AFRICAN DEVELOPMENT BANK GROUP

Financial Sector Development Department (PIFD)

REQUEST FOR EXPRESSION OF INTEREST

INDIVIDUAL CONSULTANT – MONITORING AND EVALUATION CONSULTANT

 

 

  1. We are pleased to inform you that the Capital Markets Development Division (PIFD.2, African Development Bank Group (“AfDB” or the “Bank”)) will require the Services of a Monitoring and Evaluation consultant hereafter the ‘Consultant” to support the day-to-day management of the Capital Markets Development Trust Fund (CMDTF) ;
  1. The estimated duration of services is twelve (12) months, and the estimated starting date is March 15th, 2021 ;
  1. Appendix 1 contains the Terms of Reference (TOR) outlining service requirements and scope of the assignment. Should you be interested, you are kindly requested to send an updated Curriculum Vitae (3 pages maximum) and a cover letter including comments on the TOR, the proposed assignment and record of practical experience (2-pages maximum) ;
  1. The eligibility criteria, the establishment of a short list and the selection procedure shall be in conformity with the Bank’s Rules and Procedure for Acquisition of Consulting Services funded by the Administrative or Capital Expenditure Budget. Please, note that interest expressed by a Consultant does not imply any obligation on the part of the Bank to include him/her in the shortlist. The proposals to be submitted by the consultants shall be evaluated on the basis of the following criteria :

General qualification and suitability for the task to be performed : 30 points

Experience in the specific assignment described in the TOR : 45 points

Experience with international donor agencies : 15 points

Language capacity : 5 points

Knowledge of the Africa region : 5 points.

  1. A shortlist will be established at the end of the longlisting. Only proposals scoring 70 points or above shall be considered for this assignment. Applicants shall be ranked and the highest ranked consultant will be selected for the said assignment if his/her fees are within budget limits ;
  1. The consultant shall bear all his/her insurance and medical costs for the duration of his/her services ;
  1. If necessary, the consultant shall take steps to obtain the visas or certificates of residence required to perform his/her duties and fulfill his/her obligations under this contract. The Bank will assist the consultant in these tasks if needed ;
  1. Interested applicants may obtain further information at the email addresses in paragraph 10 during the Bank’s working hours from 09 :00 to 17 :00 PM (Abidjan Time) ;
  1. Interested applicants may submit their application −in a single PDF format document − no later than Friday February 26th, 2021 at 17:00 PM (Abidjan time) to the e-mails mentioned in paragraph 10. The e-mail title should clearly mention ‘M&E Consultant for CMDTF_[NAME]”. Applications non-compliant with these guidelines will be rejected. Any proposal received after the closing date shall be rejected ;
  1. Kindly submit your application to :

Mr. Albin KAKOU  [email protected]

Mrs. Anitha JAOTODY [email protected]

  1. The AfDB looks forward to receiving your application and thanks you in advance for your interest.

APPENDIX 1

TERMS OF REFERENCE (TOR)

Consultant – Monitoring and Evaluation Consultant for the Capital Markets Development

Trust Fund (CMDTF)

BACKGROUND INFORMATION :

THE BANK: Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 81 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is to deliver financial and technical support for transformative interventions that will significantly reduce poverty through inclusive and sustainable economic growth. In addition to providing finance, the Bank is Africa’s voice on global economic, financial and development issues − a role that has taken significant importance in light of increasing global integration and interconnected risks. In order to sharply focus the objectives of the Ten Year Strategy (2013 – 2022) and ensure greater developmental impact, five major areas − all of which will accelerate delivery for Africa − have been identified to scaling up impact, namely; energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa.

THE COMPLEX : The Vice Presidency for Private Sector, Infrastructure and Industrialization (PIVP) is central to the Bank’s mission of developing the private sector, improving infrastructure and accelerating industrialization. PIVP leads the implementation of the High Priority 3: Industrialize Africa. The complex’s main functions are to (i) strengthen the enabling environment for private sector development to be conducive to inclusive growth and sustainable development, support the development of reliable and sustainable infrastructure, including urban development, (iii) place renewed emphasis on industrial and trade performance in support of structural transformation across Africa, and (iv) drive the Bank’s financial sector development agenda. The Complex leads the Bank’s Non-sovereign operations in these areas, as well as selected complex sovereign operations. The Complex leverages knowledge, co-financing, and partnerships to attract private capital and work with governments on delivering the Bank’s development agenda.

