Wk1 Wk2 Wk3 Wk4 Wk5 Wk6 Wk7 Wk8 Wk9 Wk10 Wk11 Wk12

S Activity Wk1 Wk2 Wk3 Wk4 Wk5 Wk6 Wk7 Wk8 Wk9 Wk10 Wk11 Wk12
1 Literature
Review
2 Key
stakeholder
interviews
3 Inception
Report/Data
Gaps Review
4 Information
Analysis
5 Preparation
of
Assessment
Report
6 Presentation
and
Validation
7 Draft Review
and
Incorporation
of Feedback
8 Submission
of Final
Assessment
Report
 governance context of Somalia.
At least seven (7) years’ experience in the finance or technology sector. Experience in
sector regulation and public policy is desirable.
 At least three (3) years’ experience working in a country context


have overall responsibility for the delivery of the assignment and will supervise the other team
members. (S)he will also maintain communication with the client and contract management team. The
minimum requirements for this
 Consultant will be selected in accordance with the procedures set out in the World
Bank’s Procurement Regulations for IPF Borrowers, Procurement in Investment
Financing Goods, Works, Non-Consulting and Consulting Services
have overall responsibility for the delivery of the assignment and will supervise the other team
members. (S)he will also maintain communication with the client and contract management team. The
minimum requirements for this position are
 At least three (3) years’ experience working in a country context


 have overall responsibility for the delivery of the assignment and will supervise the
other team members. (S)he will also maintain communication with the client and
contract management team. The minimum requirements for this position are:
 At least three (3) years’ experience working in a country context similar to Somalia.
 At least two (2) years’ experience in financial and regulatory analysis, business modeling
 The


 A Consultant will be selected in accordance with the procedures set out in the World
 have overall responsibility for the delivery of the assignment and will supervise the
other team members. (S)he will also maintain communication with the client and
 The


A Consultant will be selected in accordance with the procedures set out in the World
1.
2.
3. Specialists (Finance, Technology, and Compliance and Reporting) Specialist (looking at
ii) financial and systems sustainability)
Team Co
 University Degree in Banking, Finance, Economics, Business Administration, or similar

Th
e consultant firm will deploy up to four (4) consultants f
November 2017. Selection Procedures for Consulting Firms
S Activity TL/Gov Specialist Finance and Technology Compliance and Reporting

Specialist Specialist
1 Literature 5 6 5
Review
2 Key 10 9 4
stakeholder
interviews
3 Inception 4 6 6
Report/Data
Gaps Review
4 Information 10 10 10
Analysis
5 Preparation 16 16 16
of
Assessment
Report
6 Presentation 6 5 4
and
Validation
7 Draft Review 5 5 5
and
Incorporation
of Feedback
8 Submission 3 3 3
of Final
Assessment
Report
Total Days 59 60 53
Total Billed 172
Days
The assignment will have a duration of six calendar months with the possibility of an extension
for a further six calendar months.

Team Co

The consultant firm will deploy up to four (4) consultants f
November 2017. Selection Procedures for Consulting Firms The assignment will have a duration of
six calendar months with the possibility of an extension for a further six calendar months .

1 Literature 5 6 5
Review
2 Key 10 9 4
stakeholder
interviews
3 Inception 4 6 6
Report/Data
Gaps Review
Analysis
of
Assessment
Report
and
Validation
and
Incorporation
of Feedback
8 Submission 3 3 3
of Final
Assessment
Report
Total Days 59 60 53
Total Billed 172
Days
Work Plan
5. Team Leader/Governance Specialist (looking at (i) governance)


 with at least seven years of experience in a relevant position or business sector.
 Alternatively, an advanced degree with at least five years of experience in a relevant
position or business sector.

Team Co

The consultant firm will deploy up to four (4) consultants f
November 2017. Selection Procedures for Consulting Firms.

