¶¹ÄÌÊÓƵAPP

Management Consultancies in Support of the Local Champions Initiative


  • SOLICITATION NUMBER: 0002011668
  • INSTITUTION:  IBRD/IDA , IFC , MIGA
  • ISSUE DATE AND TIME: Oct 01,2024 05:37
  • CLOSING DATE AND TIME: Oct 10,2024 23:59

¶¹ÄÌÊÓƵAPP Group is an international organization whose fundamental mission is to promote sustainable economic development and to reduce poverty in developing countries.  ¶¹ÄÌÊÓƵAPP Group consists of five closely associated institutions: The International ¶¹ÄÌÊÓƵAPP for Reconstruction and Development (IBRD); International Development Association (IDA); International Finance Corporation (IFC); Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID).  The ¶¹ÄÌÊÓƵAPP is the world¡¯s largest source of country development assistance; providing approximately $20 billion in loans annually to its 189 member countries. It uses its financial resources; highly trained staff; and extensive knowledge base to help its global clients achieve stable; sustainable; and equitable growth in the fight against poverty. IFC¡¯s Manufacturing; Agribusiness and Services (MAS) Department covers sectors which cater to basic human needs such as food; shelter; jobs; health and education. They play a critical role in providing goods and services to consumers; creating jobs; contributing to government revenue; and stimulating growth through SMEs.  IFC's priorities in MAS are: (i) increasing access to goods and services; with a particular focus on frontier countries and regions; (ii) building top sector expertise to make IFC the preferred partner for key clients; (iii) supporting local companies while improving their transparency; efficiency and sustainability; (iv) catalyzing foreign investment; and (v) developing client; sector and country-level solutions which can be scaled and replicated with a special focus on climate change. The ProgramIn 2022; IFC launched the Local Champions Initiative (¡°LCI¡±) to assist promising domestic corporates (¡°Local Champions¡±) in Burkina Faso; Niger; Chad; Guinea; Liberia; Sierra Leone; and Togo. The initiative aims to provide technical assistance to the most mature companies identified; helping them prepare for investment by IFC or other similar commercial lenders. The business development efforts have included a comprehensive mapping and screening exercise to identify several ¡°champions¡± with significant growth potential; most of whom require tailored technical assistance to meet international investment standards. This method aims to progressively elevate market standards in fragile and conflict states and prepare these corporates for future investments from larger entities; including development finance institutions like the IFC.The LCI team is planning to support a group of small and medium sized champions (approx 20 companies) under MAS in the above-mentioned countries to prepare them for a potential investment from IFC. The LCI team will leverage existing tools and solutions developed by IFC¡¯s Financial Management Advisory (FMA) Program to aid the target group in improving their financial management practices and will focus on providing coaching support and training of trainers (ToT) to ensure the successful adoption of the tools by the target group. Areas to be covered include; but are not limited to; enhancing the organization and capacity of the target groups¡¯ finance departments; introducing financial controls; enhancing working capital management practices; improving compliance and adherence to relevant accounting standards and selecting the appropriate management information systems. The training and coaching to be provided is expected to be applicable to the entire target group and scalable for future groups. The team is currently looking to hire a consultant to support in enhancing the existing tools and preparing & conducting the training for the target group. The consultant shall be available to work closely with the IFC team to provide the requested services. The engagement is expected to last eight months. The work for the assignment will be a mix of in person and virtual settings with 1 to 2 trips to the above-mentioned countries.

¶¹ÄÌÊÓƵAPP Group reserves the right to publicly disclose contract award information, including but not limited to, name of company receiving the award, brief description of services, and contract award amount, for any contract award valued over US$250,000. Offeror's proposal and contractual documents will remain confidential and therefore not subject to disclosure.

¶¹ÄÌÊÓƵAPP Group values supplier diversity and encourages businesses owned by women, minorities, lesbian, gay, bisexual and transgender (LGBT) individuals, and people with disabilities to participate in this opportunity. Please indicate in the response if you meet one of these diverse categories and specify the certification body you utilize.

¶¹ÄÌÊÓƵAPP reserves the right to reject any or all responses without recourse.

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