THE HIRING DEPARTMENT : The primary role of the Financial Sector Development Department (PIFD) is to help the Regional Member Countries (RMCs) increase the reach, depth, and breadth of their financial systems, while safeguarding financial stability. The Department has four long-term objectives: (i) development of a vibrant private sector through an inclusive access by households and enterprises to financial services; (ii) strengthening markets participants; (iii) developing efficient capital markets, and (iv) deepening regional financial integration. Paired with PIVP departments, the PIFD Department is responsible for implementing the Bank Group’s Financial Sector Development Policy and Strategy, towards vibrant, innovative, robust and competitive national and regional financial systems, in both RMCs’ public and private sector. The demand for financial sector interventions in the Bank’s RMCs’ are increasing, as are the expectations of tangible outcomes from the Bank’s operations in the financial sector.

THE POSITION :

In November 2019, the Board of Directors of the AfDB approved the establishment of the Capital Markets Development Trust Fund (“CMDTF”) with initial funding from the Ministry for Foreign

Trade and Development Cooperation of the Netherlands and Ministry of Finance of Luxembourg.

The overall objective of the CMDTF is to support the establishment of well-functioning capital markets that can efficiently mobilize and allocate savings to fund the credit needs of economic agents, households and the continent’s private sector while reducing intermediation costs. This will be achieved through two pillars: (i) Strengthening financial markets enabling environments and institutions and (ii) Disseminating knowledge on issues that are of strategic importance to capital markets development. The CMDTF activities will contribute to (i) update capital markets regulatory frameworks while aligning them will international best practices, (ii) improve capital markets access for SMEs and (iii) support the development of new products. The CMDTF will also work on key knowledge products and events.

To achieve this objective, the CMDTF is recruiting one (1) monitoring and evaluation Consultant. S/he will support the CMDTF Secretariat to conduct M&E and knowledge management activities, report on quality, performance and results of funded projects selected either through Bank’s origination or competitive calls for proposals.

SCOPE OF WORK :

The M&E Consultant will work within the CMDTF Secretariat, under the supervision of the CMDTF Task Manager and general guidance of the Manager of the Capital Markets Development Division (PIFD2). The Consultant will contribute to the delivery of the CMDTF 2021 annual Work Program by leading moderately complex evaluations, monitoring operations and portfolio results management in areas covered by CMDTF (i.e. capital markets development, financial systems, safeguarding financial stability, households and enterprises access to financial services, deepening regional financial integration). S/he will assist in the following areas:

Support operations and results management : Lead M&E and results management activities for projects @entry, @implementation and @exit level against specific indicators ;

  • Develop and maintain an up-to-date M&E guidelines, templates, and user manuals for internal and external audiences ;
  • Design a strong theory of change that ensures the projects support the overall objective of the CMDTF, including relevant indicators, baseline and targets, risks and mitigation measures ;
  • Ensure that project indicators for CMDTF results framework are relevant so that results can be monitored and aggregated for Management and donors ;
  • Lead and undertake literature review of M&E systems in the same sector that are supported by the Fund including designs, and methods ;
  • Conduct remote and/or on-site monitoring to review capacity for results monitoring; Build missions as needed to support executing entities ;
  • Undertake an impact and/or field base case studies that demonstrate projects implementation in tangible manner ;
  • Keep the CMDTF Secretariat informed of any delays, challenges, or risks to the smooth advancement of operations, in particular implementation and results challenges ;
  • Update the Secretariat and Task managers on international best practices, overall quality standards, quality assurance processes, tools and capacity ;
  • Support Task managers and project executing entities in pushing CMDTF projects through the project cycle, particularly in areas of procurement, executing work plans, legal processing, disbursement, and reporting in collaboration with relevant Bank departments ;
  • Contribute to capture lessons learned from M&E and results management activities ;
  • Create a repository of best practices that are widely disseminated to ensure future operations will be enhanced.

Support portfolio management and result tracking :

  • Contribute to grow CMDTF portfolio and roll-out CMDTF 2021 annual Work Program ;
  • Lead portfolio M&E and results management activities against specific indicators; and Publish CMDTF Portfolio M&E and results management Report (June 2021) ;
  • Ensure results are continuously tracked across the portfolio and ensure corrective actions are taken if appropriate.

M&E Reporting :

  • Deliver an impact and/or case studies that demonstrates the impact of Fund in tangible manner ;
  • Publish CMDTF M&E and results management Quarterly Report for Q1 (April), Q2 (July), Q3 (October), Q4 (January 2022) ;
  • Support publication of CMDTF 2020 Annual Report including section on M&E, results management and Theory of change ;
  • Support publication of Quarterly Performance Dashboard ;
  • Draft a M&E and results management Report on 11 operations (one-pager) ;
  • Monitor operations’ performance against the CMDTF results management framework ;
  • Maintain updated M&E and results management files and documents for all projects ;
  • Support the Secretariat during meetings with M&E reporting and dissemination of results.

