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NOTICES & DOCUMENTS  

Government Of The Republic Of Sierra Leone Ministry Of Finance And Economic Development Request For Expressions Of Interest
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Sep 11, 2009, 17:02
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GOVERNMENT OF THE REPUBLIC OF SIERRA LEONE

MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT

REQUEST FOR EXPRESSIONS OF INTEREST

COUNTRY: Sierra Leone
NAME OF PROJECT: Preparation of External Commercial Debt Reduction Operation Programme
SECTOR: Public Debt
PROJECT GRANT NUMBER: 093966-SL

LEGAL ADVISORY SERVICES

1. The Government of the Republic of Sierra Leone has received a grant from the International Development Association (IDA) of the World Bank for the preparation of a Commercial Debt Reduction Programme, covering the buyback of the public and publicly guaranteed external commercial debt of the Republic of Sierra Leone. The Government intends to apply part of the proceeds to the cost of Consultancy Services for Legal Advisors for that purpose, following international competitive bidding procedures.
2. The Legal Advisors are required to provide advice to the Government of the Republic of Sierra Leone on all legal matters dealing with the formulation, preparation and execution of the Programme. The services required include:

· assisting in the formulation of the Programme (namely, the buyback operation covering the public and publicly guaranteed external commercial debt of the Republic of Sierra Leone); in collaboration with financial advisors,
· analyzing all legal matters and documentation in relation to the outstanding public and publicly guaranteed commercial external public debt obligations,
· contributing to the full reconciliation of data and information on public and publicly guaranteed external commercial debt obligations,
· advising the Government, together with the financial advisors, on alternative modes for debt relief and on the legal aspects of the likely response of creditors,
· negotiating on behalf of the country the legal and operational terms and conditions of the external commercial debt buyback operation such that it protects the interests of the country;
· advising on legal issues including litigation pending or threatened by creditors;
· formulating, together with the financial advisors, the strategy to buyback the public and publicly guaranteed external commercial debt, which is the backbone of the Programme,
· launching the buyback operation, together with the financial advisors, and
· assisting the authorities as many reasonably be required in connection with World Bank procedures and processes applied in similar buyback operations

3. The Programme will have three phases: (i) a preparatory phase, (ii) an execution phase and (iii) a closing phase
4. The expected duration for the provision of services is between 12 and 24 months. The consultant’s total remuneration shall not exceed the Contract Price and shall be fixed lump-sum including all staff costs, sub-consultants’ costs, printing, communications, travel, accommodation, and the like, and all other costs incurred by the consultant in carrying out the services as given in the ‘Terms of Reference’. The payments to the consultant will be linked to the various stages of completion of the operation, and as agreed between the client and the consultant in the detailed contract to be established between the authorities and the consultant, following standard rules applied to World Bank procurement of consulting services.
5. The Ministry of Finance and Economic Development now invites eligible consulting firms to indicate their interest in providing legal advisory services to the Government of the Republic of Sierra Leone. Interested consultants 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). Consultants may associate to enhance their qualifications. Interested foreign firms are especially encouraged to associate with local firms to enhance local capacity although this will not be considered as part of the selection criteria.
6. Consultants will be selected in accordance with the procedures set out in the World Bank’s Guidelines: Selection and Employment of Consultants by World Bank’s Guidelines: Selection and Employment of Consultants by World Bank Borrowers (May 2004, revised October 2006).
7. Interested consultants may obtain further information at http://www.mofed.gov.sl
8. Expression of interest must be delivered to the address below not later than 13:00 hours GMT on Monday, 28th September 2009.

