 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.

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

ii) financial and systems sustainability)
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

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
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.
(i) 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.
(ii) Documentation of regulatory and reporting requirements with a focus on financial
sustainability goals of the targeted government agencies

Core Areas of Assessment

i) Governance
ii) Financial and Systems Sustainability
iii) 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

The assignment will have a duration of six calendar months with the possibility of an extension
for a further six calendar months.

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:
 1. General experience and capability in providing services for Financial and Systems
Sustainability Assessment;
2. Specific experience in successfully performing similar assignments on Financial and
Systems Sustainability Assessment, specially in the financial and telecommunication
sectors;
3. Experience of relevant services in an environment similar to that of Somalia; and
4. 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:

2. 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:
 5. 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.

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

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.

 Specialists (Finance, Technology, and Compliance and Reporting) Specialist (looking at
ii) financial and systems sustainability)
 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:

 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 similar to Somalia.
  At least two (2) years’ experience in financial and regulatory analysis, business modeling
or technology analysis and selection as appropriate.

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

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.





3. 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:

6. 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.

TIMING AND DURATION

The assignment will have a duration of six calendar months with the possibility of an extension
for a further six calendar months.

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

The assignment will have a duration of six calendar months with the possibility of an extension
for a further six calendar months.

Work Plan
 4. 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 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

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