UPDATE: Public Finance Management Reform Project: Consultancy firm for IPSAS Implementation technical support

This notice was posted on 24 of August 2020 and has been updated on 25 of August 2020. Please see the latest version below.

Rwanda - P164807 - Rwanda Public Finance Management Reform Project - RW-MINECOFIN -95347-CS-QCBS

Country: Rwanda

Project Id: P164807

Project Name: Rwanda Public Finance Management Reform Project

Loan/Credit/TF Info.: IDA-63290

Notice Version No.: 1

General Information

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Detailed Information for Advertisement

Country: Rwanda

Name of project: Rwanda Public Finance Management Reform Project (RPFMR)

Loan No. : P164807

Assignment Title: Consultancy Services to Support MINECOFIN in the migration to accrual accounting based on International Public Sector Accounting Standards (IPSAS)

Reference No. : RW-MINECOFIN -95347-CS-QCBS

The Government of Rwanda through the Ministry of Finance and Economic Planning (MINECFOIN) is currently implementing the third Public Finance Management Sector Strategic Plan (PFM SSP) 2018-2024. It complements the 5-year PFM strategy that ended in June 2018.

The PFM strategy aligns itself to the development ambitions set in the Vision 2050 to move Rwanda towards middle-income status by 2035 and to high-income status by 2050 and the National Strategy for Transformation (NST-1) which covers the period 2018–2024 with an objective of putting in place the foundations for delivering Vision 2050 under three pillars: (i) economic transformation; (ii) social transformation; and (iii) transformational governance.

The PFM SSP mission is ‘to support Rwanda’s socioeconomic transformation through effective and accountable public financial management’.

Building on the Government’s earlier successes, this PFM SSP 2018–2024 sets out a plan for consolidating, strengthening and transforming different areas of the PFM system. In doing so, the migration to accrual accounting framework using the International Public Sector Accounting Standards has been identified as one of critical success factors in increasing compliance with PFM rules and procedures, and ensuring public resources are used appropriately

Since 2006, the GoR has been producing and progressively improving the quality of its annual financial statements according to a modified cash basis of reporting.

The primary objective of this assignment is to provide technical advisory services relating to implementation of IPSAS Blueprint, which will lead to effective implementation of an accounting framework compliant with the international public Sector Accounting Standards accrual (IPSAS accrual) by the government of Rwanda.

The detailed Terms of Reference (TOR) for the assignment are attached to this request for expressions of interest and be found on the Ministry of Finance and Economic Planning-MINECOFIN website (www.minecofin.gov.rw)  

The MINECOFIN now invites eligible consulting firms (“Consultants”) to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services. The shortlisting criteria are:

1. Relevant experience in public financial management and track records in the implementation of IPSAS accrual in both developing and developed countries;
2. Working experience with government business enterprises and a decentralized government shall be a key requirement.

The attention of interested Consultants is drawn to Section III, paragraphs, 3.14, 3.16, and 3.17 of the World Bank’s “Procurement Regulations for IPF Borrowers” July 2016 as revised in November 2017  (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. 

A Consultant will be selected in accordance with the Quality Cost Based Selection method set out in the Procurement Regulations. Further information can be obtained at the address below during office (0700 to 1700 hours). Expressions of interest must be delivered in a written form to the address below in person, or by courier by 04th September 2020

The Proposal submission address is:

The Ministry of Finance and Economic Planning (MINECOFIN)

Single Project Implementation Unit (SPIU)

Street Address: 12 KN 3 Ave, Kigali

Floor, room number: 1st Floor; SPIU office

City: Kigali, Rwanda

Kigali, 18/08/2020

Marie Ange H Ingabire  

Head of Department, Corporate Services