 TL will have overall responsibility for the delivery of the assignment and will supervise
the other team members. (S)he will also maintain communication with the client and



 At least seven (7) years’ experience in the finance or technology sector. Experience in


 The

 in the financial and telecommunication sectors;


 or technology analysis and selection as appropriate.
 Consultants is drawn to paragraphs 3.14, 3.16 and 3.17 of the World Bank’s
Procurement Regulations for IPF Borrowers: Procurement in Investment Financing -
Goods, Works, Non-Consulting and Consulting Services dated July 2016 and revised in
November 2017, setting forth the World Bank’s policy on conflict of interest.

with at least seven years of experience in a rele

 mposition
 Team Leader/Governance Specialist
 Finance and Technology Specialist
 Regulatory Compliance and Reporting Specialist

 A Consultant will be selected in accordance with the procedures set out in the World
Financing Goods, Works, Non-Consulting and Consulting Services dated July 2016 and
revised in November 2017. Selection Procedures for Consulting Firms.
 TL will have overall responsibility for the delivery of the assignment and will supervise
the other team members. (S)he will also maintain communication with the client and





or technology analysis and selection as appropriate.

with at least seven years of experience in a rele

 mposition

 The TL will have overall responsibility for the delivery of the assignment and will
supervise the other team members. (S)he will also maintain communication with the
client and contract management team. The minimum requirements for this position are:


 Fluent/working understanding of English. Fluency and understanding of Somali is an
advantage.
TIMING AND DURATION
Work Plan


 At least seven (7) years’ experience working in economic and financial environments
similar to Somalia including at least three (3) leading projects of similar sophistication
and complexity.
Demonstrable knowledge of political and

1.
2.
3.
4. in the financial and telecommunication sectors;
Consultants is drawn to paragraphs 3.14, 3.16 and 3.17 of the World Bank’s


with at least seven years of experience in a relevant position or business sector.



TIMING AND DURATION
Work Plan

 with at least seven years of experience in a relevant position or business sector.

Team Composition
Team Leader/Governance Specialist
Finance and Technology Specialist
Regulatory Compliance and Reporting Specialist
The TL will have overall responsibility for the delivery of the assignment and will supervise the other
team members. (S)he will also maintain communication with the client and contract management team.
The minimum requirements for this position are:
Federal Government of Somalia
Terms of Reference for Consultancy Services
Financial Sustainability Assessment– SCALE UP Beneficiary Institutions
Background
The Federal Government of Somalia recognizes the significant role of the SCALED- UP Projects
to improve financial and digital access that will support entrepreneurship, jobs and livelihoods,
particularly for youth and women in Somalia. It is noted that the project will support a series of
focused interventions including targeted institutional strengthening, providing line of credit to
micro, small and medium sized enterprises, introducing policy and legal frameworks related to
the digital identification systems and back financial technology (fintech) to boost usage of
digital financial services and to expand financial access and inclusion.
The SCALED-UP is built upon operations currently in progress to strengthen legal and regulatory
foundations, institutional capacity, and financial and telecommunications infrastructure under
the SCORE and ICT Sector Support programs. In addition, the project is aligned with the 2018-
2020 Financial Sector Roadmap developed by the Central Bank of Somalia (CBS) and the ICT
Sector Strategy of the Ministry for Posts, Telecoms and Technology (MPTT).
Scope of Work:
The Ministry of Finance plans to undertake Fiscal Sustainability Analysis on the supported interventions
under SCALED-UP for targeted beneficiary institutions (Central Bank of Somalia, Financial Reporting
Center, National Communication Agency, Ministry for Posts, Telecoms and Technology(MPTT), Ministry
of Commerce and Industry and Ministry of Interior). This include assessing supported infrastructure: i)
governance arrangements, and ii) financial sustainability to ensure long-term affordability and
availability of services.
These are expanded further to include:
Conducting a financial management assessment of the executing and implementing agencies

including:
Preparing financial projections and conducting financial analyses of the beneficiary agencies,
and incremental recurrent costs, to determine financial sustainability, and reviewing proposed
cost-recovery, including affordability;
Where significant risks are identified to financial sustainability or viability, proposing relevant
financial performance indicators to be incorporated in financial covenants; and
Assessing and reaching agreement on financial reporting, auditing and public disclosure
arrangements from beneficiary agencies.
Confirm that beneficiary entities have an appropriate governance structure to manage the
infrastructure and service delivery once the project implementation phase is completed, while
identifying and closing potential gaps and risks.
Documentation of regulatory and reporting requirements with a focus on financial

sustainability goals of the targeted government agencies
Core Areas of Assessment
Governance
Financial and Systems Sustainability

