Үл хөдлөх хөрөнгөөр баталгаажсан үнэт цаасны тухай хуульд өөрчлөлт оруулах үнэт цаасжуулалтын зардлыг бууруулах санал бэлтгэх, орон сууцны санхүүжилтийн тогтолцоог сайжруулах, хууль эрх зүйн орчны судалгаа шинжилгээ хийх
Урилгын дугаар: C11/CS/020
Захиалагч: Сангийн яам
Зарын төрөл: Зөвлөх үйлчилгээ
Зарласан огноо: 2019.06.05
Дуусах огноо: 2019.06.19 17:00:00  

Зарын урилга

REQUEST FOR EXPRESSION OF INTEREST

A. BACKGROUND
Mongolia has received a credit from the International Development Association (IDA) for the Strengthening Fiscal and Financial Stability Project (SFFSP). The Objective of the SFFS Project 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.
Under the agreements of “Extended Fund Facility” arrangement with International Monetary Fund and pre-requirements and conditions the World Bank development financing, the Government of Mongolia (GOM) and the Bank of Mongolia (BOM) has signed the Memorandum of Understanding (MOU), 28 November 2017,  in relation to cease all quasi-fiscal programs from the BOM and transferring to GOM “Formation of a stable scheme of Housing Finance” program (hereafter as referred as “Mortgage Program”) as a fully committed. According to the MOU, the GOM should provide financial sources to fund mortgage subsidized loan to allocate on state budget every year as sourced from the amount of issued Mortgage backed bond (MBB) repayments. The exit plan of BOM has been signed by both sides as a joint resolution on 20 December 2018, #285/A-334.

In addition, the Ministry of Finance (MOF) is required to facilitate the transfer of the mortgage program and to develop a new program to achieve the goal of providing citizens with housing and a healthy and safe environment by reducing the air pollution. As fully committed by the GOM for financing the Mortgage Program, the further financial source shall be accumulated from issued MBB interests and principal payments.
Therefore, in order to revise the Law of Asset Backed Securities (hereafter as referred as “LABS”) in terms of reducing costs of bond issuance and other related matters in addition to as requiring an efficient method and scheme for designing to finance mortgage program in ongoing process to be willing to seek sufficient financial sources, the Ministry of Finance (MOF) is seeking to hire a professional individual consultant in the review of the existing law; undertake assessment and prepare a concept paper and an initial draft law in accordance with Article 14 and 16 of The Law on Legislation of Mongolia, and redesign current mortgage financing structure to be more prudent and sophisticated.

B. OBJECTIVE OF THE ASSIGNMENT
The main objective of a National Consultant is to perform a thorough review of the Law of Asset Backed Securities and its legislation framework and provide recommendations on the legal and regulatory context based on “cost efficient” manner and as well as preparing and drafting the Government Mortgage Subsidized Loan Scheme.

C. SCOPE OF THE ASSIGNMENT
The main assignments and associated activities to be undertaken by the National Consultant shall include (but are not limited to) the following:
I. Review and develop amendments to the Law of Asset Backed Securities and its related regulations:
   1. Analyze legal issues of the LABS legal framework and draft key documents (including research papers, proposals for the principal amendments, operational reports);
   2. Investigate legal issues to be linked reducing costs of issuance of bond/securities and the stage or level of implementing the law, and as well as to determine the beneficial methods/techniques for reducing costs of securities issuing according the LABS;
   3. Conduct research on international best practices of relevant legislation and provide recommendation on cost efficient asset backed bond issuance;
   4. Assist and work closely with the working group on amending the LABS, which consists of Financial Regulatory Commission, MOF, BOM, a representative from the World Bank and other relevant government authorities;
   5. Provide the proper coordination with the working group on behalf of the MOF or the Financial Asset Management Division (FAMD), FPD, MOF;
   6. Provide an initial draft of revised version of the Law on Asset Backed Securities and its related regulations;
   7. Produce the comparative cost estimation analysis of asset backed bond issuance according to the current legal framework and a proposed new revised legislation (LABS);
II. A new mortgage subsidized loan financing scheme:
   1. Conduct analysis on the current Government subsidized mortgage program financing scheme;
   2. Oversight the subsidized mortgage loan statistical data and accumulate database on mortgage loan;
   3. Conduct research on domestic housing markets and its demand and consumers’ purchasing power or households’ income (affordability);
   4. Inspect housing projects’ implementation by both private sector and government in Ulaanbaatar city and its rural areas; including State Housing Corporation “TOSK” LLC housing projects and lending houses program;
   5. Draft and redesign the Government subsidized mortgage program financing scheme;
   6. Provide recommendation of a new financing scheme based on the potential cost reduction on Mortgage backed bond issuance;
   7. Examine and draw a roadmap of the possible alternative sources of other individual or institutional investors (including sources from International or Asian capital markets) to invest in MBB;
   8. Support and closely cooperate with the specialist who are responsible for subsidized mortgage loan program at the FAMD throughout the consultancy service;

D. DELIVERABLES

Based on the contracted assignments and detailed contract implementation plan approved by the client, the national consultant’s deliverables will include:
   I. Submit research papers, operational reports, proposals for the principal amendments to the Law of Asset Backed Securities;
  II. Provide a recommendation document of cost-effective models and methods linked to securities’ issuance costs in line with the current LABS and its related legislation;
 III. Provide research papers on the international best practices in the relevant field of studies (recommendations on cost efficient asset backed bond issuance);
  IV. Submit an initial draft amendment of Law of Asset Backed Securities;
   V. Submit a financial analysis document of comparative cost estimation of asset backed bond issuance under the current legal framework and a proposed new revised legislation;
  VI. Provide a thorough analytical document on the current Government subsidized mortgage program financing scheme; 
 VII. Deliver a full statistical report of Mortgage loan, securitization, and its payment schedule (principal and interest payment); 
VIII. Provide a complete financial recommendation on the program financing scheme in line with a proposed potential bond issuance cost reduction method;
  IX. Submit a research paper on domestic housing market and a review report for housing projects implemented by both the private sector and the Government in Ulaanbaatar city and its rural areas (State Housing Corporation “TOSK” LLC – Housing and House Lending Program);
   X. Provide a draft and redesigned Government subsidized mortgage program financing scheme;
  XI. Provide a report of the possible alternative sources of other individual or institutional investors (including sources from International or Asian capital markets) to invest in MBB;

