International Consultant to develop an Integrated Financing Framework for Rwanda
Description of the assignment: International Consultant to develop an Integrated Financing Framework for Rwanda
Project name: Integrated National Financing Framework Preparation for Ministry of Finance and Economic Planning of Rwanda (MINECOFIN)
Period of assignment/services: 90 working days over 8 months
Proposal should be submitted at the following address:
United Nations Development Programme
KN 67 Street No 4; P.O Box 445, Kigali
Attention: Mbasa Rugigana - Head of Procurement
Tel: +250590400, Fax: +25025276263
by email to firstname.lastname@example.org no later than Monday, March 08,2021 at 1:00 PM Kigali Time
Any request for clarification must be sent in writing, or by standard electronic communication to the address or e-mail indicated above. UNDP Rwanda will respond in writing or by standard electronic mail and will send written copies of the response, including an explanation of the query without identifying the source of inquiry, to all consultants.
UNDP Resident Representative
Although Rwanda’s strong growth trajectory has been temporarily slowed down on account of the COVID-19 global crisis, there are strong expectations that the economy will rebound, re-establishing the growth trajectory to pre-COVID-19 levels. Building on this expected resurgence, the Government of Rwanda (GoR) is expected to reignite its Vision 2050, which takes economic growth ambitions to the next level by setting the target of achieving upper middle-income status by 2035 and high-income status by 2050. While Rwanda has made significant strides in improving domestic resource mobilization, the rate at which domestic resources are growing is yet to fully match the needs. With the onset of the COVID-19 crisis, public expenditures are expected to increase significantly in response to the crisis and exert further pressure on Government resources. As traditional aid has been declining over time, narrowing the fiscal space for public investments, Rwanda also recognizes the importance of tapping into private sector resources for the achievement of its vision. With the gradual reduction in grant finance being accompanied by slowly expanding public revenues, limited but growing external private capital inflows (especially Foreign Direct Investment) as well as growing public debt levels, it is now necessary to have a fresh look into sustainable development financing. Rwanda will need to develop new, more effective, and integrated approaches to managing public and private finance.
2. SCOPE OF WORK, RESPONSIBILITIES AND DESCRIPTION OF THE PROPOSED ANALYTICAL WORK
The objective of this assignment is support MINECOFIN develop an Integrated National Financing Framework for Rwanda’s financing needs as well as a macroeconomic framework to guide short, medium, and long-term resource mobilization efforts of the Government of Rwanda. The strategy should be fully in line with the updated national Development Cooperation Policy. For detailed information, please refer to Annex 1
3. REQUIREMENTS FOR EXPERIENCE AND QUALIFICATIONS
I. Academic Qualifications: A Master’s degree or higher in the field of Finance, Economics, or other relevant fields.
II. Years of experience: At least 8 years of experience in the field of public finance, private sector development, strategic planning and budgeting, capacity building and advisory services; experience in public finance is required. 3 years of experience in development finance and public institutional governance improvement and capacity building is essential. 5 years of rigorous data and information research and analysis; policy analysis experience in public finance, economics, private sector development is required. III. Competencies: Experience in country level work rooted in public policy reforms in close collaboration with central government agencies and be able to lead consultations with senior government officials and facilitate discussions among a wide group of stakeholders is required. Experience in working with a development partner or central government agency will be an added advantage Experience in working on financing or with the Development Finance Assessment methodology will be a strong advantage.
4. DOCUMENTS TO BE INCLUDED WHEN SUBMITTING THE PROPOSALS.
Interested individual consultants must submit the following documents/information to demonstrate their qualifications: 1. Proposal: (i) Explaining why they are the most suitable for the work (ii) Provide a brief methodology on how they will approach and conduct the work (if applicable) 2. Financial proposal 3. Personal CV including past experience in similar projects and at least 3 references
5. FINANCIAL PROPOSAL
Lump sum contracts The financial proposal shall specify a total lump sum amount, and payment terms around specific and measurable deliverables. Payments are based upon outputs. The financial proposal will include a breakdown of this lump sum amount (including travel, per diems, and number of anticipated working days).
Travel; All envisaged travel costs must be included in the financial proposal. This includes all travel to join duty station. UNDP does not accept travel costs exceeding those of an economy class ticket. Should the IC wish to travel on a higher class he/she should do so using their own resources. In the case of unforeseeable travel, payment of travel costs including tickets, lodging and terminal expenses should be agreed upon, between the respective business unit and Individual Consultant, prior to travel and will be reimbursed.
Individual consultants will be evaluated based on the following methodologies:
The award of the contract will be made to the individual consultant whose offer has been evaluated and determined as:
a) responsive/compliant/acceptable, and
b) Having received the highest score out of a pre-determined set of weighted technical and financial criteria specific to the solicitation.
* Technical Criteria weight; [70%]
* Financial Criteria weight; [30%]
Only candidates obtaining a minimum of 70% points will be considered for the Financial Evaluation
VI. SELECTION CRITERIA
Technical Criteria Weight Max. Point
- Academic Qualification 10% 10
- Proven track record in undertaking development finance assessment; 25% 25
- Solid experience in the area of development financing
- Strategy and operational plans; 25% 25
- Methodology 25% 25
- Other experience 15% 15
- TOTAL 100%
ANNEX 1- TERMS OF REFERENCES (TOR)