Reference: | A1/CS/003 |
Client: | Ministry of Finance |
Category: | Consultancy Service |
Advertised: | 5/23/2018 |
Deadline: | 6/4/2018 17:00:00 |
REQUEST FOR EXPRESSION OF INTEREST.
Mongolia has received a
credit from the International Development Association (IDA) for the
Strengthening Fiscal and Financial Stability Project (“SFFSP”). The
Objective of the SFFSP is to contribute to the Government of Mongolia’s
efforts to strengthen fiscal and financial stability and improve the
quality of expenditure. The project is designed into five components:
(I) Strengthening Macroeconomic and Fiscal Management; (II) Improving
the Efficiency of Public Financial Management; (III) Enhancing Financial
Sector Stability; (IV) Strengthening the Social Protection System; (V)
Project Management and Monitoring. The objectives are to: Strengthening
fiscal responsibility and implementing relevant policy measures,
improving fiscal discipline, strengthening the resiliency of the banking
system, improving public expenditure quality in social protection,
providing support for Project implementation, coordination, monitoring
and evaluation, including, inter alia, audit arrangements, reporting
requirements, procurement and financial management activities
respectively. For more details, please refer to the Project Appraisal
Document Report No. PAD2269 .
Because the Mongolian economy is
unstable and largely dependent on the external environment, it is
necessary to coordinate fiscal, monetary and macroeconomic policies
efficiently, and to take appropriate policy measures in order to ensure
sustainable economic growth. Any change in the price of mineral products
brings positive and negative consequences to the Mongolian economy. The
price increases accelerate economic growth in the short term which
negatively affects the export of non-mining sectors by tightening the
national currency of Mongolia /Tugriks/.
In the instable
macroeconomic environment caused by mining cycle, it is important to
undertake macro-economic forecasting by variety macroeconomic models
widely used in resource-rich countries for improving quality of
projections, making fiscal, monetary and exchange rate policies.
In
modern days the international banks, financial institutions and central
banks as an economic institutions are applying CGE model to their
macroeconomic policy formulation. It is necessary to develop and adopt a
CGE model in order to determine the appropriate tax rates for the
mining sector and other sectors, and identify and assess sectors that
have a high impact on "Dutch Disease" and to mitigate negative
consequences.
The MOF is seeking to hire national consultant to
develop CGE model, which meet the needs of MOF to evaluate impact of
“Dutch disease” and changes in sectoral tax on the economy.
SCOPE OF THE ASSIGNMENT
The
main objective of this assignment is to strengthen the MOFs capacity to
monitor and analyze economic developments and its ability to
independently develop and maintain a comprehensive macroeconomic models
and framework as an important tool for establishing realistic annual
revenue targets and for guiding the MOF’s economic policies, as well as
to strengthen coordination between agencies involved in macroeconomic
management.
Following assignments will be conducted by the national consultant, but not limited to:
1.Create a Social Accounting Matrix (SAM) based on newly released Input-output table;
2.Develop the CGE model consisted with Mongolian economic features;
3.Develop
the CGE model so that impacts of corporate income tax, personal income
tax, withholding tax, VAT, mining royalty and tariffs on economy and
labor market can be estimated;
4.Estimate the extent of “Dutch
Disease” on non-mining sector, and determine the most negatively
affected industries by “Dutch Disease”;
5.Make recommendations on optimal taxations and treating the economy;
6.Effectively coordinate his/her work with other consultants working on other tasks in the component;
7.Undertake
such other tasks as reasonably requested and/or assigned by the
Director General of Economic Policy Department (EPD) and the Director of
the Macroeconomic Policy Division (MEPD).
SHORTLISTING CRITERIA/CONSULTANT’S QUALIFICATIONS:
Education:
A suitable candidate should have at least bachelor’s degree in relevant
field of economics. Master's degree is preferred.
Experience:
Incumbent should have at least three years relevant experience including
strong macroeconomic modelling and data management. Working as a
macroeconomist would be an advantage;
Language skills: Good written and spoken skills in English and fluent written and spoken skills in Mongolian;
Other skills:
a.Ability to synthesize ideas, theories and data in developing solutions to economics problems;
b.Ethical approaches to research and practice;
c.Research skill including the retrieval of information from a variety of sources;
d.Problem solving through the application of appropriate economic theories, principles, and the econometric analysis of data;
e.Time management skill;
f.Skilled in working effectively with computer software (GAMS, STATA, Eviews and VBA in MS Excel) for the analysis of data;
g.Excellent interpersonal skills with the ability to function effectively and collaboratively in a team environment;
h.Strong communication and negotiation skills.
CONTRACT DURATION:
The
assignment is expected to commence on May, 2018. The duration of the
assignment is for 12 months. If consultant’s performance in accordance
with tasks in the TOR is inadequate, the Director General of the EPD
shall be entitled to terminate the contract of the assignment. The
consultant will be selected in accordance with the World Bank’s
Procurement Regulations for IPF Borrowers (July 2016).
If you possess the above qualifications, please submit following documents in person:
Cover letter indicating why she/he considers her/himself suitable for the position,
Detailed CV highlighting relevant skills/experience,
Copy of diplomas or certificates and,
2 reference letters from previous last two employers no later than 17:00, June 04, 2018.
The
submitted documents will not be returned to the applicants. Please be
noted that incomplete applications would not be considered for
evaluation. Only selected candidates will be contacted. Candidates can
be interviewed. Detailed terms of reference can be requested from
procurement@sffs.mn Contact address: Attn: Ms.Khaliun, Procurement
Specialist, Strengthening Fiscal and Financial Stability Project
Room #204, Negdsen undestnii 8/2, 4th khoroo, Chingeltei District, Ulaanbaatar, Mongolia; Tel: 70120582
70120582