Killefit consult

consultant sourcing and project management

SME Interventions Ltd. U.K. - Experts + Projects S.A. CR

Feasibility study of an ACP Investment Bank project

Country/ Location of the position

ACP Region

Status/Reference

FWC

Agency/Donor

Experts

Expert Senior in operations of multilateral development banks and ACP countries' financing institutions

Expert Junior (at least 3 years of experience), event coordinator

Start + duration of project

30/04/2012 - 30/10/2012

Duration of mission

60.00 working days

30.00 working days

5.00 working days

Required language

Fluent in English, with a good working knowledge of French

Deadline

17.04.12 Recruitment starts immediately upon publication of this vacancy announcement, posts may be filled already before the indicated application deadline.

ToR

Available hereunder

Eligible Nationalities

All

Observations

Only short listed consultants will be replied to.

Please apply only if you fulfill all requirements for the vacant position

All experts must have at least regional experience

Sending us your application is a commitment and we expect you to be available for the mission you are applying for.

Download EU AID CV template in the 4 main languages of the EC

Please send us your CV in the EU AID format http://wp.me/p1sHoW-5D

Our web page

http://www.killefitconsult.com/beta/

CONTACT

applications@killefitconsult.com

Only short listed consultants will be replied to.

If you wish to submit your candidature, please send us:

1 - Your up dated and position-adjusted CV in EU AID format, in the language of vacancy and as word.doc detailing qualifications, experience in similar assignments. CVs in other format than EU format will not be evaluated.

2 - The country, no of position/field (s) you will apply for in the subject line of message

3 - Your daily/monthly fee (EUR) without the living allowances.

4 - Your communication details (Mobil, phone, etc.)

5- applicants are encouraged to create consultant profiles in our online registry at: http://www.killefitconsult.com/beta/

Suggestions: Please make sure, that the experience requested is also shown "Description" section 14 of your CV. As the selections are very strict and paper based, we request you to prepare your CV in the right format and detail all the relevant experience under the Professional experience table as much as possible. There is no problem if your CV is long, the most important is to prepare so that it describes clearly your experiences relevant to the mission. (Your CV has to sell you!)

Restrictions: In case consultants are short listed, they must be able to provide documentary evidence for educational and professional items in their CVs (copies of diplomas, copies of employers' reference letters, etc.). Documents those are not available in English have to be accompanied by a faithful translation. This is mandatory requirement for Europe Aid tenders.

DESCRIPTION

Profile: Expert 1

Categoy of expert Senior (at least 10 years of experience)

Duration 60.00 working days

Requirements

ïƒ˜ï€ Minimum requirements

•ï€ University degree in economics, finance, banking or related field, with proven knowledge of international finance matters.

•ï€ Fluent in English, with a good working knowledge of French

•ï€ Excellent communication and interpersonal skills to be able to interact with staff at all levels

•ï€ A minimum of 10 years relevant professional experience

ïƒ˜ï€ Specific professional experience:

•ï€ Practical experience in the field of banking and finance and especially with a good knowledge of operations of multilateral development banks and ACP countries' financing institutions.

•ï€ Practical knowledge of international financing mechanisms.

ïƒ˜ï€ Responsibilities:

The team leader will have the overall responsibility of services I to XIV as described under heading 2.3

Profile: Expert 2

Categoy of expert Senior (at least 10 years of experience)

Duration 30.00 working days

Requirements

ïƒ˜ï€ Minimum requirements

•ï€ University degree in Law or related field, with proven knowledge of international finance matters.

•ï€ Fluent in English, with a good working knowledge of French

•ï€ A minimum of 10 years relevant professional experience

ïƒ˜ï€ Specific professional experience:

•ï€ Practical experience in the field of banking and finance and especially with a good knowledge of operations of multilateral development banks and ACP countries' financing institutions.

•ï€ Significant and broad experience in private sector development issues, particularly in the business investment frameworks.)

ïƒ˜ï€ Responsibilities:

The legal expert will be responsible for drafting the Legal Framework for the proposed Entity (service XV).

