Jordan - Technical Cooperation Support Framework for Capital Market - Project Coordinator

12/11/2018: THE CLOSING DATE FOR RECEIPT OF PROPOSALS IS EXTENDED UNTIL 20 NOVEMBER 2018

CLARIFICATION ISSUED 6/11/2018: PLEASE NOTE THE CORRECT REQUIREMENT FOR SUBMISSION OF FINANCIAL PROPOSALS: "The Financial Proposal (Form 2 – FP 1 and FP2) shall be submitted in English separately by email only to the Bank Contact Person below. Financial proposal should ONLY indicate the Key Expert’s Daily Fee Rate in EUR. Consultants are reminded of the requirement to ensure the confidentiality of the Financial Proposals."

Location: Jordan
Business sector: Other, Financial institutions
Project number: 72884
Funding source: SFEBSF - EBRD Shareholders SF
Contract type: Consultancy Services
Notice type: Invitation for expressions of interest (CSU)
Issue date: 12 Mar 2018
Closing date: 28 Mar 2018   at  23:59   London

Access eSelection

Project Description:

Local Currency and Capital Markets Development (LC2) is one of the key strategic initiatives of the European Bank for Reconstruction and Development (the “EBRD” or the “Bank”). The strategic objectives agreed for the Initiative are to achieve more efficient and self-sustaining financial intermediation in the Bank’s Countries of Operations (CoO) through broader use of local currency and the development of local capital markets, thereby contributing to economic progress and fostering a more stable financial environment. Technical cooperation is one of the most important mechanisms used to achieve the desired transition impact.

Subsequent to the G-8 Finance Ministers' Meeting in Marseille in September 2011, the International Financial Institutions (IFIs) concerned jointly agreed on eight focus areas of activity under the Deauville Partnership to support countries in the Arab world engaged in transitions toward “free, democratic and tolerant societies”. The EBRD and the Arab Monetary Fund were tasked with leading the module on the development of capital markets in Egypt, Jordan, Morocco, and Tunisia. It was agreed that they will provide technical assistance support in a coordinated manner according to each institution’s mandate and expertise to help these countries deepen local capital market development.

Within this context the Jordanian Securities Commission (JSC) approached EBRD, requesting the Bank’s support in providing technical assistance and expertise to assist the JSC in preparing a 5-year implementation roadmap (the “Roadmap”) with a view to further reform Jordan capital markets. The Roadmap was presented to and discussed with local stakeholders in December 2016 at a seminar in Amman under the Patronage of H.E the Prime Minister of Jordan.

JSC approved the Roadmap in January 2017 (The Capital Market Development Strategy and Roadmap for Jordan is available www.lc2-reports.com/JordanCM-Roadmap.pdf ) and sent a further request to EBRD through the Ministry of International Cooperation (MOIC), for continued support in the phased implementation of the Roadmap. Showing Jordan’s commitment to the project, HE the Prime Minister ordered the creation of a Capital Market Working Group (“CMWG”) in April 2017, a high level committee that will steer the implementation of the Roadmap across different stakeholders in the coming years, as recommended in the Roadmap. The CMWG brings together the following stakeholders: Jordan Securities Commission, Amman Stock Exchange, Securities Depository Center, Companies Control Department, Financial services companies Association, Central Bank of Jordan, Social Security investment Fund and Income, and Sales Tax Department.

EBRD now intends to support the Jordanian authorities with the implementation of the Roadmap assisting the CMWG and EBRD in carrying out the reforms and projects outlined in the Roadmap (the “Project”).

The first step will consist in establishing the Project Secretariat, a team combining specialists hired outside, and staff seconded from the JSC or other institutions. With a view to facilitate knowledge transfer and sustainability, the Secretariat will be led by a senior international expatriate Technical Team Leader with support of a Local Resident Advisor.

Assignment Description:

The Bank would like to engage a consultant to act as the Local Resident Advisor (the Consultant) to support activities of the Technical Team Leader, the Secretariat and coordinate the various work streams implementing the Roadmap, in close coordination with the CMWG and EBRD; to ensure timely delivery and completion of projects aligned with the recommendations of the Roadmap.