Downstream Risk Assessment
Deliverables
Literature Review
Key stakeholder interviews
Inception Report/ Data Gaps Review
Information Analysis
Preparation of Assessment Report
Presentation and Validation
Draft Review and incorporation of feedback
Submission of Final Assessment Report
TIMING AND DURATION
Work Plan
Qualification
Ministry of Finance now invites eligible consulting firms (“Consultant”) 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 short listing criteria are
as follows:
General experience and capability in providing services for Financial and Systems Sustainability
Assessment;
Specific experience in successfully performing similar assignments on Financial and Systems
Sustainability Assessment, specially in the financial and telecommunication sectors;
Experience of relevant services in an environment similar to that of Somalia; and
The technical and managerial organization of the firm. (Provide only the structure of the organization,
general qualifications and number of key staff. Do not provide CV of staff.)
Attention of interested Consultants is drawn to paragraphs 3.14, 3.16 and 3.17 of the World Bank’s
Procurement Regulations for IPF Borrowers: Procurement in Investment Financing - Goods, Works, Non-
Consulting and Consulting Services dated July 2016 and revised in November 2017, setting forth the
World Bank’s policy on conflict of interest.
A Consultant will be selected in accordance with the procedures set out in the World Bank’s
Procurement Regulations for IPF Borrowers, Procurement in Investment Financing Goods, Works, Non-
Consulting and Consulting Services dated July 2016 and revised in November 2017. Selection Procedures
for Consulting Firms.
Consultants may associate with other firms in the form of a joint venture or a sub consultancy to
enhance their qualifications. The nature of association, whether it is a joint venture or a sub
consultancy, should clearly be stated. In case of joint venture, the firm leading the joint venture should
be mentioned.
A Consultant will be selected in accordance with the Consultant Qualification Selection method (CQS)
set out in the World Bank’s Procurement Regulations for IPF Borrowers
Team Composition
Team Leader/Governance Specialist
Finance and Technology Specialist
Regulatory Compliance and Reporting Specialist
The consultant firm will deploy up to four (4) consultants for this assignment, composed of:
Team Leader/Governance Specialist (looking at (i) governance)
The TL will have overall responsibility for the delivery of the assignment and will supervise the
other team members. (S)he will also maintain communication with the client and contract
management team. The minimum requirements for this position are:
in the financial and telecommunication sectors;
Consultants is drawn to paragraphs 3.14, 3.16 and 3.17 of the World Bank’s Procurement Regulations
for IPF Borrowers: Procurement in Investment Financing - Goods, Works, Non-Consulting and Consulting
Services dated July 2016 and revised in November 2017, setting forth the World Bank’s policy on conflict
of interest.
A Consultant will be selected in accordance with the procedures set out in the World Bank’s
Procurement Regulations for IPF Borrowers, Procurement in Investment Financing Goods, Works, Non-
Consulting and Consulting Services dated July 2016 and revised in November 2017. Selection Procedures
for Consulting Firms.
At least seven (7) years’ experience working in economic and financial environments similar to Somalia
including at least three (3) leading projects of similar sophistication and complexity.
Demonstrable knowledge of political and governance context of Somalia.
Fluent/working understanding of English. Fluency and understanding of Somali is an advantage.


