Contract award · 14 Nov 2024

Financial Services Pillar (FSp) of the ASEAN Economic Integration Programme (AEIP)

Foreign Commonwealth and Development Office awarded “Financial Services Pillar (FSp) of the ASEAN…” to Cadmus International UK Limited for £8m.

Public administration & defence servicesScotland

Open competition

Open procedure: the contract was advertised and any supplier could submit a bid.

Key facts

Buyer
Foreign Commonwealth and Development Office · Ministry or any other national or federal authority, including their regional or local subdivisions
Value
£8,000,000
Procedure
Open procedure (above threshold)
Sector
Public administration & defence services · Foreign economic-aid-related services (CPV 75211200)
Region
Scotland
Timeline
  1. Contract date14 Nov 2024
  2. Published6 Dec 2024Published 22 days after the contract date

Description

Following competition through an Open route to market, a successful provider has been selected and a a contract awarded to them to deliver the following programme: The FSp aims to enable greater financial resilience and economic opportunities for individuals and businesses in AMS through wider availability of useful and affordable financial services, particularly for MSMEs and women ('financial inclusion '). Financial inclusion is uneven among AMS, with some countries still having a persistently high percentage of adults without an account at a financial institution. Digitalisation of the sector is improving access to and use of financial services across ASEAN, but barriers remain, and these can be higher for women and MSMEs. Barriers in some AMS include low financial or digital literacy, lack of trust / gaps in consumer protection, shallow capital markets and limited access to international payments. The intended outcome of the FSp is that AMS adopt and implement ASEAN-led policy rec…

About the supplier

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