The Consultant will provide the following services:

1. Support the Technical Team Leader with preparation and implementation of the work plan for the various activity streams planned in the roadmap, ensuring that it unfolds within the agreed timeline;
2. Oversee various activities in the absence of the Technical Team Leader;
3. Manage all administrative aspects of the Project ensuring compliance with all national and EBRD requirements;
4. Ensure that the Project's financial procedures are in line with the EBRD Procurement Policies and Rules and project management rules agreed with EBRD;
5. Maintain all Project records and audit trail of documents;
6. Prepare and facilitate project audits;
7. Act as a liaison officer for all experts working on the project, whether seconded from JSC or engaged as consultants by EBRD;
8. Produce required Project related reporting for the Secretariat and EBRD such as annual progress reports and ad hoc reports as required;
9. Coordinate all support projects related to the activities of the Secretariat aimed at implementation of the Roadmap;
10. Contribute to the preparation of the final report producing inputs as requested by EBRD and the Technical Team Leader.

Status of Selection Process:

Interested individual experts are hereby invited to submit expressions of interest.

Assignment Start Date and Duration:

The Assignment is expected to start in Q2 2018 and has an estimated overall duration of 36 months, with a possible extension, subject to business needs, satisfactory performance of the Consultant, and the availability of further funding.

Funding Source:

It is expected that the Assignment will be funded by EBRD Shareholders Special Fund. Selection and contracting will be subject to the availability of funding.

Eligibility:

There are no eligibility restrictions.

Consultant Profile:

Individual services are required. The Consultant shall be an individual expert with preferably the following experience and competences:

• preferably 10+ years of project management experience;
• specialised in capital market development, with a proven track record working with market participants and authorities;
• excellent proficiency in written and spoken English and Arabic;
• excellent proficiency in using project management software, as well as Word, Excel and PowerPoint ;
• ability to self-organize and manage;
• ability to operate effectively in multicultural environments and build effective working relationships.

Submission Requirements:
In order to determine the capability and experience of experts seeking to be selected for this Assignment, the information submitted should include the following:

1. Cover letter (maximum 2 pages) summarising how the expert believes he/she satisfies the requirements as defined above under Consultant Profile;
2. CV (not exceeding 8 pages) which should include full descriptions of responsibilities carried out, not just a job title, including information on contracting entity/client, project location/country, duration (mm/yy to mm/yy), expert months provided (if different from duration) , main activities, objectives;
3. Completed Consultant Declaration Form and Contact Sheet, the template for which is available from the following web-link:
   http://www.ebrd.com/pages/workingwithus/procurement/notices/csu/contact_sheet.doc.

Expressions of Interest should be submitted in English electronically through e-Selection, to reach the Bank not later than the closing date. The complete expression of interest (including cover letter, CV, declaration and contact sheet etc.) shall be one file (pdf) to be uploaded to eSelection. The EBRD reserves the right to reject applications of experts submitting more than one file. Only if the permissible file size (4 MB) is exceeded, the Consultant may split the expression of interest into further files.

Bank Contact Person:

Larissa Gosling

Technical Co-operation

European Bank for Reconstruction and Development

One Exchange Square

London EC2A 2JN

Tel: + 44 20 7338 6338

e-mail: goslingl@ebrd.com (submissions should be sent through eSelection and NOT to this email address)

Notes:

1. Depending on the quality of applications received the EBRD may invite the highest-ranked (up to 6) candidates for interviews to be conducted via Skype or a conference call. The interview is expected to take approximately 1 hour and costs are not reimbursable by EBRD.
2. The shortlist criteria and weightings are:

(a) Education/Professional Qualifications [20%];

(b) Professional Experience [60%];

(c) Competences [20%].

3. The highest-ranked Consultant will be selected from a shortlist and be invited to negotiate the contract, subject to availability of funding.