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EOI - Somalia - Concessions Advisor for the Ministry of Finance - ISEGP
Details
Location:Somalia
Category:Consulting services
Status:Closed
Sectors:Macro-Economy & Public Finance
Languages:English
Contracting authority: Federal Ministry of Finance (Somalia)
Associated tenders • 1
Description
EOI - Somalia - Concessions Advisor for the Ministry of Finance - ISEGP The Ministry of Finance of the Federal Republic of Somalia has received financing from the African Development Bank toward the cost of the Institutional Support for Economic Governanc
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By Locations
Funding agency:
UNICEF
Status:
closed
Location:
Somalia
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UNDP
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Saint Vincent and the Grenadines
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WB
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closed
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Kazakhstan
tender Background
About the Funding Agency
The African Development Bank is a regional multilateral development finance institution, established in 1963, with a mandate to further economic development and social progress of African countries, individually and collectively. 80 member countries including all the 54 African countries and 26 non-African countries in the Americas, Europe and Asia own the Bank.
The Bank's principal functions include:
- using its resources for the financing of investment projects and programs relating to the economic and social development of its Regional Member Countries (RMCs);
- the provision of technical assistance for the preparation and execution of development projects and programs;
- promoting investment in Africa of public and private capital for development purposes; and (iv) to respond to requests for assistance in coordinating development policies and plans of RMCs. In its operations, the Bank is also required to give special attention to projects and programs that promote regional integration.
The Bank began its operations from its headquarters, in Abidjan, Côte d’Ivoire on July 1, 1966. For the purpose of its operations, the Bank also maintains Regional Resource Centers and Field Offices within RMCs.
For projects financed by the Bank resources, the charter requires suppliers for contracts for institutional activities and projects to be nationals of a member country. Only bidders from a member country of the Bank are eligible to participate in the procurement process. For goods to be eligible, they must originate from a member country.
About the Sectors
Macro-Economy & Public Finance
Includes initiatives that support macroeconomic stability, sound fiscal policy, and effective management of public financial resources.
Key areas:
- Macroeconomic analysis and policy support
- Public finance management (PFM)
- Government budgeting, taxation, and debt management
- Economic growth and development strategies