Expression of Interest for Hiring The Services Of A Consulting Firm To Establish The Lao Credit Guarantee Facility (Cgf)

Expression Of Interest Are Invited For Hiring The Services Of A Consulting Firm To Establish The Lao Credit Guarantee Facility (Cgf) The Consulting Services (The Services) Will Include The Establishment Of A Credit Guarantee Facility (Cgf). The Cgf, Once Established Will Offer Guarantees To Banks For Long Term Msme Financing. The Cgf Will Draw On The World BankS Principles For Public Credit Guarantee Schemes For Msmes, Tailored To The Lao Context. Bank Of Lao (Bol) Established A Decision On The Establishment Of Credit Guarantee Companies On December 21St, 2020, Which Specified Principles, Regulations And Measures For Business Establishment Application And Activities Of A Credit Guarantee Companies And Based Upon The Feasibility Study For The Establishment Of A Cgf, Which Was Completed On December 26, 2020. The 2020 Bol Decision Is Written From The Point Of View Of Private Entities Establishing Credit Guarantee Facilities. However, While Many Of The Points In The 2020 Decision Would Apply To The Cgf, The Cgf Would Be A Public Entity And Initially Would Be Completely Owned By The Government Of Lao Pdr. After Three Years, Private Investment In The Cgf Would Be Permitted, Subject To An Aggregate 30% Ownership Maximum. The Shortlisting Criteria Are: (I) The Consulting Firm Will Have At Least 10 Years Experience In Credit Guarantee Systems And Experience Dealing With Small And Medium-Sized Enterprise (Sme) Finance In Advanced And Also Developing Countries; (Ii) The Consulting Firm Will Need To Demonstrate To Evidence Of Successful Implementation Of Similar Projects Requiring A Team With The Experience And Qualifications To Establish Operating Procedures, Risk Management, Portfolio Management, Transparency Practices, Governance Structure, Marketing, Development Products, And Staff Training And Development; And (Iii) The Consulting Firm Should Also Have Experience In Implementing Support For Gender And Social Safeguards Within The Cgf Products And Processes. Key Experts Will Not Be Evaluated At The Shortlisting Stage. Tender Link : Https://Projects.Worldbank.Org/En/Projects-Operations/Procurement-Detail/Op00190598