Expression Of Interest Are Invited For Credit Guarantee Schemes Upstream Seed Project Request For Expression Of Interest For Selection 1272390This Request For Expression Of Interest Is For A Firm Selection Please Log In As A Valid Firm User If You Wish To Express Interest In This Selection Selection InformationAssignment TitleCredit Guarantee Schemes Upstream Seed ProjectPublication Date 14 Jan 2021Expression Of Interest Deadline 25 Jan 2021 At 11 59 59 Pm Eastern Time Washington D C Language Of Notice EnglishSelection NoticeAssignment Country No Countries AssignedFunding SourcesThe World Bank Group Intends To Finance The Assignment Services Under Bb Bank BudgetIndividual FirmThe Consultant Will Be A Firm Assignment DescriptionSelection For Consultants By The World Bank GroupRequest For Expressions Of InterestElectronic Submissions Through World Bank Group Econsultant2Https Wbgeconsult2 Worldbank Org Wbgec Index HtmlAssignment OverviewAssignment Title 1272390 Credit Guarantee Schemes Upstream Seed ProjectAssignment Countries Countries Have Not Yet Been Selected Assignment DescriptionThe Ifc Is Seeking A Consultant Firm To 1 Undertake A Qualitative And Quantitative Analysis Of Credit Guarantee Schemes For Msmes Around The World 2 Develop A Blueprint For Operationalization Of Good Practice Sustainable Cgs For New Or Existing Cgs And 3 Structure Appropriate Investment Instrument S Through Which Ifc And Other Investors Could Invest In The Cgs Funding SourceThe World Bank Group Intends To Finance The Assignment Services Described Below Under The Following Bank BudgetEligibilityEligibility Restrictions Apply Please Type List Of Restrictions Individual Firm ProfileThe Consultant Will Be A Firm Submission RequirementsThe World Bank Group Now Invites Eligible Firms To Indicate Their Interest In Providing The Services Interested Firms Must Provide Information Indicating That They Are Qualified To Perform The Services Brochures Description Of Similar Assignments Experience In Similar Conditions Availability Of Appropriate Skills Among Staff Etc For Firms Cv And Cover Letter For Individuals Please Note That The Total Size Of All Attachments Should Be Less Than 5Mb Consultants May Associate To Enhance Their Qualifications Interested Firms Are Hereby Invited To Submit Expressions Of Interest Expressions Of Interest Should Be Submitted In English Electronically Through World Bank Group Econsultant2 Https Wbgeconsult2 Worldbank Org Wbgec Index Html NotesFollowing This Invitation For Expression Of Interest A Shortlist Of Qualified Firms Will Be Formally Invited To Submit Proposals Shortlisting And Selection Will Be Subject To The Availability Of Funding Only Those Firms Which Have Been Shortlisted Will Receive Notification No Debrief Will Be Provided To Firms Which Have Not Been Shortlisted Attachments Optional Tor FileQualification Criteria 1 Provide Information Showing That They Are Qualified In The Field Of The Assignment 2 Provide Information On The Technical And Managerial Capabilities Of The Firm 3 Provide Information On Their Core Business And Years In Business 4 Provide Information On The Qualifications Of Key Staff Credit Guarantee Schemes Terms Of Reference To Undertake Evaluation Develop Blueprint ForOperationalization Structure Investment InstrumentA Project BackgroundCredit Guarantee Schemes Cgs Have Gained Prominence As A Common Form Of Government Intervention To EnsureGreater Access To Finance For Micro Small And Medium Enterprises Msme By Providing A Guarantee That Limits TheDownside Risk To Msme Lenders Such Schemes Can Encourage Financial Institutions Fis To Enter Or Deepen TheirPortfolios In The Msme Market And Can Help Strengthen Fis Lending Techniques And Technologies As Well As TheirRisk Management Practices Especially When A Crisis Occurs Countries Often Adapt And Expand Existing Msme Credit Guarantee Programs To MakeThem More Responsive To Crisis Conditions And Or Develop New Programs Specifically Targeted To The Crisis WhileCredit Guarantee Schemes Can Be A Good Countercyclical Tool For Msmes During A Downward Economic Cycle WhenRisk Aversion Heightens And Financial Institutions Retrench In Providing Financing To Private Sector Companies MarketDistortions And Business Sustainability Is A Critical Concern And Such Schemes May Only Add Limited Value And ProveCostly If Their Design And Implementation Is Flawed As A Result Credit Guarantee Schemes Are Not Typically BankableOr Attractive For Ifc And Other Private Sector Players To Invest In Which Can Limit Their Scalability And Ability To MeetThe Sme Credit Gap Key Design And Implementation Challenges Include Financial Sustainability Weak Governance AndRisk Management