The legal expert will produce a report advising on the following:

•ï€ Organisational set-up of the entity;

•ï€ The Legal Instrument setting up the entity;

•ï€ The powers and division of responsibilities between the key authorities, from the Board to the CEO and key management and other staff;

•ï€ Appointment and dissolution of Board, CEO and principal staff;

•ï€ The key financial products and services to be provided by the entity;

•ï€ Prepare a draft Statute of the entity;

•ï€ Advise on the overall process of registering the entity;

Profile: Expert 3

Categoy of expert Junior (at least 3 years of experience)

Duration 5.00 working days

Requirements

ïƒ˜ï€ Minimum requirements

•ï€ At least three years of relevant experience (event organisation or related activities)

•ï€ Fluency in English and French

•ï€ Excellent communication and interpersonal skills to be able to interact with staff at all levels

ïƒ˜ï€ Specific professional experience:

•ï€ Experience in organising events involving participants coming from different countries

ïƒ˜ï€ Responsibilities:

The event coordinator will be responsible for organising the validation workshop in Brussels (service XVI), which implies:

- Contacting the technicians, getting their desiderata regarding travel arrangement, make the corresponding purchase of flight tickets and organise the delivery of travel tickets.

- Make a bulk booking of the required amount of rooms in a hotel near the conference venue and of an appropriate standard.

- Inform technicians of the arrangements made

- Be physically present during the validation workshop to collect supporting documents and pay per-diem (per-diem will be paid using the official rate as published on the EuropeAid website, from which the cost of hotel rooms will be deducted).

- arrange two coffee breaks each day of the 2-day workshop for 40 persons

EC rules applicable to any EC assignment

• Working days are from Monday to Friday, if not indicated otherwise in the ToR

• Per diem covers all expenses of the expert (local transport, hotel, meals, telecom, etc) and it is only paid if the expert stay overnight.

• International travel: the EC only reimburse economy class flight tickets

Terms of reference

FRAMEWORK CONTRACT BENEFICIARIES

LOT No 11 Macro economy, Public finances and Regulatory aspects

TERMS OF REFERENCE FOR A TECHNICAL STUDY FOR THE ACP INVESTMENT BANK

TECHNICAL CONSULTANT

1. BACKGROUND

Beneficiary Institutions

The Secretariat of the ACP Group, representing the African, Caribbean and Pacific (ACP) Group of States.

1.1. Contracting Authority

The European Commission, on the behalf of the ACP Secretariat.

1.2. Relevant institutional background

1.2.1. The Secretariat of the ACP Group of States

The Secretariat of the ACP Group was created under the Georgetown Agreement signed on 6 June 1975. Part of its key areas of its mandate is monitoring the implementation of the ACP-EC Partnership Agreement, and implementation of the decisions of the main organs of the ACP Group namely the Summit of Heads of State and Government, the Council of Ministers, the Committee of Ambassadors and the ACP Parliamentary Assembly.

In this respect, the Secretariat is entrusted by the Georgetown Agreement to provide good quality technical and administrative support and services to the members and organs of the ACP Group. The Secretariat carries out the tasks assigned to it by the various organs of the Group through the implementation of their decisions and its own initiatives aimed at contributing to the harmonious realisation of the Group's tasks. Moreover, the Secretariat acts as co-Secretariat of the joint institutions, liaising between the two sides and participating in the preparation of joint technical documents and draft proposals.

The ACP Secretariat thus services all of these institutions by, inter alia, servicing meetings of ACP and ACP-EU organs, in, inter alia, providing specialized technical advice and policy papers on issues that constitute the main pillars of ACP-EU Partnership and others that contribute to the attainment of the objectives of the Georgetown Agreement.

The ACP Secretariat, including its Geneva Antenna, is the only permanent executive Organ of the ACP Group and its collaboration with the European Commission dates as far back as the creation of the ACP Group in 1975. It has been the technical arm in the negotiations leading to the conclusion of all ACP-EU Conventions including the current Cotonou Agreement, and to the first phase of the EPA negotiations and has continued to play the coordinating role during the EPA negotiations with the six ACP regional configurations for these negotiations.

1.2.2. The other ACP Organs and the EU-ACP Joint Institutions

The ACP Organs

The Georgetown Agreement establishes the Council of ACP Ministers as one of the decision-making bodies of the ACP Group and provides that it "shall define the broad outlines of the work to be undertaken for the attainment of the objectives" of the Group. The Council meets twice a year in regular session and has established a number of Ministerial Committees and Consultative Groups, dealing with specific subjects, i.e.: Development Finance Cooperation, Ministerial Trade Committee, Bananas, Sugar, Cotton, which usually meet in conjunction with the Council.

