Requests for Expressions of Interest:Jamaica – Improving Access to Credit For Productive Development
Jamaica: - Access to Credit For Productive Development
The Government of Jamaica (GOJ) has requested support from the Inter-American Development Bank (IDB) to strengthen the legislative framework to improve access to finance and to streamline the business registration and bankruptcy process in Jamaica in order to improve the business climate. For this purpose, under the Compete Caribbean (CC) Program, the Technical Cooperation “Implementation of Business Climate Reforms in Jamaica” (JA-CC2046) was approved and signed with the GOJ, through the Ministry of Industry, Investment and Commerce.
Compete Caribbean is a private sector development program jointly funded by the Inter-American Development Bank (IDB), the United Kingdom Department of International Development (DFID) and the Department of Foreign Affairs, Trade and Development (DFATD) in partnership with the Caribbean Development Bank (CDB) to provide technical assistance grants and investment funding to support productive development policies, business climate reforms, clustering initiatives and Small and Medium Size Enterprise (SME) development activities in the Caribbean region.
The consulting services (“the Services”) will seek provide a diagnostic assessment of the current status of SME financing in Jamaica viz the capacity of SME’s to access finance; the availability and structure of financial instruments and institutions; and an assessment of policy and institutional interventions needed to fuel SME growth and development.
The consultant will be required to undertake a desk review and in depth consultations with the all stakeholders (relevant Government entities, commercial banks and other providers of finance, key private sector associations, potential borrowers in totality (and MSMEs as a share of this) to prepare a report on the following: (i) the definition of information for the “base line” situation; (ii) information about market failures and identification of potential areas of prioritization; and (iii) a proposal on potential mechanisms and interventions for Government consideration.
Qualifications and Experience:-
The consultant should possess:
An advanced degree in Economics, Finance, Public Policy, Public or Business Administration or a related discipline.
At least 10 years’ experience in the area of private sector development and financial sector, including experience in the Caribbean region.
Excellent knowledge of the public and private sectors in Jamaica.
Excellent communication, organization, and program management skills.
Previous experience working on similar regional or international operations is preferable.
Language: Fluency in written and spoken English is required; working knowledge of Spanish would be an asset.
The Compete Caribbean Program now invites eligible individual consultants to indicate their interest in providing the Services outlined above by forwarding a copy of their curriculum vitae demonstrating that they have the required qualifications and relevant experience to perform the Services.
Please visit our website (www.competecaribbean.org) to obtain a copy of the full Terms of Reference for this consultancy with an expanded scope of activities to be undertaken under the consultancy.
Consultants will be selected in accordance with the procedures set out in the Inter-American Development Bank: Policies for the Selection and Contracting of Consultants financed by the Inter-American Development Bank GN-2350-9 recognizing that goods and services providers from non-IDB member countries may participate in this procurement process as agreed in the Compete Caribbean Grant Proposal.
Terms of Reference
Contact Information
All correspondence must be delivered to the address below by fax or e-mail by Sunday, 7th December, 2014 at 11:59 pm EST.
Attn: Mr. Wayne Elliott
Project Development Officer
Business Climate and Competitiveness Enhancement Facility
The Compete Caribbean Program
Tel: (246) 627-8521
E-mail: waynee@iadb.org copied to competecaribbean@iadb.org
Subject Line: JA-CC2046:- Jamaica Access to Credit for Productive Sectors Consultancy