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Tender Details
- Country: Ethiopia
- Summary: Deep Dive Assessment of Valuation Capacity and Practices in Ethiopian Financial Sector
- ETT Ref No: 98250526
- Deadline: 18 Mar 2024
- Competition: ICB
- Financier: International Finance Corporation (IFC)
- Purchaser Ownership: Public
- Tender Value: Refer Document
- Notice Type: Tender
- Document Ref. No.: 0002007373
- Purchaser's Detail :
- Description :
- Tenders are invited for Deep Dive Assessment of Valuation Capacity and Practices in Ethiopian Financial Sector The World Bank is one of the world-s largest sources of funding and knowledge to support governments of member countries in their efforts to invest in schools and health centers; provide water and electricity; fight disease and protect the environment. The International Finance Corporation of the World Bank Group combines expertise in the financial sector and private sector development to foster private - sector led growth and help create markets in client countries. We deliver tailored development solutions to countries and the global community at large; working with our public and private sector clients. In late 2019; Ethiopia introduced the Movable Property Security Right Proclamation No 1147/2019; followed by the related directives; establishing the legal framework for secured transactions in the country. The Ethiopia Movable Collateral Registry (EMCR) was operationalized in February 2020; and the registry is a publicly available database that allows financial institutions to access information about movable properties which have been accepted as security and registered by secured creditors. A national diagnostics study has estimated the total market potential for MABL to be ETB 551.8 billion (USD 15.8 billion); indicating the scope for additional MABL offering. The diagnostic study shows that the reasons for the low uptake include financial institutions- limited understanding on the benefits of the EMCR; lack of experience and inadequate ability to design specialized products; as well as general lack of understanding of the MSME segment including the lack of skilled valuators. The purpose of this assignment is to undertake a deep dive assessment on valuation capacity; practices; and governance in the Ethiopian financial sector to facilitate the framing of recommendations on valuation mechanisms; enabling legal frameworks; and capacity building. The assignment will also include assessment of financial institutions- valuation practices concerning movable assets and capabilities of FIs valuators. The study will also analyze the impact of current valuation practices on movable asset-based lending to SMEs. The World Bank Group reserves the right to publicly disclose contract award information, including but not limited to, name of company receiving the award, brief description of services, and contract award amount, for any contract award valued over US$250,000. Offeror's proposal and contractual documents will remain confidential and therefore not subject to disclosure. The World Bank Group values supplier diversity and encourages businesses owned by women, minorities, lesbian, gay, bisexual and transgender (LGBT) individuals, and people with disabilities to participate in this opportunity. Please indicate in the response if you meet one of these diverse categories and specify the certification body you utilize.
- Documents :
Purchaser : INTERNATIONAL FINANCE CORPORATION
Airport Road, Addis Ababa, Ethiopia
Phone: +251 11 517 6000
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