Tenders Are Invited For Diagnostic Assessment To Determine The Feasibility Of Establishing A Partial Credit Guarantee Fund Pcgf To Support Enterprise Development

Tenders Are Invited For Diagnostic Assessment To Determine The Feasibility Of Establishing A Partial Credit Guarantee Fund Pcgf To Support Enterprise DevelopmentProject Name Partial Credit Guarantee Fund Pcgf To Support Enterprise Development In The Turks And Caicos IslandsThe Government Of Turks And Caicos Islands Has Applied For Financing From The Caribbean Development Bank Cdb Towards The Cost Of A Diagnostic Assessment To Determine The Feasibility Of Establishing A Partial Credit Guarantee Fund Pcgf To Support Enterprise Development In The Turks And Caicos Islands And Intends To Apply A Portion Of The Proceeds Of This Financing To Eligible Payments Under A Contract For Which This Invitation Is Issued Payments By Cdb Will Be Made Only At The Request Of Government Of Turks And Caicos Islands And Upon Approval By Cdb And Will Be Subject In All Respects To The Terms And Conditions Of The Financing Agreement The Financing Agreement Prohibits Withdrawal From The Financing Account For The Purpose Of Any Payment To Persons Or Entities Or For Any Import Of Goods If Such Payment Or Import To The Knowledge Of Cdb Is Prohibited By A Decision Of The United Nations Security Council Taken Under Chapter Vii Of The Charter Of The United Nations No Party Other Than The Government Of Turks And Caicos Islands Shall Derive Any Rights From The Financing Agreement Or Have Any Claim To The Proceeds Of The Financing The Ministry Of Finance Trade And Investment The Executing Ministry Now Wishes To Procure Consultancy Services To Undertake A Diagnostic Assessment To Determine The Feasibility Of Establishing A Partial Credit Guarantee Fund Pcgf To Support Enterprise Development The Objective Of The Consultancy Is To Assess The Level Of Demand For And The Feasibility Of Establishing A Partial Credit Guarantee Fund Pcgf That May Address The Lack Of Access To Finance Which Has Long Been A Challenge To Small Businesses Operating In The Tci Made Worse After The Global Financial Crisis The Project Will Have Two Phases 1 The Diagnostic Assessment That Will Determine Whether The Pcgf Is Feasible And 2 If Deemed Feasible In The First Stage The ConsultantS Contract Will Be Amended To Include The Second Stage To Design An Appropriate Pcgf Model For The Turks And Caicos Islands The Duration Of The Assignment Is Expected To Be For A Period Of Six 6 Months The Ministry Of Finance Trade And Investment Now Invites Interested Eligible Consulting Firms To Submit Expressions Of Interest For The Provision Of These Consultancy Services EligiblityConsultants Shall Be Eligible To Participate If 1 In The Case Of A Body Corporate It Is Legally Incorporated Or Otherwise Organised In An Eligible Country Has Its Principal Place Of Business In An Eligible Country And Is More Than 50 Per Cent Beneficially Owned By Citizen S And Or Bona Fide Resident S Of Eligible Country Ies Or By A Body Ies Corporate Meeting These Requirements 2 In The Case Of Unincorporated Firms The Persons Are Citizens Or Bona Fide Residents Of An Eligible Country And3 In All Cases The Consultant Has No Arrangement And Undertakes Not To Make Any Arrangements Whereby Any Substantial Part Of The Net Profits Or Other Tangible Benefits Of The Contract Will Accrue Or Be Paid To A Person Not A Citizen Or Bona Fide Resident Of An Eligible Country Eligible Countries Are Member Countries Of Cdb The Attention Of Interested Consultants Is Drawn To Paragraph 1 9 Of CdbS Guidelines For The Selection And Engagement Of Consultants 2011 Setting Forth CdbS Policy On Conflict Of Interest In The Assessment Of Submissions Consideration Will Be Given To Technical Competence Qualifications And Experience Local And Regional Experience On Similar Assignments Financial Capability And Existing Commitments For Phase 1 And 2 Of The Assessment Although The Initial Contract Would Be For Phase 1 All Information Must Be Submitted In English Further Information May Be Obtained From The First Address Below Between 8 00 Am And 4 30 Pm Monday To Friday InstructionsElectronic Copies Of The Expressions Of Interest Must Be Received At The First Address Below No Later Than 3 00 Pm On Friday 15Th November 2019 Turks And Caicos Islands Time Also Three 3 Hard Copies Should Be Sent By Courier By That Deadline And One Electronic Copy Must Be Sent Simultaneously By Email To Cdb At The Second Address Below The Sealed Envelope Containing Each Submission Should Include The Name And Address Of The Applicant And Shall Be Clearly Marked Expression Of Interest Consultancy Services For The Diagnostic Assessment To Determine The Feasibility Of Establishing A Partial Credit Guarantee Fund Pcgf To Support Enterprise Development In The Turks And Caicos Islands Following The Assessment Of Submissions A Short List Of Not Less Than Three And Not More Than Six Applicants Will Be Provided With Full Terms Of Reference And Invited To Submit Technical And Financial Proposals To Undertake The Assignment The Government Of Turks And Caicos Islands Reserves The Right To Accept Or Reject Late Applications Or To Cancel The Present Invitation Partially Or In Its Entirety It Will Not Be Bound To Assign Any Reason For Not Short Listing Any Applicant And Will Not Defray Any Costs Incurred By Any Applicant In The Preparation And Submission Of Expressions Of Interest Office Of The Deputy GovernoWaterloo PlazaWaterloo RoadGrand TurkTurks And Caicos Islands Procurement Gov Tc2 Procurement OfficerProcurement Policy UnitCaribbean Development BankP O Box 408Wildey St MichaelBarbados 246 431 1600 246 426 7269 Procurement Caribank Org

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