REQUEST FOR EXPRESSIONS OF INTEREST
RECRUITMENT OF A CONSULTING FIRM FOR THE DEVELOPMENT OF A CAPITAL MARKET IN THE GAMBIA
Country : THE GAMBIA
Project Name : Inclusive Growth Promotion Institutional Support Project (IGPISP)
Sector : Economic and Financial Governance Sector
Financing Agreement reference : 2100150037298
Project ID No : P-GM-KF0-002
Background
The Government of the Gambia has received financing from the African Development Bank towards the cost of the Inclusive Growth Promotion Institutional Support Project (IGPISP), and intends to apply part of the agreed amount for this grant to payments under the contract Recruitment of a Consultancy Firm to develop Capital Market in the Gambia.
The Consultant Firm will be required to complete this assignment in eight (8) months
Scope of Assignment
The Consulting firm in close consultation with the Central Bank of the Gambia (CBG), Ministry of Finance and Economic Affairs and other relevant stakeholders will be expected to perform the following activities:
- Review and update existing studies for the establishment of a capital market ;
- Help in the development of rule books for the operators which shall include but not limited to the following :
- Membership Rules ;
- Listing Rules ;
- Trading Rules ;
- Clearing and Settlement House Rules ;
- International Best Practice (suggest and make proposal based on international best practices).
- Develop regulatory manual of guidelines and instructions for the regulation and supervision of the capital market ;
- Develop scheme of services for the staff of the newly developed capital market ;
- Set up the capital market as a unit/or separate entity within the Central bank of The Gambia ;
- Recommend an appropriate software and hardware for the capital market trading platform ;
- Conduct two (2) workshop to validate the draft Rule Books, regulatory guidelines; and scheme of service for staff of the capital market ;
- Conduct two (2) sensitization and capacity building workshops for stakeholders ;
- Facilitate country re-profile the debt from short term to medium term. They are currently working on 3Y and 5Y bonds ;
- Lead country to revise its PDs system framework and rules ;
- Support country to create a discussion platform for the development of the local currency bond markets.
The Project Coordination Unit of the Ministry of Finance and Economic Affairs now invites eligible Consultancy Firms to indicate their interest in providing this service. Interested Consultancy Firms must provide information indicating that they are qualified to perform the services (description of similar assignments, experiences in similar conditions and availability of appropriate professional skills, etc.). The Shortlist criteria will be as follows :
- Information about firm’s capacity and number of years in business in this field – 10 points ;
- Technical and managerial organization of the firm – 10 points ;
- General qualification and experience of the firm – 15 points ;
- Specific Experience in relation to similar assignments conducted in the past – 25 points ;
- Qualification and Experience of the key staff (the Expert identified to lead on this project should hold relevant qualifications with in-depth experience in conducting similar assignment) – 40 points.
Eligibility criteria, establishment of the short-list and the selection procedure shall be in accordance with the African Development Bank’s Procurement of goods (including non-consultancy services), works and the acquisition of consulting services, financed by the Bank for the project, will be carried out in accordance with the “Procurement Policy and Methodology for Bank Group Funded Operations” (BPM), dated October 2015 and following the provisions stated in the Financing Agreement on “Selection Based on Consultants Qualification” (CQS) Method which is available on the Bank’s website at http://www.afdb.org
Interested consultants may obtain further information at the address below during office hours Monday to Thursday 8.00 am to 4.00 pm and Friday 8:00am – 12:30pm.
Expressions of interest must be delivered to the address below by Monday 15th October 2018 at 16:00hrs Gambian Time and mention “Recruitment of a Consulting Firm for the development of a Capital Market the Gambia”.
Attn : Project Coordinator
Inclusive Growth Promotion Institutional Support Project (IGPISP)
Project Coordination Unit
Ministry of Finance and Economic Affairs
The Quadrangle, Banjul
The Gambia
Tel: 220 4223301 / 4223304 / 3363300
E-mail: sdambelleh@yahoo.com ; bsjammeh@cbg.gm ; stouray2001@gmail.com