# Transparency in Debt Accrued by State-Owned Enterprises

Source: https://welltoldgrants.com/grants/af-mwi-fy22-01-transparency-in-debt-accrued-by-state-owned-enterprises/  
Official notice: https://www.grants.gov/search-results-detail/339856

> U.S. Mission to Malawi offered grants of up to $50,000 to nonprofits. It expected to make about 20 awards worth $50,000 in total. Applications closed on July 15, 2022.

| Field | Value |
|---|---|
| Opportunity number | AF-MWI-FY22-01 |
| Agency | U.S. Mission to Malawi |
| Status | Forecast |
| Deadline | July 15, 2022 |
| Award ceiling | $50,000 |
| Award floor | not stated |
| Expected awards | 20 |
| Total funding | $50,000 |
| Cost sharing | not required |
| Assistance Listings | 19.662 |

## Who can apply

- Nonprofits that do not have a 501(c)(3) status with the IRS, other than institutions of higher education

Not-for-profit organizations, including civil society/non-governmental organizations, public and private educational institutions, individuals, public international organizations, and governmental institutions.

## What the grant funds

U.S. Embassy Lilongwe announces this Notice of Funding Opportunity (NOFO) for a Fiscal Transparency Innovation Fund (FTIF) grant up to $50,000 to examine debt accrued by state owned enterprises (SOEs) in Malawi. The project will result in an increase in transparency and public oversight of SOE debt. Increased transparency will benefit the Malawian economy by compelling the SOEs, which account for a large part of the country’s economic activity, to run more efficiently and to reduce irresponsible and possibly corrupt debt accruement. The period of performance is maximum of twenty-four monthsU.S. Embassy Lilongwe announces this Notice of Funding Opportunity (NOFO) for a Fiscal Transparency Innovation Fund (FTIF) grant up to $50,000 to examine debt accrued by state owned enterprises (SOEs) in Malawi. The project will result in an increase in transparency and public oversight of SOE debt. Increased transparency will benefit the Malawian economy by compelling the SOEs, which account for a large part of the country’s economic activity, to run more efficiently and to reduce irresponsible and possibly corrupt debt accruement. The period of performance is maximum of twenty-four months. Malawi has 71 SOEs that play a significant role in the economy and that provide important public goods like water, electricity, and education. SOEs are also involved in regulation, fair trade enforcement, and quality assurance. However, SOE finances are opaque and overall statistics on profits and losses are not easily available. SOEs can take on debt to cover losses, and the government of Malawi has on occasion used general budget funds to pay down SOE debt. The Ministry of Finance and Economic Affairs annual debt report provides limited information on loan guarantees to SOEs and debt levels or payment status. The lack of transparency in the accrual and payment of SOE debt makes public oversight of SOE finances very difficult for watchdog civil society organizations (CSOs) and journalists. The U.S. Department of State 2021 Fiscal Transparency Report states that Malawi’s fiscal transparency would be improved by disclosing all SOE debt.

## Questions people ask

### Is AF-MWI-FY22-01 still open?

No. It closed on July 15, 2022.

### Who can apply for Transparency in Debt Accrued by State-Owned Enterprises?

U.S. Mission to Malawi accepted applications from nonprofits. The notice adds further conditions, so read its eligibility section.

### What is the deadline for Transparency in Debt Accrued by State-Owned Enterprises?

Closed July 15, 2022. Applications are no longer accepted; the program's newer notices are on this page when there are any.

### How much funding is available?

Awards of up to $50,000 each. About $50,000 in total across about 20 awards.

### Who has won Fiscal Transparency Innovation Fund grants before?

The largest recipients over five fiscal years were Corporacion Participacion Ciudadana Ecuador, Financial Services Volunteer Corps, Seitim. The program made 8 awards worth $2.3 million in that time.