PSI News

The Hague, December 2008

Dutch Agency for international business and co-operation EVD launches new funds for entrepreneurs PSI

In December 2008, the EVD (Dutch agency for international business and co-operation) launches a new fund which is called Private Sector Investment Programme (PSI). PSI subsidiesare available for Dutch and foreign companies entering into long-term co-operationwith local partners in developing countries.

Submitted projects are judged, among others, by the standard of local innovation. One of the beneficial side effects of PSI is that it introduces developing countries to new knowledge. Furthermore, both parties must be financially sound. In addition, the scale of planned expenditure must ensure further investments in the future.

The maximum project budget for all countries is 1.5 million Euro. The contribution for 47 countries is 50 percent. For the so called 5 PSI Plus countries this is 60 percent. The 52 countries included in the subsidy programme are listed on our website  www.evd.nl/psi.

The objectives of PSI are to stimulate financial growth, create employment opportunities and generate income in developing countries. This is achieved by providing companies with an opportunity to make an innovative investment together with a local partner. The EVD carries out the PSI for the Dutch Ministry of Foreign Affairs/Development Co-operation.

PSI has two granting procedures per year. The closing date for the first PSI Tender 2009 is on 2 February 2009, at 17.00 PM. The second tender of 2009 will close 24 August 2009 at 17:00 hrs. The EVD must have received the original proposal by then.

Read more about PSI at   www.evd.nl/psi where you can also find the relevant application form.

Or call PSI on +31 (0)70 7788513.

Or contact

Job P. Kleijn, First Secretary

Embassy of the Kingdom of the Netherlands, Sana'a, Yemen

Tel.: +967 1 421 800, Fax: + 967 1 421 035

Email:  job.kleijn@minbuza.nl