Business development and partnership :

  • Contribute to position CMDTF as an innovator in mainstreaming M&E and results management culture ;
  • Engage with relevant Bank departments and other trust funds to share M&E experiences and best practices ;
  • Liaise with internal and external partners to ensure effective coordination of CMDTF projects with other ongoing related activities in RMCs to engage in evaluation communities of practice ;
  • Support the development of CMDTF’s periodic M&E and results management Reports as required by the CMDTF Task Manager ;
  • Provide support for the organization of knowledge events, workshops and meetings ;
  • Carry-out research and prepare M&E and results management briefs as required by CMDTF Task Manager ;
  • Support the development of CMDTF communications materials, including brochures, press releases and graphics.

Other :

  • Support CMDTF Secretariat’ s ongoing affairs.
  1. DELIVERABLES AND REPORTING :

The consultant will report to the CMDTF Task Manager. Specific outputs to be produced during the course of the assignment include :

  • Design a strong theory including overall objective of the Fund, relevant indicators, baseline and targets, risks and mitigation measures ;
  • Develop and maintain up-to-date M&E guidelines, templates, and user manuals for internal and external audiences ;
  • Draft CMDTF M&E and results management Quarterly Report for Q1 (April 2021), Q2 (July 2021), Q3 (October 2021), Q4 (January 2022) ;
  • Draft CMDTF Portfolio M&E and results management Report ;
  • Draft CMDTF Operations M&E and results management Report (One-pager) ;
  • Prepare online publications on Fund M&E (LinkedIn, website) ;
  • Support development of outreach and communications materials including Annual Report, CMDTF brochure, press releases, and others ;
  • Support the organisation of occasional outreach events such as workshops and conferences ;
  • Any other report/assignment required by the CMDTF Secretariat ;
  • A Completion Report at the end of the assignment outlining all deliverables achieved and further work necessary.

At the conclusion of the assignment, the Consultant’s outputs will be evaluated based on the following criteria :

  • Professional competence ;
  • Analytical, reasoning, organizational and communication skills ;
  • Reliability and organisation ;
  • Output ;
  • Quality of work produced.
  1. COMPETENCIES (SKILLS, EXPERIENCE AND KNOWLEDGE) : 

The qualifications required for this assignment are the following : 

  • Holds at least a Master’s degree or its equivalent in Economics, Development Evaluation, knowledge management, Finance, Business Administration, Sociology, Development, or other international development related field. A certificate/diploma in development evaluation, development oriented research and/or program/project planning, management and evaluation is an advantage ; 
  • 4-5 years of relevant professional experience as a development evaluator/researcher in designing, conducting, managing, and reporting development evaluation/research and knowledge management studies ;
  • Significant knowledge in quantitative and/or qualitative evaluation methods ; 
  • Broad knowledge of evaluation theories and practice including evaluation needs assessment, design and implementation ;
  • Knowledge of the theory of change and knowledge management; Proven operational and field experience working in development programs would be asset ; 
  • Good team skills, professional judgment, diplomacy, presentation and maturity ; 
  • Knowledge of operational/policy areas, procedures and practice of the African Development Bank or other multilateral development Banks and/or other international development agencies ;
  • Some operational knowledge of international development issues and theories relating to M&E in Africa ;
  • Ability to communicate effectively (in writing and orally) in English or French, preferably with a working knowledge of the other ;
  • Client and results oriented, with strong analytical and communication (both verbally and in writing) skills ;
  • Creativity, enthusiasm and ability to learn new concepts quickly and to take initiative ;
  • Excellent organisational and time management skills; great attention to detail ;
  • Competence in the use of standard Microsoft Office Suite applications (Word, Excel, Access and Power Point, Publisher); knowledge of integrated document management system and/or quantitative and qualitative data analysis packages is an added advantage.
  1. DURATION OF ASSIGNMENT AND REMUNERATION :

The assignment will commence at completion of the selection process and upon contract signing. The consultancy is expected to start in March 2021. The contract with the selected Consultant will last for a period of 12 months, with the possibility of further renewal, based on satisfactory performance and relevant rules. The selected consultant will work remotely. Remuneration will be competitive and based on the qualifications and experience of the selected consultant, in line with the Bank’s guidelines on individual consultant remuneration.

  1. APPLICATION :

The CMDTF Secretariat invites individual consultants to indicate their interest in providing the above-described services by submitting an updated Curriculum Vitae (3 pages maximum) and a cover letter including comments on the TOR, the proposed assignment and record of practical experience (2-pages maximum). Applications should be transmitted in a single PDF file only to: Mr. Albin KAKOU [email protected] , Anitha JAOTODY [email protected] no later than Friday February 26th, 2021 at 17:00 PM (Abidjan Time). The e-mail title should clearly mention ‘M&E Consultant for CMDTF_[NAME]”.