The Georgetown Agreement provides that the ACP members of the ACP-EU Joint Parliamentary Assembly (JPA) act as an advisory body to the ACP Group. They meet twice a year. The Meeting of ACP members of the Joint Parliamentary Assembly is the organisation of ACP Parliamentarians who are members of the ACP-EU Joint Parliamentary Assembly.

The Georgetown Agreement also established the Committee of Ambassadors as one of the decision-making bodies of the ACP Group. The Agreement specifies that the Committee of Ambassadors "shall assist the Council of Ministers in the performance of its functions and shall carry out any mandate entrusted to it by the Council of Ministers". The Committee of Ambassadors meets, at least, twice a month. It has set up 6 Subcommittees, on Trade and Commodity Protocols, Financing and Development, Establishment and Finance, Political, Cultural, Social and Humanitarian matters, Sustainable Development, Private Sector and Investment, which on average also meet twice a month as well as Working Groups for cotton, sugar, banana, rice, REACH and countries under sanctions.

Under the Cotonou Agreement the National and Regional Authorising Officers are responsible, inter alia, for the coordination, programming, regular monitoring and annual, mid-term and end-of-term reviews of implementation of the ACP-EC development finance cooperation, and for coordination with other donors.

Finally, the ACP Heads of State and Government have held regular meetings (5 times) since 1997 when they held their first Summit in Libreville.

The Joint Institutions

The Cotonou Agreement establishes the ACP-EC Council of Ministers as the principal decision-making body of the ACP-EC partnership that meets once a year. The Agreement also creates the ACP-EC Development Finance Cooperation Committee and the Joint ACP-EC Ministerial Trade Committee. They usually meet twice a year and report to the Joint Council. The ACP-EU Joint Parliamentary Assembly acts as a consultative body, under the Cotonou Agreement.

Furthermore, the ACP-EC Conventions (including the Cotonou Partnership Agreement) created the ACP-EC Committee of Ambassadors in order to "assist the Joint ACP-EC Council of Ministers in the fulfilment of its tasks and carry out any mandate entrusted to it by the Joint Council", which usually meets once a year.

1.3. Context of the action

During the Extraordinary Session of the Council of Ministers in Montego Bay, Jamaica, in July 1980, a resolution was taken that a Group of Experts be put together to draw up a framework for the creation of an ACP Bank that would promote trade and investment among the ACP countries. To that end, a decision was taken under Resolution No. 10 of 1980 to pursue the project of creating an ACP Bank. Unfortunately, there was not enough follow-up and the project reached a dead end.

However, in recent times, there is a growing demand for a financing vehicle that would finance private sector development in the ACP countries while promoting intra-ACP trade and investments. This demand has become particularly pressing in the context of the global financial crisis and the credit crunch which has undermined the capacity of ACP governments and private sectors to access finance in international capital markets.

The idea is to create a private-sector led Investment Bank that mobilises resources from member states, the EU, other development partners and the international capital markets and provides financing in critical areas to ACP member states and private sectors.

During the 93^rd Session of the ACP Council of Ministers in Brussels during 26 – 29 May 2011, the Honourable Ministers took a decision under Decision No. 4/XCIII/11 mandating the Secretariat to prepare a report together with a set of practical recommendations for the establishment of an ACP trade, Investment and Development Bank. They directed the Secretariat to submit its recommendations to the Committee of Ambassadors and to the 94^th Ministerial Council meeting.

The proposed bank will be a multilateral institution with strong private sector participation and will be open to ACP as well as EU member states, and, eventually, other interested third parties. It will seek to focus on niche areas that do not compete with the private sector or with what other multilateral banks are already doing, among them mobilisation of venture capital, trade finance and infrastructures development. It will operate as a world-class multilateral finance institution committed to excellence in its management and operations.

2. DESCRIPTION OF THE ASSIGNMENT

2.1. Global and specific objectives of the contract

The global objective of the assignment is to ensure that projects that are key to the development of ACP countries and that cannot be financed by the existing financing channels (private and public) are realized.

