DOCSLIB.ORG

Request for Expressions of Interest African Development Bank Regional Development and Business Delivery Office, East Africa (Rdge)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Request for Expressions of Interest African Development Bank Regional Development and Business Delivery Office, East Africa (Rdge) REQUEST FOR EXPRESSIONS OF INTEREST AFRICAN DEVELOPMENT BANK REGIONAL DEVELOPMENT AND BUSINESS DELIVERY OFFICE, EAST AFRICA (RDGE) Khushee Tower, Longonot Road, Upper Hill P. O. Box 4861 - 00200, Nairobi, Kenya.el: (+254-20) 2998352 Fax: (+254-20) 271 2938 Website: www.afdb.org; E-mail: [email protected] and [email protected]. Brief Description of the assignment; DEVELOPING A COMPETITIVE FINANCIALSECTOR TO DRIVE THE ECONOMY POST COVID-19 IN SOMALIA Place of assignment: Mogadishu, Somalia and partly virtual Period of assignment: November 2020 – May 2021 Expected start date of the assignment: November 2020 Last date for expressing interest: 16th October 2020 Expression of interest to be submitted to: [email protected] and copy [email protected] Any questions/ clarifications needed to be addressed to: [email protected] and [email protected]. Further details are as below. TERMS OF REFERENCE DEVELOPING A COMPETITIVE FINANCIAL SECTOR TO DRIVE THE ECONOMY POST COVID-19 IN SOMALIA GENERAL INFORMATION Services/Work Description: Conduct a diagnostic study to inform reforms to strengthen the Central Bank’s regulatory framework, supervisory capacity, and modernization of the payment systems. Type of the Contract: Individual Consultants Expected Duration: Six (6) person months: November 2020 – May 2021 Expected Start Date: November 2020 I. Background Update on recent economic developments Somalia remains trapped in a low and volatile growth situation resulting in pervasive poverty. Growth averaged 2.7% during 2015-2019, which is lower than the average growth in population of 2.9%. Private consumption, which accounts for about two thirds of GDP is the leading growth driver on the demand side but boosting capital investments is necessary to lift growth, reduce poverty and support economic diversification. During the 2016-2019 period, government expenditure averaged less than 6% of GDP, while net exports were about -62%, with gross investments accounting for about 14% of GDP, which is not enough to cover the country’s significant reconstruction needs. The Central Bank of Somalia (CBS) has limited control over the exchange rate and the supply of the Somali Shilling as printing of counterfeit notes by private actors is very common. Consequently, Somalia’s de facto currency is the USD, which is used for most transactions including mobile money payments. Inflation receded to 5.1% and 4.4% in 2018 and 2019 respectively following improved food supply. Despite the expected fall in aggregate demand due to reduced economic activity, inflation is projected to spike to 6.3% in 2020 in the worse-case scenario, compared to the pre-COVID-19 projection of 3% due to supply shortages following contraction of imports. Implementation of the HIPC completion point reforms requires zero-cash fiscal balances to avoid payments arrears and debt accumulation. To achieve this, while responding to the COVID-19 impact, the international community has pledged to support Somalia such that any revenue losses due to COVID- 19 will be fully offset and additional resources to shield the vulnerable population from the effects of the pandemic will be provided to finance an expanded social protection program. The mid-year fiscal report points to less than targeted customs and sales taxes by end of 2020 and this is happening at a time when increased spending on health care programs and transfer to Federal member States (FMS) and Benadir Regional Administration (BRA) are putting more fiscal pressure on the Government. Somalia’s external balance position reflects an unsustainable structural challenge of an undiversified economy that is vulnerable to internal and external shocks. The current account deficit stood US$409 million in 2019 (8% of GDP), mainly financed by remittance from diaspora and FDI. Exports of livestock, which accounted for 57% of total exports in 2013 have declined to about 27% in 2018 due to the 2017 ban by Saudi Arabia, the country’s largest export for livestock. Somalia’s public debt declined to 55% of GDP following the clearance of its arrears with the Bank, World Bank and the IMF and interim debt relief from the Paris Club creditors in March 2020. However, the country remains in debt distress as its 55% debt to GDP ratio is above the sustainable 30% threshold for low-income countries. Somalia has since embarked on implementing an IMF Extended Credit Facility program that is expected to lead to full debt relief by 2023/24, subject to satisfactory performance. The economic outlook is overshadowed by the COVID-19 crisis despite reengagement with the international financial institutions (IFIs). Somalia health systems are weak, containment measures have reduced consumer demand and investor sentiment has turned negative due to the uncertainty related to the pandemic, while disruptions in global supply chains are constraining supply. Preliminary projections indicate that real GDP growth will contract by 3.3% under the baseline scenario where COVID-19 is contained by the third quarter of 2020 and by 5.4% under the worse-case scenario if COVID-19 persists to the end of 2020. A partial rebound to 1.1% and 0.3% is expected under the baseline and worst-case scenarios respectively in 2021. The Consumer Price Index (CPI) on food and non-alcoholic beverages peaked at 132.03 in May but has since declined to 125.6 in July 2020, suggesting a positive response to government’s targeted and temporary tax relief on essential food imports from April to July 2020 and this has been extended by another three months. Update on the Financial Sector Somalia’s financial sector is nascent, and intermediation is limited. Total sector assets are equivalent to about 5.4% of GDP; credit to the private sector is about 2.3% of GDP, although growth has been rapid over the past two years. Banks provide a mix of