By an IPS Correspondent
UNITED NATIONS, Mar 2 2017 (IPS)
The Perez-Guerrero Trust Fund (PGTF), which has been funding small scale projects in developing countries since 1983, is calling for new project proposals on an April 30 deadline.
The Fund has so far supported 291 projects with a total allocation of $13.7 million benefiting 127 developing countries as direct participants/beneficiaries in PGTF-supported projects and 141 developing countries as collective participants/beneficiaries.
In a letter to the New York-based Permanent Missions of developing nations, the PGTF says the maximum amount of support available for any given project in 2017 will be US$35,000.
Applications that are not submitted fully in compliance with the requirement of the model format and summary checklist will not be considered.
In the case of nationally executed projects, applications should be accompanied by letters of endorsement from the countries that will benefit directly and/or participate in the activities of this project. Such endorsement letters should contain a clear indication of the institution, as well as name, position and signature of the person providing the endorsement.
In the case of project proposals submitted by institutions (e.g., non-governmental organizations, regional and sub-regional organizations, etc.), a copy of the relevant decision of the respective governing bodies and countries involved in the project should be provided.
The letter advises applicants to familiarize themselves with the Guidelines for Utilization of PGTF before preparing and submitting a funding application.
Applications should be delivered to the following mailing address:
Executive Secretariat of the Group of 77
United Nations Secretariat Building
New York, NY 10017
United States of America
A copy of the application may also be submitted electronically to the following email address: [email protected]
The objective of the PGTF is to provide seed money for (i) financing pre-investment/feasibility studies/reports prepared by professional consultancy organizations in developing countries members of the Group of 77; and (ii) facilitating the implementation of projects within the framework of the Caracas Programme of Action on ECDC.
The list of eight priority areas set in the guidelines, as spelled out in the Caracas Programme of Action, include trade; technology; food and agriculture; energy; raw materials; finance; industrialization and technical cooperation among developing countries; plus in the Havana Programme of Action, South-South cooperation, mainly in areas relating to education, health and environment.