AFRICAN DEVELOPMENT BANK
REQUEST FOR EXPRESSIONS OF INTEREST
Programming and Budget Department
Avenue Jean-Paul II, 01 BP 1387 Abidjan 01, Côte d’Ivoire
RECRUITMENT OF A CONSULTING FIRM TO ASSIST IN CONDUCTING A REVIEW OF THE COST STRUCTURE OF THE BANK
- Established in 1964, the African Development Bank (AfDB) is the premier Pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is to deliver financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth. In order to sharply focus on the objectives of the Ten Year Strategy (2013 – 2022) and ensure greater developmental impact, five major areas of priority (High 5s), all of which will accelerate our delivery for Africa, have been identified namely energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa.
- The Programming and Budget Department (SNPB) of the Bank, under the Senior Vice-Presidency (SNVP), has the primary role of developing and coordinating Bank-wide programming and budgeting processes that facilitate planning, execution, and monitoring the use of the Bank’s operational, human and financial resources in line with the Bank’s strategic goals and priorities.
- During the recent Seventh General Capital Increase (GCI VII) discussions, Management made a commitment to develop a Long-term Financial Sustainability (LTFS) Framework to ensure that the approved GCI resources last over the agreed implementation horizon, and to establish a high level of operational efficiency through effective administrative cost-control mechanism, while ensuring that the Bank’s AAA credit rating is not endangered. As part of this commitment, there is the need to review the cost structure of the Bank as a basis for finalizing a Cost Containment Framework which will serve as one of the quantitative Strategic Control Measures of the Long-term Financial Sustainability Framework of the Bank.
- The Programming and Budget Department of the African Development Bank therefore invites consulting firms to indicate their interest in conducting a detailed review of the administrative cost structure of the Bank.
- The cost structure review is intended to provide a cost management framework with detailed analysis of cost drivers and critical trends in the Bank’s cost structure which will form the basis for determining a budget trajectory for the Bank over the GCI VII horizon. The review will highlight areas where there
could be possible cost reductions, efficiency gains and cost rationalization while indicating measures to be implemented to sustain these efficiency gains. The review will also provide benchmark of key elements of the Bank’s cost structure, trends, ratios, as well as expenditure management policies and practices with other comparators of the Bank to ensure alignment with best practice. Overall, the review will focus on developing a strategic approach to cost management aimed at making the Bank a more cost-effective and cost-efficient institution and provide assurance to key stakeholders of Management’s commitment to prudent deployment of the GCI VII resources.
- Interested consulting firms are hereby invited to express their interest in providing the above-described services. They should provide, among others, information on their qualifications and experience demonstrating their ability to provide the outlined services (documentation, references for similar services, experience in comparable assignments, availability of qualified staff, etc.).
- The eligibility criteria, the establishment of a short list and the selection procedure shall be in conformity with the Bank’s Rules and Procedure for the Use of Corporate Consultants. Please, note that interest expressed by a firm does not imply any obligation on the part of the Bank to include it in the shortlist ;
- The duration of services is three (03) months and the estimated starting date is April 1, 2021 ;
- Interested firms may obtain further information at the address below during the Bank’s working hours (Monday to Friday 9:00 am to 5:00 pm GMT) ;
- A shortlist of six qualified firms will be compiled based on the following criteria :
| General qualification sand adequacy for the assignment to be undertaken | 40% |
| Similar Experiences | 30% |
| Availability of skills within the personnel of the company during the period planned for | 20% |
| the execution of the contract | |
| Experience with the MDB | 10% |
| Total | 100% |
- Expressions of interest must be received at the address below no later than March 3, 2021 at 11:59 PM GMT and specifically mentioning “Expression of Interest to assist in the review of the Cost Structure of the Bank” For the attention of :
Mr. Emmanuel Boafor
Programing and Budget Department African Development Bank Avenue Jean-Paul II, 01 BP 1387 Abidjan
Ivory Coast
E-mail : e.boafor@afdb.org