Program Coordinator-Building Credit Reporting Infrastructure in Somalia Tender, Somalia - 124745236

Procurement Summary

Country: Somalia

Summary: Program Coordinator-Building Credit Reporting Infrastructure in Somalia

Deadline: 28 Aug 2025

Other Information

Notice Type: Tender

TOT Ref.No.: 124745236

Document Ref. No.: 0002017425

Financier: World Bank (WB)

Purchaser Ownership: Public

Tender Value: Refer Document

Purchaser's Detail

Purchaser: WORLD BANK(WB)
SO - Somalia
Somalia

Tender Details

There is no formal credit reporting or any type of formal private sector data sharing arrangements in Somalia yet. The private financial sector does not have adequate tools and information to assess the risks associated with MSMEs and individuals and thus chooses not to provide financing to them. The market has limited use for scoring applications or automated account management systems, as the low number of applications make it difficult to build statistical models.Within the context of the above, IFC is supporting THE CENTRAL BANK OF SOMALIA (CBS), in the development of a credit information ecosystem that meets the needs of Somalia and supports financial institutions to make data driven lending decisions. IFC-s initiative aims to expand access to finance for individuals and MSMEs by improving their credit risk management processes of the financial institutions through deploying a credit information system.IFC is looking to engage a Consultancy firm (Program Coordinator) to help coordinate project implementation and provide in-country financial sector expertise/support to the Task Team Leader (s) and Specialists.

90 - CONTRACT CONSULTANTS

Documents

 Tender Notice

4.-CIS-Somalia-TOR-Program-Coordinator-1.pdf