Mr. Sahr L. Jusu
Head, Public Debt Unit
3rd Floor, Treasury Building
George Street
Freetown
Tel: +232 22 222211 or 232 76 611225

E-mail: sjusu@mofed.gov.sl or procurementunit@mofed.gov.sl


GOVERNMENT OF THE REPUBLIC OF SIERRA LEONE

MINISTRY OF FINANCE AND ECONOMIC DEVELOPMENT

REQUEST FOR EXPRESSIONS OF INTEREST

COUNTRY: Sierra Leone
NAME OF PROJECT: Preparation of External Commercial Debt Reduction Operation Programme
SECTOR: Public Debt
PROJECT GRANT NUMBER: 093966-SL

                  FINANCIAL ADVISORY SERVICES

1. The Government of the Republic of Sierra Leone has received a grant from the International Development Association (IDA) of the World Bank for the preparation of a Commercial Debt Reduction Programme, covering the buyback of the public and publicly guaranteed external commercial debt of the Republic of Sierra Leone. The Government intends to apply part of the proceeds to the cost of Consultancy Services for Financial Advisors for that purpose, following international competitive bidding procedures.
2. The Financial Advisors are required to provide advice to the Government of Sierra Leone on all financial matters pertaining to the formulation, preparation and execution of the Programme. The services required include:

· assisting in the formulation of the Programme (namely, the buyback operation covering the public and publicly guaranteed external commercial debt of the Republic of Sierra Leone); in collaboration with legal advisors,
· analyzing all financial matters and documentation in relation to the outstanding public and publicly guaranteed commercial external public debt obligations,
· carry out the full reconciliation of data and information on public and publicly guaranteed external commercial debt obligations, including clearly identifying the public and publicly guaranteed external commercial debt obligations that are eligible for treatment under the Debt Reduction Facility (DRF);
· ADVISING THE Government, together with the legal advisers, on alternative modes for debt relief and on the financial aspects of the likely response of creditors;
· Negotiating on behalf of the country the financial terms and conditions of the external commercial debt buyback operation such that it protects the interests of the country, with a particular intention to ensuring the most comprehensive coverage for the operation, and other criteria ruling external commercial debt buyback operations supported by the World Bank;
· Advising on financial issues pertaining to litigation pending or threatened by creditors;
· Leading the formulation, together with the legal advisors, of the strategy to buyback the public and the publicly guaranteed external commercial debt, which is the backbone of the programme,
· Launching the buyback operation, together with the legal advisors, including producing a detailed report on all invited creditors and their responses, acting as closing agent required in the agreed closing mechanism, and
· Assisting the authorities as may reasonably be required in connection with World Bank procedures and processes applied in similar buyback operations.

3. The Programme will have three phases: (i) a preparatory phase, (ii) an execution phase and (iii) a closing phase
4. The expected duration for the provision of services is between 12 and 24 months. The consultant’s total remuneration shall not exceed the Contract Price and shall be fixed lump-sum including all staff costs, sub-consultants’ costs, printing, communications, travel, accommodation, and the like, and all other costs incurred by the consultant in carrying out the services as given in the ‘Terms of Reference’. The disbursements to the consultant would be linked to the various stages of completion of the operation, and as agreed between the client and the consultant
5. The Ministry of Finance and Economic Development now invites eligible consulting firms to indicate their interest in providing financial advisory services to the Government of the Republic of Sierra Leone. Interested consultants 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). Consultants may associate to enhance their qualifications. Interested foreign firms are especially encouraged to associate with local firms to enhance local capacity although this will not be considered as part of the selection criteria.
6. Consultants will be selected in accordance with the procedures set out in the World Bank’s Guidelines: Selection and Employment of Consultants by World Bank’s Guidelines: Selection and Employment of Consultants by World Bank Borrowers (May 2004, revised October 2006).
7. Interested consultants may obtain further information at
http://www.mofed.gov.sl
8. Expressions of interest must be delivered to the address below not later than 13:00 hours GMT on Monday, 28th September 2009.

Mr. Sahr L. Jusu
Head, Public Debt Unit
3
rd Floor, Treasury Building,
George Street, Freetown
Tel: +232 22 222211 or 232 76 611225
E-mail: sjusu@mofed.gov.sl or procurementunit@mofed.gov.sl


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