The specific objective of the assignment is to contribute to the successful preparation of a comprehensive report on the feasibility and implementation framework for an ACP Trade, Investment and Development Bank, focusing on the organisation, structure and operations of such a new entity.

2.2. Beneficiaries

The ACP Organs and the EU-ACP Joint Institutions which will use the results of the study to further discuss the relevance of such set up

2.3. Requested services

Under the supervision of the EC and the ACP Secretariat and in order to achieve the above mentioned objectives, it will be required and expected from the Consultant, in consultations with the ACP Secretariat, to:

I. Make an analysis of the financing gap in ACP countries

II. Review the existing regional and financial institutions

III. Provide justifications and rationale for a new financial entity

IV. Do a market survey for such a new financial entity

V. Propose an organisation and structure of the financial entity

VI. Bearing in mind the reputation of multilateral finance institutions for slowness and bureaucracy, propose an operational structure that would fit the needs of a trade and investment entity that speedily responds to the needs of its clients, without prejudice to the proper checks

VII. Propose membership and location

VIII. Propose sources to mobilise capital

IX. Describe operational activities and financial instruments

X. Discuss the comparative advantage of the new entity over existing MFIs

XI. Propose strategies for getting a buy-in from key stakeholders

XII. Evaluate risks and ways of mitigate them

XIII. Enunciate a business model for the proposed entity

XIV. Design a LogFrame for the implementation of the project (including key milestones and timelines)

XV. Drafting of a Legal Framework for the proposed Entity

XVI. Organise a validation workshop in Brussels: 30 technicians coming from different parts of the ACP world will be identified by the ACP secretariat and invited to participate in a validation workshop held in Brussels. This event will be an opportunity to discuss and validate the conclusions of the expert team.

2.4. Expected results

The following key outputs are envisaged:

1. Provide a full and detailed feasibility report as well as action plan and LogFrame for the implementation of the ACP Investment Bank project.

2. Legal Instrument defining the legal personality, organisation structure, principal Authorities and overall set-up and operation of the entity.

3. Ensure that all documents are provided in both French and English

3. EXPERT PROFILE

1. Team Leader (60 working days)

Ø Minimum requirements

· University degree in economics, finance, banking or related field, with proven knowledge of international finance matters.

· Fluent in English, with a good working knowledge of French

· Excellent communication and interpersonal skills to be able to interact with staff at all levels

· A minimum of 10 years relevant professional experience

Ø Specific professional experience:

· Practical experience in the field of banking and finance and especially with a good knowledge of operations of multilateral development banks and ACP countries' financing institutions.

· Practical knowledge of international financing mechanisms.

Ø Responsibilities:

The team leader will have the overall responsibility of services I to XIV as described under heading 2.3

2. Legal expert (30 working days)

Ø Minimum requirements

· University degree in Law or related field, with proven knowledge of international finance matters.

· Fluent in English, with a good working knowledge of French

· A minimum of 10 years relevant professional experience

Ø Specific professional experience:

· Practical experience in the field of banking and finance and especially with a good knowledge of operations of multilateral development banks and ACP countries' financing institutions.

· Significant and broad experience in private sector development issues, particularly in the business investment frameworks.)

Ø Responsibilities:

The legal expert will be responsible for drafting the Legal Framework for the proposed Entity (service XV).

The legal expert will produce a report advising on the following:

· Organisational set-up of the entity;

· The Legal Instrument setting up the entity;

· The powers and division of responsibilities between the key authorities, from the Board to the CEO and key management and other staff;

· Appointment and dissolution of Board, CEO and principal staff;

· The key financial products and services to be provided by the entity;

· Prepare a draft Statute of the entity;

· Advise on the overall process of registering the entity;

3. Event coordinator (5 working days)

Ø Minimum requirements

· At least three years of relevant experience (event organisation or related activities)

· Fluency in English and French

· Excellent communication and interpersonal skills to be able to interact with staff at all levels

Ø Specific professional experience:

· Experience in organising events involving participants coming from different countries

Ø Responsibilities:

The event coordinator will be responsible for organising the validation workshop in Brussels (service XVI), which implies:

- Contacting the technicians, getting their desiderata regarding travel arrangement, make the corresponding purchase of flight tickets and organise the delivery of travel tickets.

