Credit Auction Design and Management Team for the Preparing Micro, Small and Medium Enterprises Financial Access, Inclusion, and Resilience Project

Background 

The proposed Micro, Small and Medium Enterprises Financial Access, Inclusion, and Resilience Project will support the Government of Pakistan’s efforts to enhance financial inclusion of micro, small and medium-sized enterprises (MSMEs) and build the resilience of MSMEs and eligible financial institutions in responding to the ongoing COVID-19 pandemic.

Deliverables

(A) DESIGNING A CREDIT GUARANTEE FACILITY AND (B) DESIGNING AND MANAGING A CREDIT AUCTIONING SYSTEM 

The consulting services will be delivered in the following four building blocks:

1. Deliverable 1—Credit Guarantee Facility Design: Within 3 months of commencement of services, the partial credit guarantee product is designed in close coordination with ADB, Government, PMIC, regulators and MFPs including required documentation for the administration and monitoring of the guarantees and reporting to the Borrower and ADB.

2. Deliverable 2—Credit Guarantee Facility Assessment: Within 36 months of commencement of services, the partial credit guarantee utilization under the MSE financial inclusion project is evaluated to assess relevance of the product design and demand. Any deficiencies will be highlighted, and solutions proposed.

3. Deliverable 3—Auction System Design: Within 7 months of commencement of services, the auction system is designed, auction management unit established, auction procedures for MSE financial inclusion project . 

4. Deliverable 4—Auction System Management: Starting within 8 months of commencement of services, through project lifecycle, up to 10 auctions carried out unless auction system is reverted to a first-come, first-serve distribution system and all the quarterly performance reports submitted to the Project Management Unit (PMU) to be established at MOF as scheduled.