Credit Guarantee System for Economic Diversification and Employment

The proposed Asian Development Bank (ADB) capacity development technical assistance (TA) has been requested by the Government of Mongolia to support ADB’s proposed Supporting the Credit Guarantee System for Economic Diversification and Employment Project. The Ministry of Finance will be the executing agency for both the TA and the loan project, and the Credit Guarantee Fund of Mongolia (CGFM) will be the implementing agency. The TA is designed to provide the support required to implement the project and will be implemented over 2 years from the loan effectiveness date.
 
The TA will support the delivery of the loan project’s third intended output—the improvement of the quality of the CGFM and of the credit guarantee system. It will help enhance the CGFM’s operational, governance, and risk management capacity, as well as its product set.  The credit guarantee system legal framework will be enriched to accommodate the operations of a private sector guarantee system. 
 
The legal framework governing the CGFM will be reviewed, and amendments to the Law on the Credit Guarantee Fund of Mongolia of 2012 will be proposed to strengthen its collection and foreclosure processes for the enforceability of its guarantees associated with non-performing loans, enhance its governance, operations, risk management framework, and ensure transparency over operations. A roadmap developed under the project preparatory TA will be used as a guide in implementing the improvements needed to the CGFM and the credit guarantee system.  
Qualifications: 

Credit Guarantee Specialist (International, 7.5 person-months)

  • At least 10 years’ experience in credit guarantee systems and experience dealing with small and medium-sized enterprise (SME) finance in advanced and also developing countries
  • Minimum of a bachelor’s degree in finance, economics or a related field applicable to this position.

The consultant will be the team leader and lead the TA and be responsible to assist the CGFM to improve operating procedures, risk management, portfolio management, transparency practices, governance structure, marketing, development of new products, and staff development. The consultant should be prepared to implement methods to support gender and social safeguards within new products and processes of the CGFM.  The consultant will help to ensure that new product development and outreach will be structured to support achieving the outcomes and outputs of the project including meeting gender, regional distribution, and economic diversification and employment goals through outreach, marketing and product development. The consultant will also prepare draft text and documentation to include operating procedures, marketing programs, training material, and new product material and other documents as needed to assist the CGFM.

Start / Duration: 

The TA will be implemented over 24 months and is expected to start by 31 March 2016 and to be completed by 31 March 2018.

Please send your most recent CV to:

Barbara.Braun [at] afci.de

Thank you!