Inappropriate Legal Regulatory Framework Addressing Credit Risk Concerns Inadequate FundingAnd Coverage Etc The Objective Of The Proposed Upstream Project Thus Is1 To Develop A Global Framework To Design And Operationalize Commercially Viable Sustainable ReplicableModels For Credit Guarantee Schemes To Addressing The Challenges Described Above 2 To Structure Potential Financial Instrument S That Will Allow For Risk Transfer And Or For Ifc To Participate OrInvest In Credit Guarantee Schemes In Different Countries E G Through Counter Guarantees PortfolioSecuritizations Or Aggregation And Reinsurance Etc B Purpose Of AssignmentThe Ifc Is Seeking A Consultant Firm To 1 Undertake A Qualitative And Quantitative Analysis Of Credit GuaranteeFacilities For Msmes Around The World 2 Develop A Blueprint For Operationalization Of Good Practice Sustainable CgsFor New Or Existing Cgs And 3 Structure Appropriate Investment Instrument S Through Which Ifc And Other InvestorsCould Invest In The Cgs C Scope Of WorkPhase I Evaluation Of Models Suggested Completion Time 10 Weeks From The Start Date Of The Assignment 1 Map And Create Database Of Credit Guarantee Agencies Globally Across Regions 2 Global Benchmarking And Sample Selection Of The Most Successful Credit Guarantee Schemes In Terms Of BestPractices Sustainability Outreach And Additionality And Assessment Of Their Quantitative And Qualitative ElementsTo Compare Different Structures And Offerings And Identification Of Innovative Features And Risk ManagementStrategies A Conduct Global Benchmarking Analysis Of Existing Models Select 50 Prominent Successful Cgs As A Sample Selection Of Different Types Including Public Private Public Private And Regional Across Regions In BothDeveloping And Advanced Economies Including Both Crisis And Non Crisis Response Schemes And ConductDesktop Research To Understand Characteristics Of All Credit Guarantee Agencies Included In The Sample B Where Information Is Not Readily Available Design A Questionnaire For Gathering Market Information AndConduct Interviews With Relevant Stakeholders Of The Selected Cgs To Understand Their Operations Model C Develop A Taxonomy Of Credit Guarantee Schemes And Assess The Cgs According To Their Main Characteristics Included But Not Limited To Regulatory And Institutional Framework Legal Structure Shareholder Structure Funding And Risk Distribution Including Use Of Public Donor Funding And OrTechnical Assistance Subsidies If Any Capital Structure And Size Leverage Loan Type And Clients By Portfolio Vs Individual Approach Criteria And Eligibility Loan Type Size Economic Activity Use Of Financing Etc Pricing Methodology And Fees Including Types Of Fees Offeringproducts And Services Including Technical Assistance Guarantee Capacity Guarantees Amount Coverage Governance Operational Framework Guarantee Procedure And Claim Management Process RiskManagement Framework And Financial Instruments Used For Risk Management And Transfer Such AsCounter Guarantees Reinsurance Securitization Loan Sales Etc Performance Payout Defaults Utilization Effectiveness Outreach And Additionality And Key SuccessFactors Failure Factors Identify Cgs That Can Be Considered Second Generation And Are Innovating In Terms Of Financial Offering Capital Markets Participation And Target Clients Including Alternative Lenders Like Fintechs And NonBanking Financial Institutions Debt Pe Funds Etc 3 Identification Of Cgs That Have Used Capital Markets To Increase Their Outreach And Lower Their Financial Risk AndMapping Of Alternative Investment And Risk Management Instruments Models Such As Securitization Re Insurance Counter Guarantees Etc Currently Used By Cgs Detailing Their Structure Features Participating Parties Etc AndIdentifying Examples Of Success And FailurePhase Ii Blueprint For Operationalization Of Good Practice Sustainable Cgss And Identification Of Pilot Countries Suggested Completion Time 10 Weeks From The End Of Phase I 1 Development Of Blueprint Based On Analysis Conducted Under Phase I Of The Study And Mapping Of Previous Studies That Have BeenDone On Cgs Globally On Best Practices Identify Structures That Are Aligned To Internationally AcceptedPrinciples That Would Make Cgs Commercially Viable And Autonomous Enable Private Sector Participation With Adequate Governance Arrangements Etc Conceive Proposed Model S Define Features And Develop A Blueprint That Is Implementable And Outlines AClear Action Plan And Addresses All Operational Requirements To Design New Or Restructure Different CgsAcross Countries The Blueprint Would Include Inter Alia Architecture And Delivery Principles Strategy Eligibility Criteria
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