Request for Expression of Interests
(Consulting Firms Selection)
Title: Development of a detailed Implementation Plan with M & E Framework and Resource Plan for
National Financial Inclusion Strategy of Bangladesh (NFIS-B).
Project Overview
Business Finance for the Poor in Bangladesh (BFP-B) is a £25 million Project funded by UK aid / DFID
from the UK government. The Bangladesh Bank (BB), the central bank of Bangladesh and Microcredit
Regulatory Authority (MRA), are the implementing agencies, and the Financial Institutions Division
(FID) of the Ministry of Finance (MoF), Government of Bangladesh ( GOB), is the executing agency.
Nathan Associates London Ltd has been contracted as the management agency for the programme.
Context
As part of BFP-B policy component work, the Government of Bangladesh ( GOB) has assigned BFP-B
Project to develop a National Financial Inclusion Strategy of Bangladesh (NFIS-B). The NFIS-B report
has been finalised by following series of regional and sectoral consultations, sub-sector analysis and
organising a national workshop. The final NFIS-B report has been submitted to Financial Institution
Division, Ministry of Finance to place in the Cabinet for approval. Furthermore, GOB has requested
BFP-B to develop a detailed Implementation Plan with M & E Framework and Resource Plan for
National Financial Inclusion Strategy of Bangladesh (NFIS-B).
Brief Description of Assignment
BFP-B Project invites expression of interests from consulting firms to develop a detail Implementation
Plan with M & E Framework and Resource Plan for National Financial Inclusion Strategy of Bangladesh
(NFIS-B). The purpose of this assignment is to develop a comprehensive plan which is divided in two
parts – i) Implementation Plan with M&E Framework and ii) Resource plan.
The implementation plan and M&E framework will be developed by identifying the core and
supplementary financial inclusion indicators for NFIS-B, develop a theory of change, a composite index
of financial inclusion based on financial inclusion dimensions, identify the sources of financial inclusion
data, develop reporting formats for each data source, identify a focal agency which will gather and
compile data, develop M & E system to monitor the progress, identify the roles and responsibilities of
key stakeholders and develop year-wise action plan for the key stakeholders based on NFIS-B Action
Plan (2019-2024). The core and supplementary financial inclusion indicators to be developed based
on global and Bangladesh context. The implementation plan should also provide details operational
guidelines for each committee according to proposed coordination structure of NFIS-B.
The resource plan will be developed by identifying the total resources to be required by different
government agencies and private sectors to implement the NFIS-B, identify sources of resources such
as budget allocation from the government, grant or loan funds from development partners, equity or
investment fund from local and international sources for private sectors etc. and assess year-wise
resource requirements for government agencies, regulators and private sectors to implement NFIS-B
Action Plan.
Expected Deliverables
The shortlisted firms will support development of two plans. The expected activities to deliver are, but
not limited to:
Implementation Plan and M&E Framework
- Assessment plan to operationalise NFIS coordination structure which will include functions of
committees involved and tracker to assess committee work.
- Develop M&E system which will include theory of change (activities, output, outcome and
impact), results framework, means of verification tools and evaluation tool for impact
- Identify core and supplementary financial inclusion indicators
- Develop a composite index of financial inclusion based on dimensions
- Map sources of financial inclusion data and develop reporting format for each data sources
- Identify focal agencies to gather and compile data
- Roles and responsibility matrix of key stakeholders and develop year wise action plan for thekey stakeholders’.
- Year-wise implementation plan (2019-2024)
Resource Plan-
- Identify total resources required by different government agencies and private sectors to
implement NFIS-B
- Map sources of resources
- Assessment plan for year wise resources requirement for government agencies, regulators
and private sectors to implement NFIS-B
Experience, Resources and Delivery Capacity Requirement:
BFP-B invites eligible applicants to submit Expression of Interest (EOI) Application Form. Some
essential and preferred requirements from applicants include:
- Experience of developing operational/implementation plan, M&E system and resource plan
for NFIS of other countries and/or other national strategies is essential.
- Applicants can be from both local and/or international consulting firms or research
organisations. Also, a consortium of national and international firm is preferred to apply with
a lead firm or team operating in Dhaka.
Procurement Method: The Applicant shall be shortlisted in accordance with the Quality and Cost-
Based Selection (QCBS) method by following the procurement guidelines of UKaid/DFID. Only shortlisted
candidates will be contacted. BFP-B Project reserves the right to accept or reject any or all
EOIs.
How to Apply: Interested firms are expected to share Expression of Interest (EOI) in prescribed format.
The EOI Application form can be downloaded from website: www.bfp-b.org. The completed format
must be delivered through email to rhasan@nathaninc.com and TTajreen@nathaninc.com.
Submission Deadline and time: 17 January, 2019 before 5.00 pm (Bangladesh Standard Time).
Contact: Interested Applicants may obtain further information and EOI Application Form through
email to Tanzila Tajreen, Policy Coordinator, BFP-B project, Email: TTajreen@nathaninc.com or
Rashed Al Hasan, Policy Manager, BFP-B Project, Email: rhasan@nathaninc.com.
Click here to download the detail EOI Application Form |