Regional Executing Agency - Financial (REAF)

Country:

Fiji

Notice/Contract Number:

000

Publication Date:

Mar 3, 2006

Deadline:

Mar 15, 2006

Funding Agency:

World Bank

Buyer:

Sustainable Energy Finance Project
Regional Executing Agency Financial

Original Language:

English

Address:

Antonie de Wilde
World Bank
1818 H Street N.W.
District of Columbia , Washington 20433
United States

Telephone:

(202) 473-7436

Fax:

(202) 522-1648

Email:

Click here

Web Site:

http://www.worldbank.org/astae/

66171000 - Financial consultancy services

SOUTH PACIFIC REGION
SUSTAINABLE ENERGY FINANCE PROJECT (SEFP)
Regional Executing Agency – Financial (REAF)
Project ID No. P098432
Expressions of Interest

The South Pacific Region expects to receive a GEF grant through IBRD toward the cost of Sustainable Energy Finance Project (SEFP) and intends to apply part of the proceeds for procurement of consultant services for “Regional Executing Agency - Financial (REAF)”. The REAF will administer the financing support funds and instruments used in the SEFP.

The SEFP is a regional project and will facilitate financing for sustainable energy investments by individuals and companies in Fiji, Federal States of Micronesia, Marshall Islands, Papua New Guinea, Solomon Islands, and Vanuatu (the Regional Countries of Operation (RCOs).

The funds to be administered will amount to approximately US$5.5million and will be deployed in the form of financing support to local Participating Financial Institutions (PFIs). The financing support will be provided in the form of either a loan purchase obligation to extend the term of a loan, or a partial guarantee of repayment of a loan.

The REAF will be required to enter into loan purchase or guarantee agreements with PFIs to support SEFP loans made by PFIs to qualifying individuals or companies. The REAF will be required to operate a Special Account following World Bank procedures for the operation of such accounts to make and receive payments in accordance with the terms of these loan purchase and guarantee agreements. The REAF will also be required to transfer monies to and from sub-accounts of the Special Account denominated in the local currencies of the RCOs to balance the foreign exchange exposure of SEFP funds.

The REAF will be required to monitor the aggregate commitments (by country and type of borrower), including a timing analysis, as well as the cash flows of SEFP funds. The REAF will be required to submit to the World Bank periodic reports on the performance and status of the funds. The operations of the REAF will be subject to independent audit.

The REAF will be required to pay commercial deposit rates on SEFP funds held in the Special Account.

The REAF will be paid a negotiated fee for performing the duties described above.

The REAF must be a first class banking institution that administers fiduciary accounts in a manner compatible with the duties listed above. The REAF would need to offer appropriate services in all RCOs. It would be an advantage if the REAF, through branches or subsidiaries, has a strong interest in becoming a PFI in all RCOs.

The Bank now invites eligible consultants to indicate their interest in providing the services. Interested consultants must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc.). Consultants may associate to enhance their qualifications.

A consultant will be selected in accordance with the procedures set out in the World Bank’s Guidelines: Selection and Employment of Consultants by World Bank Borrowers (May 2004 edition).

Expressions of interest must be delivered to the address below by March 15, 2005.

World Bank
Rm. MC9-427
1818 H Street, NW
Washington D.C. 20433
Attn.: Antonie de Wilde, ASTAE Coordinator
Email: adewilde@worldbank.org

Regional Executing Agency - Financial (REAF)

Request For Expressions of Interest

General Information

Contact Information

Assignments

Original Text

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