Demand Assessment for Warehouse Receipts Finance

EgyptTenders notice for Demand Assessment for Warehouse Receipts Finance. The reference ID of the tender is 50946842 and it is closing on 24 Mar 2021.

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Tender Details

  • Country: Egypt
  • Summary: Demand Assessment for Warehouse Receipts Finance
  • EGT Ref No: 50946842
  • Deadline: 24 Mar 2021
  • Competition: ICB
  • Financier: World Bank (WB)
  • Purchaser Ownership: -
  • Tender Value: Refer Document
  • Notice Type: Tender
  • Document Ref. No.: 1273329
  • Purchaser's Detail :
  • Purchaser : THE WORLD BANK GROUP
    Nile City Towers, North Tower, 29th Floor, 2005C Corniche El-Nil, Ramlet Boulac, Cairo Tel: +(202) 246 199 83/4/5
    URL :https://www.worldbank.org/en/

  • Description :
  • Expression of Interest are invited for Demand Assessment for Warehouse Receipts Finance. REQUEST FOR EXPRESSION OF INTEREST FOR SELECTION # 1273329 This Request for Expression of Interest is for a Firm Selection. Please log in as a valid Firm User if you wish to express interest in this selection. Selection Information Assignment Title Demand assessment for warehouse receipts finance Publication Date 03-Mar-2021 Expression of Interest Deadline 24-Mar-2021 at 11:59:59 PM (Eastern Time - Washington D.C.) Language of Notice English Selection Notice Assignment Country EG - Egypt, Arab Republic of Funding Sources The World Bank Group intends to finance the assignment/services under: BB - BANK BUDGET Individual/Firm The consultant will be a firm. Assignment Description SELECTION FOR CONSULTANTS BY THE WORLD BANK GROUP REQUEST FOR EXPRESSIONS OF INTEREST Electronic Submissions through World Bank Group eConsultant2 https://wbgeconsult2.worldbank.org/wbgec/index.html ASSIGNMENT OVERVIEW Assignment Title: 1273329 - Demand assessment for warehouse receipts finance Assignment Countries: - Egypt, Arab Republic of ASSIGNMENT DESCRIPTION Warehouse Receipt Finance (WRF) is a financial product where a loan is secured by commodities as collateral. The users of the financial product, often farmers, can use the receipt as collateral to access loans from financial institutions, while also enjoying the advantage of selling these commodities in the market when prices might be higher. IFC is currently working with the Government of Egypt to promote the use of supply chain financing to contribute to the increase in capital flows to SMEs, agribusinesses, and producer organizations, including agricultural cooperatives. In this context, financing with commodity inventories in warehouses as collateral is considered. To support the overall initiative the purpose of the present assignment is to evaluate whether the existing arrangement in Egypt is effective in delivering WRF. INDIVIDUAL / FIRM PROFILE The consultant will be a firm. SUBMISSION REQUIREMENTS The World Bank Group now 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. Consultants may associate to enhance their qualifications. Interested firms are hereby invited to submit expressions of interest. Expressions of Interest should be submitted, in English, electronically through World Bank Group eConsultant2 (https://wbgeconsult2.worldbank.org/wbgec/index.html) NOTES Following this invitation for Expression of Interest, 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 receive notification. No debrief will be provided to firms which have not been shortlisted. Attachments Optional TOR File Qualification Criteria 1. Provide information showing that they are qualified in the field of the assignment. 2. Provide information on the technical and managerial capabilities of the firm. 3. Provide information on their core business and years in business. 4. Provide information on the qualifications of key staff. * - Mandatory Shortlisted consultants will be invited to respond to a Request for Proposal. Contract awards will be made in accordance with the World Bank Group Procurement Policies and Procedures. Demand and supply assessment for warehouse receipts system in Egypt BACKGROUND Warehouse Receipt Finance (WRF) is a financial product where a loan is secured by commodities as collateral. The users of the financial product, often farmers, can use the receipt as collateral to access loans from financial institutions, while also enjoying the advantage of selling these commodities in the market when prices might be higher. The functioning of the WRF requires an appropriate Warehouse Receipt System (WRS) to channel WRF, such as credible agribusinesses, cooperatives, logistics and storage firms whose receipts banks would be in any case willing to finance on the basis of a guarantee, financial institutions willing to work with WRF. IFC is currently working with the Government of Egypt to promote the use of supply chain financing to contribute to the increase in capital flows to SMEs, agribusinesses, and producer organizations, including agricultural cooperatives. In this context, financing with commodity inventories in warehouses as collateral