Opportunity Information: Apply for CTP CTAQM 15 001
Apply for CTP CTAQM 15 001
- The Bureau of Counterterrorism in the other (see text field entitled explanation of other category of funding activity for clarification) sector is offering a public funding opportunity titled "Technical Assistance to the Central Bank of Somalia" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 19.701 Global Counterterrorism Programs.
- This funding opportunity was created on Jun 15, 2015 and posted on Jun 15, 2015.
- Applicants must submit their applications by Jul 27, 2015 No Explanation. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- The funding agency has allocated a total of $3,000,000.00 to eligible and selected applicants.
- Each selected applicant is eligible to receive up to $3,000,000.00 in funding.
- The number of recipients for this funding is limited to 3 candidate(s).
- Eligible applicants include: Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education Public and State controlled institutions of higher education Others (see text field entitled Additional Information on Eligibility for clarification) Private institutions of higher education For profit organizations other than small businesses.
- Foreign public and private entities are eligible to apply.
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Opportunity Summary:
The grant opportunity titled "Technical Assistance to the Central Bank of Somalia" (Funding Opportunity Number CTP_CTAQM_15_001) was issued by the U.S. Department of State, Bureau of Counterterrorism (CT), and focuses on strengthening Somalia's financial sector regulation as part of broader U.S. government counterterrorism objectives. The core idea behind the program is that a better supervised, professionally run, and internationally compliant financial system can reduce vulnerabilities that are often exploited by illicit actors, including terrorist networks. The project is framed around building practical supervisory capacity at the Central Bank of Somalia (CBS) and using that as the foundation for a more stable and properly regulated banking system, which in turn supports the development of a functional financial sector that can safely intermediate funds across legitimate institutions and markets.
This opportunity was offered as a discretionary award using a cooperative agreement mechanism, which typically signals that the U.S. government expects to have substantial involvement during implementation rather than acting only as a passive funder. The funding activity is categorized under "Other," with the clarification that it falls under counterterrorism programming, and it is listed under CFDA 19.701 (Global Counterterrorism Programs). In practical terms, applicants would be expected to propose technical assistance that is not just theoretical training, but hands-on support that helps CBS adopt and implement real supervisory procedures, oversight tools, and institutional practices aligned with international norms for central banking and financial sector supervision.
The stated program goal is to help Somalia move toward a soundly regulated financial sector that operates in a professional manner and in line with international standards. The announcement emphasizes assisting the Central Bank of Somalia with proper financial sector supervision procedures and supporting the development of a regulated banking system as a starting point. The longer-term vision described is a well-functioning financial system that intermediates finance effectively, meaning it can channel funds safely and efficiently between savers, borrowers, businesses, and other participants through a range of financial institutions and markets. While the notice does not list a detailed menu of activities, the language clearly points toward supervisory capacity building, institutional strengthening, and practical banking sector oversight improvements centered on the CBS.
Up to three awards were anticipated under this solicitation, with an estimated total funding level of $3,000,000. The award ceiling is listed as $3,000,000 and the award floor as $500,000, indicating that proposals could vary in size but would generally be substantial technical assistance efforts rather than small pilot projects. There is no cost sharing or matching requirement, which means applicants were not required to contribute their own funds as a condition of eligibility or competitiveness, though they would still need to present a credible and cost-effective budget tied to measurable outcomes.
Eligibility is broad and includes U.S.-based nonprofits with 501(c)(3) status (excluding institutions of higher education in that specific category), public and state-controlled institutions of higher education, private institutions of higher education, and for-profit organizations other than small businesses. The announcement also explicitly states that foreign public and private entities are eligible to apply, opening the door to qualified international organizations, foreign universities, consulting firms, central bank advisory bodies, and other specialized entities with relevant experience in financial supervision and regulatory reform.
The opportunity was posted on June 15, 2015, with an original and current closing date of July 27, 2015, and it was later archived on August 26, 2015. For applicants needing help accessing the full announcement, the notice directs them to the Grants.gov Contact Center, providing both an email address (support@grants.gov) and a phone number (1-800-518-4726), with availability 24/7 except federal holidays. Overall, the solicitation is best understood as a counterterrorism-linked financial governance capacity-building initiative aimed at helping the Central Bank of Somalia put effective supervision and regulatory systems into place so Somalia can develop a safer, more credible, and internationally aligned banking and financial sector.
Frequently Asked Questions (FAQs): Technical Assistance to the Central Bank of Somalia (CTP_CTAQM_15_001)
1) What is the title of this grant opportunity?
The opportunity is titled "Technical Assistance to the Central Bank of Somalia."
