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 .

Mongolian export is noticeably less diversified, depending on few mineral commodity, so it is very sensitive to the commodity price changes and foreign direct investment. Due to nearly 90 percent of total export comes from mineral sector, it experiences in significant fluctuation. Consequently, jobless and poor people have become more vulnerable and income inequality has widened. Thus, it is vital to make export more diversified and reduce dependence on mineral sector. “Mongolia's sustainable development vision 2030" targets of the manufacturing export is 50 percent of total amount, while the target of GDP per capita should reach $17,500.

For supporting export diversification and increasing export volume, the government needs to develop financial institutions that provide trade financing to domestic companies for their international activities.
Thus, the MOF is seeking to hire national consultant on developing proposals for improving the financing system of export development and providing support to the development of a relevant legal environment.

OBJECTIVE OF THE ASSIGNMENT

The main objective of this assignment is to strengthen the MOFs capacity to developing proposals for improving the financing system of export development.

SCOPE OF THE WORK

Following assignments will be conducted by the national consultant, but not limited to:

Task 1: Background analysis.
•    Study international experience in export financing;
•    Evaluate the current Mongolian export financing system and legal environment;
•    Undertake needs assessment of export financing institutions and products.
Task 2: Propose export financial system,  scheme and products.
•    Determine number of alternatives of export financial system,  scheme and products;
•    Evaluate these alternatives;
•    Suggest more efficient and effective options  of export financial system,  scheme and products;
Task 3: Recommendation
•    Make policy recommendations on developing export financial system, scheme and products.
•    Draft legal documents related to export financial system.
Task 4: Other assigned tasks
•    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).

CONSULTANT’S QUALIFICATIONS/ SELECTION CRITERIA

       Education: A suitable candidate should have at least master’s degree in relevant field of economics, development economics and public policy;
       Experience: Incumbent should have at least 5 years relevant experience including strong economic analytical, public policy making and  project coordination skills;
       Language skills: fluent written and spoken skills in English and written and spoken skills in Mongolian;
       Other skills:
      a.    Ethical approaches to research and practice;
      b.    Strong analytical and research capabilities and problem-solving skills;
      c.    Demonstrated ability to use relevant methods and instruments to conduct economic analysis;
      d.    Ability to interact effectively with officials and staff of MOF;
      e.    Research skill including the retrieval of information from a variety of sources;
      f.    Time management skill;

CONTRACT DURATION     

The assignment is expected to commence in October 2019. 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.

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, October 23, 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

70120582