Development of Domestic Debt Markets in the West African Monetary Zone (WAMZ) - Phase I

• Country: Ghana
• Summary: Development of Domestic Debt Markets in the West African Monetary Zone (WAMZ) - Phase I
• GHT Ref No: 52073204
• Deadline: 07 Jul 2021
• Financier: African Development Bank (AfDB)
• Purchaser Ownership: Government
• Tender Value: Refer Document
• Notice Type: Tender
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• Description:
• General Procurement Notice for Development of Domestic Debt Markets in the West African Monetary Zone (WAMZ) - Phase I. Debt Market Development Project - The Gambia, Guinea, Liberia, and Sierra Leone NAME OF PROJECT: DEVELOPMENT OF DOMESTIC DEBT MARKETS IN THE WEST AFRICAN MONETARY ZONE (WAMZ) - PHASE I GRANT No.: 5900155016369 GENERAL PROCUREMENT NOTICES (GPN) 1. The West African Monetary (WAMI) has received a grant from the African Development Bank and the African Development Fund to finance the Development of Domestic Debt Market in WAMZ (Phase I) Project in The Gambia, Guinea, Liberia and Sierra Leone. 2. The principal objectives of this project are to strengthen the capacity of the four (4) Member States of the West African Monetary Zone (WAMZ), namely The Gambia, Liberia, Sierra Leone and Guinea to manage domestic debt through the development of their domestic debt securities markets. The Project will enhance the development of the financial markets in the four Member States to improve the financing of development. The specific objectives of the Project include: (i) deepening primary debt markets and short-tenured instruments; (ii) enhancing debt market infrastructure; (iii) supporting development of longer-tenured instruments; (iv) improving the debt market operational system; (v) facilitating and deepening of secondary debt markets; and (iv) broadening investor base. 3. The project includes the following components: (a) Component 1: Improvement of Debt Market Infrastructure. This component will enhance the quality of debt market infrastructure in the beneficiary countries. It will provide support for the upgrade of Information Technology (IT) systems to be recommended by prior assessment for each country covering; (i) upgrade of infrastructure to enhance the capacity of servers and software of the securities settlement system (the Script less Securities Settlement System) to facilitate trading and settlement efficiency of public debt securities; (ii) enhance the functionality and effectiveness of the system, to ensure Delivery vs Payments (DvP) in real time; and (iii) technical training and capacity building to end-users to ensure sustainable use and knowledge transfer. (b) Component 2: Strengthening of Domestic Debt Markets. This component will enhance the debt and treasury management capacity of the beneficiary countries with a focus on technical capacity building in debt and liquidity management. It also supports: (i) development of the primary debt market by establishing or reinforcing the primary dealership system; (ii) establishment of operating frameworks for institutional investors; (iii) strengthen capacity of relevant units to develop and publish regular issuance calendars; and (iv) preparation of a roadmap for debt market development in each of the beneficiary countries. (c) Component 3: Project Management. This component will involve the provision of institutional or management support for Project implementation and supervision of Project activities and outcomes. 4. Acquisition of the services of Consultants will follow the Bank's Rules of Procedure for the Use of Consultants. The Request for Proposals (RFP) are expected to be available in July 2021. 5. Interested consultants may obtain further information, and should confirm their interest, by contacting: The West African Monetary Institute (WAMI) Gulf House, Tetteh-Quarshie Interchange, Accra, Ghana Contact: Abdoulaye Barry, Project Coordinator Telephone: +233 302 743801 Email: info@wami-imao.org
• Documents:

 Tender Notice