- Make a bulk booking of the required amount of rooms in a hotel near the conference venue and of an appropriate standard.

- Inform technicians of the arrangements made

- arrange two coffee breaks each day of the 2-day workshop for 40 persons

Note that the framework contractor will not be asked to book a conference venue/equipment/translation devises. The event will be held at the ACP house (Avenue Georges Henri 451) at no cost.

In consultation with the experts, the ACP secretariat will provide the framework contractor with the names and contact of the 30 technicians.

The evaluation committee will evaluate each expert and give technical note to each CV. The offer final technical note will be calculated using the following coefficients:

Position	coefficients
Team Leader	40%
Legal expert	40%
Event coordinator	20%
Final	100%

4. LOCATION AND DURATION

4.1. Starting date

The expected starting date is 30 of April 2012. In any case the expert should be mobilized no later than 15 days after the signature of the contract.

4.2. Completion date

The total duration of the contract will be 6 calendar months from the start date.

4.3. Planning

The assignment will start with a briefing session with the representatives of the ACP secretariat to discuss the objectives and the study.

The consultant will provide a detailed inception report no later than a week after the briefing session. The contracting authority will have two weeks to provide its comments. The consultant will provide a revised version no later than a week after having received comments.

The consultant will provide a draft final report no later than 1,5 month before the end of the implementation of the contract. The contracting authority will have two weeks to provide its comments. The consultant will provide a revised version no later than a week after having received comments.

4.4. Location of assignment

The location of the assignment will be Brussels - Belgium

5. REPORTING

5.1. Reporting Requirements

The inception report will at least contain a provisional work plan for the implementation of the assignment, a methodology for carrying out the specified tasks described under 2.3 and proposed plan for field missions.

The draft final report will include an executive summary outlining the main results achieved, the activities carried out and the findings and recommendations, and the result of the discussions held during the validation workshop. The draft final report must be written in English and once the final version has been agreed upon, a French translation should be provided.

On top of the electronic copy, six hard-copies of the approved final report will be provided to the Contracting Authority, three in French, three in English.

6. ESTIMATED BUDGET

Overall total budget of the contract may not exceed €199,999. The propose contract is a fee-based contract

6.1. Fees

As stated in the Global ToR of the Framework Contract, the Contractor will make available appropriate management and backstopping mechanisms, quality control systems, secretariat and any other support staff (editors, proof readers etc.) that it considers necessary in order to implement the Contract. The support team will provide all necessary logistical support both prior and during the assignment to allow experts to concentrate on their primary responsibilities.

Regarding the specific assignment, secretariat/office renting costs both in Headquarters and during field missions, which may include rental, communications (fax, phone, mail, internet, courier etc.), report production and secretarial services both in the Contractor's home office and during field missions are considered an overhead included within the fee rates of experts.

Experts shall be fully equipped with portable computers, necessary software and portable printer including paper necessary for printing reports and other documentation.

The Team Leader and the legal expert are expected to be present in Brussels for the briefing session with the representatives of the ACP secretariat and for the validation workshop. The operational base of this contract being Brussels, potential costs relating to the travel of experts to/from Brussels will have to be included in the experts' fees.

With the prior approval of the EC, experts will be allowed to work on Sundays and during legal holidays (expect when meeting are scheduled)

6.2. Reimbursable expenses

A provision for incidental expenditure will have to be included in the budget so as to cover at least costs relating to the following activities:

6.2.1. Field missions:

Missions are understood as journeys from/to the usual place of residence of the experts to/from the rest of the world except to/from the operational base as well as journeys from/to the operational base to/from the rest of the world except from/to the usual place of residence of the experts.

Team leader:

Ø One mission in the Caribbean

Ø One mission in West Africa

Ø One mission in the Pacific

Ø One mission in East Africa

Ø One mission in Southern Africa

Legal expert:

The legal expert will join the team leader in at least three of the most relevant missions. The exact location of these missions will have to be discussed with the ACP secretariat during the briefing session. A detailed mission plan will have to be included in the inception report for formal approval.

6.2.2. Travel expense and per-diem of the 30 technicians:

The framework contractor will have to ensure that a budget is available to cover the costs relating to the participation of the 30 technicians that will attend the validation workshop in Brussels. This includes transport and per-diem in Brussels.

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