SELECTION OF CONSULTING FIRMS BY THE WORLD BANK GROUP
REQUEST FOR EXPRESSION OF INTEREST (EOI)
Electronic Submissions through WBGeProcure RFx Now
ASSIGNMENT OVERVIEW
Assignment Title: Indonesia - Strengthening and Developing Financial Sector
Assignment Countries:
ASSIGNMENT DESCRIPTION
Ratification of Law Number 4 of 2023 concerning Development andStrengthening of the Financial Sector (P2SK Law) by the President of theRepublic of Indonesia, Joko Widodo on January 12, 2023, is a milestone infinancial sector reform in Indonesia. This legislation is a cornerstone in theongoing evolution of the financial sector in Indonesia, setting the stage forenhanced stability and growth. The P2SK Law is envisioned to be a catalyst forcomprehensive financial sector reform, aiming to enhance the resilience of thefinancial system against shocks, improve the sector's competitiveness, andultimately contribute to the nation's economic stability and development.
The FinancialSystem Stability Committee (KSSK), supported by its Secretariat, plays apivotal role as mandated by the P2SK Law. The KSSK is the linchpin in thearchitecture of Indonesia's financial stability framework, tasked with thecritical functions of monitoring the health of the financial system,maintaining stability, and managing crises should they arise. The Secretariatof KSSK, as the operational arm of the committee, is instrumental in executingthese functions effectively.
To uphold the commitments of the KSSK as stipulatedin the P2SK Law, there is an imperative need to fortify the capacity andknowledge base of the Secretariat. This enhancement is crucial forunderstanding and implementing the mandates of the P2SK Law. Strengthening theSecretariat's capabilities is expected to bolster the KSSK's policy framework,particularly in areas that are vital for financial stability
FUNDING SOURCE
The World Bank Group intends to finance the assignment / services described below under the following:
- BB: Bank Budget
- TF0A7064: ID-FSS
ELIGIBILITY
Eligibility restrictions apply:
- [Please type list of restrictions]
SUBMISSION REQUIREMENTS
The World Bank Group invites eligible firms to indicate their interest in providing the services. Interested firms 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. for firms; CV and cover letter for individuals). Please note that the total size of all attachments should be less than 5MB. Firms may associate to enhance their qualifications unless otherwise stated in the solicitation documents. Where a group of firms associate to submit an EOI, they must indicate which is the lead firm. If shortlisted, the firm identified in the EOI as the lead firm will be invited to the request for proposal (RFP) phase.
Expressions of Interest should be submitted, in English, electronically through WBGeProcure RFx Now
NOTES
Following this invitation for EOI, a shortlist of qualified firms will be formally invited to submit proposals. Shortlisting and selection will be subject to the availability of funding.
Only those firms which have been shortlisted will be invited to participate in the RFP phase. No notification or debrief will be provided to firms which have not been shortlisted.
If you encounter technical difficulties while uploading documents, please send an e-mail to the Help Desk at corporateprocurement@worldbank.org prior to the submission deadline.