is considered. To support the overall initiative the purpose of the present assignment is to evaluate whether the existing arrangement in Egypt is effective in delivering WRF. This document provides the Terms of Reference for a consulting assignment related to evaluating the demand for warehouse receipts finance in Egypt. OBJECTIVE The objective of the assignment is to quantify the scale and sources of demand and supply for WRF, the appropriate form and structure of delivering it - through a WRS or alternative models - and the readiness of the enabling environment. SCOPE OF WORK The consultant is expected to undertake the following tasks  identify potential beneficiaries of warehouse receipts financing for agricultural goods, both agricultural commodities and inputs such as seeds and fertilizers,  assess the volumes of agricultural goods that could be used as collateral in that context, with an indication of the geographic location and quality standards of the potential future demand for WRS, and  appraise the appetite and readiness of Egyptian financial institutions (public banks/DFIs, commercial banks, MFIs) to supply WRF. Key activities envisaged include:  The consultant should propose a list of agricultural products (outputs and inputs) prioritized according to importance (e.g. production value, employment, industrial value added, contribution to GDP/exports/FX) and the benefits WRF would contribute along the value chains (e.g. producer income gain/avert distress sale, reduce post-harvest loss, reduce storage capacity gaps, improving quality, funding of aggregation, facilitating of two-way trade, etc).  Analysis should take stock of the agricultural policy environment (e.g. trade policy, food security policy, public procurement activity, quality standardization, state subsidy, etc) and historic market price fluctuations for the specific crops, seeds and fertilizers that can take advantage of WRF, in particular to ensure that there is sufficient price volatility and manageable downside price risk to incentivize people to delay marketing and/or fund aggregation by storing their crops and seeking finance.  Analyze the applicability of WRF to different types of flow within targeted value chains, for example making a distinction for contractual and non-contractual crops sold to SOEs/public institutions, private companies or exporters, and other crops sold spot directly through wholesale markets and retail channels.  Interviews of value chain actors (e.g. cooperatives, union of coops, major agro-processing agribusinesses, traders/exporters, SOEs, etc.) to determine the patterns they currently follow to market/procure their crops/raw materials, and how if at all they finance these activities (e.g. do they already use inventories to obtain funding?), assessing their appetite for commodity-backed finance instruments for agricultural goods going forward;  On the basis of the above, production of a summary WRS demand assessment mapping per i) type of user, ii) type of crop, and iii) geographical location,  Itemize and interview financial institutions to evaluate their appetite and readiness - differentiated by type (public bank/DFI, commercial bank, MFI, etc) - to provide financing against commodity inventories, particularly focusing on (i) the types of clients, crops, inputs and value chain that financiers consider more promising per the results of the demand assessment; (ii) the existing forms of collateralized commodity finance offered by financiers, including any collateralized finance offered under the financier-s corporate and trade finance activities, and (iii) the requirements and preferences of financial institutions in terms of storage operator counterparts and their view on whether/how those relationships would be subject to public regulation;  provide recommendations regarding policy and institutional options for incentivizing increased financing and lowering risk for financial institutions, in particular the potential contribution by IFC. QUALIFICATIONS The firm should have an extensive experience in analyzing agricultural finance and commodity market, with extensive boots on the ground to collect data Program leader  At least 15 years of technical expertise in warehouse receipts financing and agribusiness development;  Some demonstrable experience in supporting the institutional development of warehouse receipt financing, collateral management agreements and stock monitoring agreements;  The candidate will have at least a Master-s Degree in Agriculture, Agricultural Economics, International Development, Law or an MBA; and  Based in Egypt All the key personnel who are engaged in the data collection should be based in Egypt and assured that they can travel within the country. DURATION & EFFORT The consultancy work is envisaged to take 40 days. DELIVERABLES  Inception report including a detailed the work plan for the assignment showing methodology, proposed to crops to be looked at, m
  • Documents :
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