF partners
  • Annual meetings which serve as a platform for the exchange of experiences
  • Audited financial statements and confirmation letter for SCAF-financed expenses from auditor