 Specialists (Finance, Technology, and Compliance and Reporting) Specialist (looking at
 Team Composition

The consultant firm will deploy up to four (4) consultants for this assignment, composed of:




other team members. (S)he will also maintain communication with the client and contract
management team. The minimum requirements for this position are:
5. in the financial and telecommunication sectors;

Consultants is drawn to paragraphs 3.14, 3.16 and 3.17 of the World Bank’s

TIMING AND DURATION
Work Plan
S Activity Wk1 Wk2 Wk3 Wk4 Wk5 Wk6 Wk7 Wk8 Wk9 Wk10 Wk11 Wk12
1 Literature
Review
2 Key
stakeholder
interviews
3 Inception
Report/Data
Gaps Review
4 Information
Analysis
5 Preparation
of
Assessment
Report
6 Presentation
and
Validation
7 Draft Review
and
Incorporation
of Feedback
8 Submission
of Final
Assessment
Report
Breakdown of Consultant Days
TIMING AND DURATION
Work Plan
other team members. (S)he will also maintain communication with th
 At least seven (7) years’ experience working in economic and financial environments
similar to Somalia including at least three (3) leading projects of similar sophistication
and complexity.
Demonstrable knowledge of political and

1 Literature 5 6 5
Review
2 Key 10 9 4
stakeholder
interviews
3 Inception 4 6 6
Report/Data
Gaps Review
Analysis
of
Assessment
Report
and
Validation
and
Incorporation
of Feedback
8 Submission 3 3 3
of Final
Assessment
Report
Total Days 59 60 53
Total Billed 172
Days

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S Activity Wk1 Wk2 Wk3 Wk4 Wk5 Wk6 Wk7 Wk8 Wk9 Wk10 Wk11 Wk12

 governance context of Somalia.

 At least three (3) years’ experience working in a country context

 governance context of Somalia.

 At least three (3) years’ experience working in a country context

 governance context of Somalia.

 governance context of Somalia.

 University Degree in Banking, Finance, Economics, Business Administration, or similar

November 2017. Selection Procedures for Consulting Firms

S Activity TL/Gov Specialist Finance and Technology Compliance and Reporting

4. Specialists (Finance, Technology, and Compliance and Reporting) Specialist (looking at

 University Degree in Banking, Finance, Economics, Business Administration, or similar

S Activity TL/Gov Specialist Finance and Technology Compliance and Reporting

5. Team Leader/Governance Specialist (looking at (i) governance)

6. Specialists (Finance, Technology, and Compliance and Reporting) Specialist (looking at

 University Degree in Banking, Finance, Economics, Business Administration, or similar

November 2017. Selection Procedures for Consulting Firms.

Demonstrable knowledge of political and

 University Degree in Banking, Finance, Economics, Business Administration, or similar

TIMING AND DURATION

8. Specialists (Finance, Technology, and Compliance and Reporting) Specialist (looking at

Team Leader/Governance Specialist

Finance and Technology Specialist

Regulatory Compliance and Reporting Specialist

Federal Government of Somalia

Terms of Reference for Consultancy Services

Financial Sustainability Assessment– SCALE UP Beneficiary Institutions

These are expanded further to include:

Conducting a financial management assessment of the executing and implementing agencies

Documentation of regulatory and reporting requirements with a focus on financial

Core Areas of Assessment

Financial and Systems Sustainability

Key stakeholder interviews

Inception Report/ Data Gaps Review

Preparation of Assessment Report

Presentation and Validation

Draft Review and incorporation of feedback

Submission of Final Assessment Report

TIMING AND DURATION

Experience of relevant services in an environment similar to that of Somalia; and

Team Leader/Governance Specialist

Finance and Technology Specialist

Regulatory Compliance and Reporting Specialist

in the financial and telecommunication sectors;

Demonstrable knowledge of political and governance context of Somalia.

Fluent/working understanding of English. Fluency and understanding of Somali is an advantage.

 University Degree in Banking, Finance, Economics, Business Administration, or similar

 University Degree in Banking, Finance, Economics, Business Administration, or similar

9. Team Leader/Governance Specialist (looking at (i) governance)

5. in the financial and telecommunication sectors;

TIMING AND DURATION

TIMING AND DURATION

10. Team Leader/Governance Specialist (looking at (i) governance)

Demonstrable knowledge of political and

S Activity TL/Gov Specialist Finance and Technology Compliance and Reporting

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