E. CONSULTANTS QUALIFICATION, SELECTION CRITERIA

Qualifications and Experience:
    • University degree in finance, economics, law, and public management (Bachelor’s degree or higher degree will be an asset);
    • At least three 5 (five) years of relevant practical experience in related fields;
    • At least one 2 (two) year of experience in finance, working at the bank or other financial institutions;
    • Broad understanding of Mongolian legal system, relevance to the financial and/or banking sector;
    • Proven ability to work in a nationwide and international context;
    • Demonstrated professionalism, good judgment, and flexibility to work as necessary outside normal work hours to meet the deadlines and needs of the position;
    • Ability to work with multidisciplinary teams and institutions;
    • Responsible and flexible attitude and capacity to manage a variety of tasks with minimal supervision;
    • Excellent command of office software, such as word, excel, etc.
    • Strong writing and communications skills in English;

F. SUPERVISION AND REPORTING

The incumbent will work and report under the supervision of staff members of the FAMD, Financial Policy Department, Ministry of Finance.

G. CONTRACT DURATION

The consultant is expected to commence from May 2019. The duration of the assignment is 12 months.

H. INSTITUTIONAL ARRANGEMENTS

The relevant counter specialist of FAMD shall provide necessary data and information to the consultant for performing the assignment. The MOF will provide office space with furniture, internet access, computer, and printers.

If you possess the above qualifications, please submit following documents via email to procurement@sffs.mn:
    1. Cover letter indicating why she/he considers her/himself suitable for the position,
    2. Detailed CV highlighting relevant skills/experience,
    3. Copy of diplomas or certificates and,
    4. 2 reference letters from previous last two employers no later than 17:00, June 19, 2019.

The submitted documents will not be returned to the applicants. Please note 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.Bayarmaa, Procurement Specialist, Strengthening Fiscal and Financial Stability Project
Room #204, Negdsen undestnii 8/2, 4th khoroo, Chingeltei District, Ulaanbaatar, Mongolia; Tel: 70120582
 

The consultant will be selected in accordance with the World Bank’s Procurement Regulations for IPF Borrowers (July 2016).

Further information can be obtained at the address below during office hours: 8:30 to 17:30 hours (local Ulaanbaatar time) or procurement@sffs.mn.

 

Attn: Ms.Bayarmaa L, Procurement specialist, 

Project Implementation Unit

The World Bank – Strengthening fiscal and financial stability project,

Room #205, Negdsen undestnii 8/2, 4th khoroo, Chingeltei District, Ulaanbaatar, Mongolia

Tel: +976-70120582

Fax: +976-70110582

Холбоо барих

70120582

Хавсралт

СҮҮЛД ЗАРЛАСАН ЗАР
D1/CS/065 Нийгмийн халамжийн багц хуулийг өргөн мэдүүлэхэд дэмжлэг үзүүлэх зөвлөх үйлчилгээ

Дуусах огноо: 2023.09.06 12:00:00   Зарласан огноо: 2023.08.23

Захиалагч: Хөдөлмөр, Нийгмийн хамгааллын яам

Төрөл: Зөвлөх үйлчилгээ


B22/CS/049 National consultant to provide functional support to the implementation and rollout of the Treasury Portal System nationwide towards improving fiscal discipline and efficiency of the government financial resources (Extended)

Дуусах огноо: 2023.08.31 15:00:00   Зарласан огноо: 2023.08.16

Захиалагч: Сангийн яам

Төрөл: Зөвлөх үйлчилгээ


B22/CS/050 National IT/ technical consultant to provide technical support to the implementation of the Treasury Portal System and nationwide towards improving fiscal discipline and efficiency of the government financial resources

Дуусах огноо: 2023.08.25 15:00:00   Зарласан огноо: 2023.08.16

Захиалагч: Сангийн яам

Төрөл: Зөвлөх үйлчилгээ


D2/CS/062 Нийгмийн даатгалын багц хуулийг өргөн мэдүүлэхэд дэмжлэг үзүүлэх зөвлөх үйлчилгээ

Дуусах огноо: 2023.09.08 15:00:00   Зарласан огноо: 2023.08.11

Захиалагч: Хөдөлмөр, Нийгмийн хамгааллын яам

Төрөл: Зөвлөх үйлчилгээ


A2/CS/034  Монгол Улсын үйлдвэрийн салбарын татварын орчны бие даасан судалгаа хийх дотоодын зөвлөх - 1

Дуусах огноо: 2023.07.25 15:00:00   Зарласан огноо: 2023.06.28

Захиалагч: Сангийн яам

Төрөл: Зөвлөх үйлчилгээ


A2/CS/033 Монгол Улсын үйлдвэрийн салбарын татварын орчны бие даасан судалгаа хийх дотоодын зөвлөх - 2

Дуусах огноо: 2023.07.25 15:00:00   Зарласан огноо: 2023.06.28

Захиалагч: Сангийн яам

Төрөл: Зөвлөхийн бус үйлчилгээ


Бусад зар »