Reference: | B22/CS/002 |
Client: | Ministry of Finance |
Category: | Consultancy Service |
Advertised: | 2018.06.23 |
Deadline: | 2018.07.09 11:00:00 |
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 management. The project is designed with 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
strengthen fiscal responsibility and implement the relevant policy
measures; improve fiscal discipline; strengthen the resiliency of the
banking system; improve public expenditure quality in social protection;
and provide 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 .
The Integrated Budget Law establishes
the principles, systems, composition and classification of the budget,
defines the roles and responsibilities of bodies that participate in the
budget process, and regulates relations that arise in connection with
budget preparation, budget approval, spending, accounting, reporting and
auditing. The law applies to budget entities and their officials,
central and and local government special funds, fully or partly state
and locally owned bodies that render works and services related to the
functions of the state on a contractual basis that are obliged to
collect revenues to the budget in accordance with the legislation.
Subcomponent
B2 of the project aims to increase budget comprehensiveness and
transparency through better control, reporting and expansion of the
government’s integrated financial management information capabilities.
Fiscal statistics in Mongolia are compiled largely in accordance with
the Government Finance Statistics Manual (GFSM 1986) methodology. In
recent years, The Ministry of Finance (MOF) have embarked on a series of
initiatives to align the compilation and dissemination of Government
Finance Statistics (GFS) in accordance with the guidelines of the
Government Finance Statistics Manual 2001 (GFSM 2001), and its update --
GFSM 2014. Despite the well intentioned legal framework, actual
compilation practices and data management issues do not provide
sufficient clarity in terms of classifications, valuation and time of
recording to effectively support compiling the standard GFS components,
aggregates and analytical balances. The process of implementing GFS
methodology has progressed appreciably, but there is still far from
producing reliable information due to the lack of a supporting structure
to correctly identify and eliminate related items and software
limitations. This has resulted in considerable manual intervention and
problems of data quality.
SCOPE OF THE ASSIGNMENT
The
objective of this assignment is to assist the Treasury Department of the
Ministry of Finance (TD, MOF) in improving the compilation of fiscal
data for operational and reporting purposes in accordance with GFS
principles.
The consultant will perform the tasks including the following, but not limited to:
I.
Review the legal and institutional framework supporting the current
accounting and fiscal reporting practices, and provide guidance for the
classification and recording of transactions and balance sheet/stock
positions;
a.Define the criteria for classifying entities for each
subsector as outlined in GFSM 2014 (including all state-owned
enterprises into financial or nonfinancial corporations based on the
nature of their activities) and develop a guidance document for approval
by State Secretary of MOF;
b.Review and classify all general
government entities covered under the 2017 Consolidated Financial
Statements in accordance with the GFSM 2014;
c.Review of current
consolidation practices for producing the annual consolidated financial
statements against the GFS consolidation rules of GFSM 2014;
d.Review the existing procedures for monthly budget reporting and templates for fiscal reporting;
e.Renew the monthly reporting templates and procedural manual based on the recommendations of the GFSM 2014;
f.Analyze
the current practice of consolidation of fiscal reports on a monthly
and annual basis and develop a guidance document for approval by the
Finance Minister on identifying inter- and intra-sectoral flows and
stock positions; and
g.Review issues related to classification,
recording of transactions, other economic flows, and stock positions and
produce a report.
II. Provide support in the approval process
for the draft guidance and templates, through carrying out the following
activities in collaboration with TD, MOF:
a.Organize discussions and consultations on the draft documents amongst specialists in the field and relevant stakeholders;
b.Develop training materials covering the content of the manual to be developed for monthly fiscal reporting and templates;
c.Prepare
a training plan and conduct training with the MOF staff for line
ministries and relevant local government/aimag officials;
d.Respond
to the related ad hoc consultations carried out by the TD, and perform
any other tasks as reasonably assigned by the Director-General of the
Treasury Department.
SHORTLISTING CRITERIA/CONSULTANT’S QUALIFICATIONS:
Education and Knowledge:
A suitable candidate must have a master’s degree in relevant field:
Statistics, Accounting, Finance or any other relevant fields;
Proven knowledge of GFS principles will be desirable;
Experience:
Incumbent should have at least 10 years of working experience in the
finance and statistics/accounting field in the public sector;
Previous experience in a working on fiscal reporting documents and other
policy and methodology documents will be considered a plus;
Language skills:
Fluent written and spoken Mongolian and English.
Other skills:
Excellent interpersonal skills with the ability to function effectively
and collaboratively in a team environment and high integrity and
accountability;
Be proficient in PC based applications such as
Word, Excel and data management, and have excellent web research and
navigation skills;
CONTRACT DURATION:
The consultant’s
assignment is expected to commence in June 2018. The assignment
duration should be 10 months. 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 11:00, July 09, 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