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Procurement of Services of an International Legal Consultant for Law Reforms in the Financial Sector

Request For Expressions of Interest

General Information
Country:   Sri Lanka
Publication Date:   Sep 9, 2002
Deadline:   Oct 21, 2002
Funding Agency:   World Bank
Buyer:   Central Bank Strengthening Project. Central Bank of Sri Lanka. Central Bank of Sri Lanka.
Eligibility of Bidders:   He/she must have recognized expertise of at least 10 years in central banking and banking law and proven expertise in advising either a central bank or the regulatory authority of the banking sector in legal reforms reform projects. Good legislative drafting skills and practical knowledge of drafting central banking and banking directives and regulations are prerequisites. He/she must have substantial experience in advising a central bank in financial sector development issues and related legal matters. Cross-country experience in the relevant area is preferred
Original Language:   English

Contact Information
Address:   Ms S. Kadurugamuwa
Director – legal
Office of the Central Bank of Sri Lanka Strengthening Project
No. 30, Janadhipathi Mawatha
Colombo 1
Sri Lanka
Telephone:   (94-1) 477-550
Fax:   (94-1) 477-745
Email:   Click here
Web Site:   www.centralbanklanka.org

Assignments

 

Original Text

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******CENTRAL BANK STRENGTHENING PROJECT

****Procurement of Services of an International Legal Consultant for
Law Reforms in the Financial Sector

Consulting Services
Publication Date: 9 September 2002

Request for Expressions of Interest

SRI LANKA

Credit No. XXX

The Government of the Democratic Socialist Republic of Sri Lanka has
received a credit from the International Development Association in
the amount of USD 5,000,000 equivalent toward the cost of the Central
Bank Strengthening Project, and it intends to apply the proceeds of
this credit to payments under the contract for Procurement of Services
of an International Legal Consultant for Law Reforms in the Financial
Sector.

The Central Bank Strengthening Project aims at restructuring the
financial system of the country.

Central Bank of Sri Lanka. now invites eligible consultants to
indicate their interest in providing the following services:

- international legal consultant (Legal services)

The Central Bank of Sri Lanka (CBSL) has embarked on a modernisation
program which includes a comprehensive review of the financial sector
legislative framework affecting the Central Bank, the banking sector
and non-bank financial sector with a view to developing a modern and
appropriate legislative infrastructure to support the development of a
sound financial sector and its regulation. The international legal
consultant will be assisted by a suitable local legal expert appointed
by the CBSL. The international legal consultant is required to
undertake a complete review of all financial sector legislation and
other supporting legislation (including laws relating to electronic
transactions) in the financial sector with a view to consolidating,
rationalizing and recommending a general framework for the regulation
and development of the financial sector including money and capital
markets. The international legal consultant is also expected to review
the draft legislation that is already being prepared by the Central
Bank incorporating the amendments which are urgently required as part
of the financial sector reforms.

Expected duration of the consulting services is 2 years.

He/she must have recognized expertise of at least 10 years in central
banking and banking law and proven expertise in advising either a
central bank or the regulatory authority of the banking sector in
legal reforms reform projects. Good legislative drafting skills and
practical knowledge of drafting central banking and banking directives
and regulations are prerequisites. He/she must have substantial
experience in advising a central bank in financial sector development
issues and related legal matters. Cross-country experience in the
relevant area is preferred.

The assignment will be for a two year period on a full-time basis.
Initially the assignment would be for one year and will be extended
for a further period of one year after a performance review of the
work of the consultant.

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. Consultants will be selected in
accordance with the procedures set out in the |World Bank| Selection
and Employment of Consultants by World Bank Borrowers[1].

Interested consultants may obtain further information at the address
below from 08:00 to 16:15. Expressions of interest must be delivered
to the address below by 10:00 on 21 October 2002.

***** Office for Submission of Expressions of Interest and for
Obtaining Further Information :

Central Bank of Sri Lanka.
Ms S. Kadurugamuwa
Director – legal
Office of the Central Bank of Sri Lanka Strengthening Project
No. 30, Janadhipathi Mawatha
Colombo 1
Sri Lanka
Tel: (94-1) 477-550
Fax: (94-1) 477-745
E-mail: sarojini@cbsl.lk[2]
www.centralbanklanka.org[3]


[1] http://www.worldbank.org/html/opr/consult/contents.html
[2] mailto:sarojini@cbsl.lk
[3] www.centralbanklanka.org
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