2) What is the Funding Opportunity Number (FON)?
The Funding Opportunity Number is CTP_CTAQM_15_001.
3) Which U.S. government office issued this opportunity?
It was issued by the U.S. Department of State, Bureau of Counterterrorism (CT).
4) What is the overall purpose of the program?
The program focuses on strengthening Somalia's financial sector regulation by building practical supervisory capacity at the Central Bank of Somalia (CBS). The broader intent is to support a more stable, professionally run, and internationally compliant financial system that is less vulnerable to exploitation by illicit actors, including terrorist networks.
5) How does this opportunity connect to counterterrorism objectives?
The solicitation is framed as counterterrorism programming. It reflects the view that stronger supervision and international compliance in the financial system can reduce vulnerabilities that illicit actors and terrorist networks may exploit.
6) What is the CFDA number and program area?
The opportunity is listed under CFDA 19.701, Global Counterterrorism Programs.
7) What type of award mechanism is being used?
This is a discretionary award using a cooperative agreement mechanism.
8) What does "cooperative agreement" imply about the government's role?
A cooperative agreement typically indicates the U.S. government expects to have substantial involvement during implementation, rather than acting only as a passive funder.
9) What kind of activities is the program looking to support?
Applicants would be expected to propose technical assistance that goes beyond theoretical training and provides hands-on support to help the CBS adopt and implement real supervisory procedures, oversight tools, and institutional practices aligned with international norms for central banking and financial sector supervision.
10) Is there a detailed list of allowable activities in the notice?
No detailed menu of activities is provided in the summary. However, the language clearly points to supervisory capacity building, institutional strengthening, and practical improvements in banking sector oversight centered on the CBS.
11) What is the stated program goal?
The stated goal is to help Somalia move toward a soundly regulated financial sector that operates professionally and in line with international standards, beginning with proper financial sector supervision procedures at the Central Bank of Somalia and support for a regulated banking system.
12) What longer-term outcomes does the opportunity describe?
The longer-term vision is a well-functioning financial system that can intermediate finance effectively, meaning it can channel funds safely and efficiently among savers, borrowers, businesses, and other participants through a range of financial institutions and markets.
13) How many awards were anticipated?
Up to three awards were anticipated under this solicitation.
14) What is the estimated total funding amount available?
The estimated total funding level is $3,000,000.
15) What are the award ceiling and award floor?
The award ceiling is $3,000,000 and the award floor is $500,000.
16) Does the opportunity require cost sharing or a match?
No. The notice states there is no cost sharing or matching requirement.
17) Even without cost share, what is expected of the budget?
While cost share is not required, applicants would still need to present a credible and cost-effective budget that is tied to measurable outcomes.
18) Who is eligible to apply?
Eligibility includes U.S.-based nonprofits with 501(c)(3) status (excluding institutions of higher education in that specific category), public and state-controlled institutions of higher education, private institutions of higher education, and for-profit organizations other than small businesses.
19) Are foreign organizations eligible to apply?
Yes. The announcement explicitly states that foreign public and private entities are eligible to apply.
20) What kinds of foreign applicants does the eligibility language seem to allow?
Based on the description, eligibility could include qualified international organizations, foreign universities, consulting firms, central bank advisory bodies, and other specialized entities with relevant experience in financial supervision and regulatory reform.
21) When was the opportunity posted?
The opportunity was posted on June 15, 2015.
22) What was the application closing date?
The original and current closing date listed is July 27, 2015.
23) Is this opportunity still open?
No. The opportunity was archived on August 26, 2015.
24) Where can applicants get help accessing the full announcement?
The notice directs applicants to the Grants.gov Contact Center for assistance accessing the full announcement.
25) What are the Grants.gov Contact Center support details listed?
Email: support@grants.gov. Phone: 1-800-518-4726. Availability: 24/7 except federal holidays.
26) How is the funding activity categorized?
The funding activity is categorized under "Other," with clarification that it falls under counterterrorism programming.
27) What institution is the primary focus of the technical assistance?
The technical assistance is centered on the Central Bank of Somalia (CBS), particularly its supervisory role over the financial sector and banking system.
28) What does the solicitation suggest about the nature of the assistance (training vs. implementation)?
The solicitation emphasizes practical, hands-on assistance intended to help the CBS implement supervisory procedures and oversight tools, rather than providing only classroom-style or theoretical training.
29) What is the basic theory of change described in the notice?
The underlying idea is that improving supervision, professionalism, and international compliance in the financial system helps reduce opportunities for illicit finance, supports a safer banking sector, and contributes to a more functional financial sector that intermediates funds through legitimate institutions and markets.
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