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to develop the key information for planning future private sector development and enhancing competitiveness.
to identify and solve constraints to private sector development and growth
to provide financial support to the Caribbean private sector to pursue innovative projects in the region
REQUEST FOR EXPRESSIONS OF INTEREST:-CONSULTING SERVICES
SMEDA – DEVELOPMENT OF THE INSTITUTIONAL FRAMEWORK AND STRATEGIC PLAN
The Government of The Bahamas (GOBH) has requested support from the Inter-American Development Bank (IDB) to develop a comprehensive and coherent institutional framework to support Bahamians Small and Medium Size Enterprises (SMEs), including those in the Family Islands.
For this purpose, under the Compete Caribbean (CC) Program, the Technical Cooperation “Policy and Institutional Framework for SME Development in The Bahamas” (the Program or Project) was approved and signed with the GOBH, through the Ministry of Finance (MOF). The general objective of the project is to improve the business climate and competitiveness of The Bahamas productive sector. The specific objective is to develop a comprehensive and coherent institutional framework to support SMEs, including those in the Family Islands.
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 operationalize the legislation that is to produce an institutional framework to set up SMEDA and a four year strategic plan for implementation. Emanating from the Strategic Plan, the consultant will also develop the first year annual plan for implementation in accordance with the Act.
The consultant will be required to work with all stakeholders for this engagement to ensure there is buy-in and full integration with other aspects of the program. A Steering Committee will be established for SMEDA. In the event that the Steering Committee is not yet set up, then the stakeholders should be adequately consulted.
The Steering Committee will comprise of the following members:
1. A representative from the Chancellors Chambers, legal entity for SMEDA draft legislation
2. A representative of the Clearing Banks Association
3. A representative of the SMEDA Advisory group
4. A representative of BAIC, Bahamas Development Bank and Venture Capital Fund
5. A representative of the Bahamas Chamber of Commerce
The Institutional Framework (I.F) will seek to establish the general policies and standard operating procedures of SMEDA and to establish the Human Resources management policy guidelines which will be used to attract the best talent for the body. The I.F will take into consideration the fact that SMEDA will have three operating division per the Act.
The Strategic Plan will include the identification and structuring of the main services it will provide and the mechanism for an outreach system in the Family Islands. In particular the S.P will have the following deliverables:
- An overall vision
- Goals and objectives
- Policy framework
- Planning framework inclusive of budget for the four years. This should identify the sources and uses of funds.
- Committee roles and responsibilities
- Schedule for action planning
The Annual Plan for the first year shall identify all its activities for the first year of operation:
(a) Set out SMEDA’s financial strategy for the forthcoming financial year; as is consistent with the Strategic Plan.
(b) Set out the broad priorities of SMEDA for the next two years;
(c) Include key performance indicators by which SMEDA will be assessed;
(d) Set out SMEDA’s Financial Budget which must balance, meaning its expenditure must be such that it can be met from its revenue sources, including borrowings and promissory notes encashment.
Qualifications and Experience:-
The consultant should possess:
a) Post Graduate University degree in relevant field (Public Policy, Economics, Business etc.)
b) Prior Experience in preparation of Institutional Framework, Strategic Plans for organizations with particular emphasis on public bodies in the Caribbean and in particular The Bahamas.
c) At least 10 years experience in public policy work in the Bahamas or elsewhere.
d) Experience working with International Development Agancies.
e) Excellent command of English and in production of prior similar work.
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.
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 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.
All correspondence must be delivered to the address below by mail, fax, or e-mail by Sunday, 30th March, 2014 at 11:59 pm EST.
Ms. Tonya Cargill-Adderley
Tel: (242) 601-5383
Subject Line: BH-CC2003-SMEDA Institutional Framework and Strategic Plan Consultancy
Deadline: 09 March, 2014