Islamic and conventional financial products. Demand for credit is primarily generated to pay for imports, followed by real estate and from households. The coverage of conventional banking services is limited to urban areas given the fragile security situation, constraining access to financial services for the sizable rural and nomadic population. At the same time, widespread use of mobile money (MM), which is estimated to have a penetration rate of 73%, and remittance inflows (over 20% of GDP), represent opportunities to increase inclusivity and broaden access to financial services. The use of MM to conduct cross-border transfers is growing and many Somalis hold balances in MM and with money transfer businesses (MTBs), in addition to traditional savings in banks. The sector faces numerous constraints to greater financial stability and intermediation. There are considerable trust and information deficits. Financial institutions, including the Central Bank of Somalia (CBS), require additional capacity and improved governance, and the financial infrastructure (credit information, judicial, legal) is under-developed or non-existent. Individuals and businesses report that the main obstacles to accessing credit are unfavorable terms and conditions, and insufficient collateral. At the same time, risk aversion constrains bank lending, illustrated by a highly liquid system and the need for financial infrastructure. The payments system is under-developed: MM penetration is high but lacks inter-operability; settlement and clearance of inter-bank transactions at the CBS lacks scalability; and, international payments are largely transacted through MTBs that have lost or face the risk of losing correspondent banking relationships due to de-risking by international correspondent banks. These gaps inhibit efficient financial intermediation and robust economic growth. The impact of Covid-19 to the banking sector is at an early stage as the first stage of lockdowns was announced in the third week of March 2020. In this regard, Q1 report of 2020 does not show any noticeable change in the credit to private sector and customer deposits. The nonperforming loans (NPL) is almost similar to the last quarter of 2019. COVID lockdown and travel restrictions have impacted mobile transfer business and almost depleted the cash-flow, constraining their ability to make payments as suspension of international and domestic flights affected the movement of cash into Somalia. Despite the underlying challenges on correspondent banking from banks, there is an indication that some businesses are shifting their fund transfer to the banking sector. The biggest obstacle to using this secure and traceable medium of payment, is the fact that remittances are logistically blocked in North America and Europe. II Objective of the assignment: The objective of the assignment is to support the Government of Somalia to generate rigorous analytical work to inform required financial sector development reforms, with emphasis on enhancing the central bank’s capacity to regulate and ensure focused financial sector contribution to post-COVID-19 economic recovery. III. Scope of Work The African Development is seeking to recruit a team of consultants to support the Government of Somalia notably the Central Bank to undertake a financial sector diagnostic study to assess the impact of COVID-19. This study will identify gaps and develop a road map for establishing a competitive financial sector to increase access to credit for the private sector, notably business affected by the COVID-19 crisis. During the assessment, the team of experts will work with the Government officials and Central Bank team to address some of the weakness identified
Load more

Recommended publications
  • The World Bank Official Ibrd* Ida I Wormd Bankgroup Documents
    THE WORLD BANK OFFICIAL IBRD* IDA I WORMD BANKGROUP DOCUMENTS ,2018 Public Disclosure Authorized H.E. Abdirahman Duale Beileh Minister of Finance Federal Republic of Somalia Villa Somalia MOGADISHU Excellency: SMPF Grant Nos. TF0A1688 and TF0A8094 (Somali Core Economic Institutions and Opportunities Project-Phase 1) Amendment to the Grant Agreement Public Disclosure Authorized We refer to the Grant Agreement (the "Agreement") between Federal Republic of Somalia ("Recipient") and the International Development Association ("World Bank") acting as administrator of the Somalia Multi-Partner Fund dated February 15, 2016. We propose to amend the Agreement as set forth in this letter ("Amendment"): 1. The cover page of the Agreement is amended as follows: (a) "SMPF Grant Number TFOA1688 and TF0A8094" Any reference in the Agreement to, "Grant Number", shall be reference to, "SMPF Grant Numbers TFOA 1688 and TF0A8094". Public Disclosure Authorized 2. Section 3.01 of the Agreement is amended as follows: "The World Bank agrees to extend to the Recipient, on the terms and conditions set forth or referred to in this Agreement, a grant: (a) in an amount equal to three million three hundred thousand United States Dollars ($3,300,000) ("Grant No. TF0A1688"); and (b) in an amount equal to seven million two hundred ninety thousand United States Dollars ($7,290,000) ("Grant No. TF0A8094"), to assist in financing the Project." 3. Schedule I to the Agreement is amended as set forth in the Annex I to this Amendment. 4. The table set forth in Section IV.A.2 of Schedule 2 to the Agreement is amended as set forth in the Annex 2 to this Amendment.
    [Show full text]
  • "4J'1111 .3.J11 UNIAO AFRICANA
    AFRICAN UNION UNION AFRICAINE "4j'1111 .3.J11 UNIAO AFRICANA P.O. Box: 3243, Addis Ababa, Ethiopia, Tel.:(251-11) 551 38 22 Fax: (251-11) 551 93 21 Email: situation [email protected], oau -ewsj ethionet.et __ PEACE AND SECURITY COUNCIL 214TH MEETING 8 JANUARY 2010 ADDIS ABABA, ETHIOPIA PSC/PR/2(CCXIV) REPORT OF THE CHAIRPERSON OF THE COMMISSION ON THE SITUATION IN SOMALIA PSD/PR/2(CCXIV) Page 1 REPORT OF THE CHAIRPERSON OF THE COMMISSION ON THE SITUATION IN SOMALIA 1. INTRODUCTION 1. At its 194th meeting held on 15 June 2009, Council reviewed developments in Somalia on the basis of the report I presented on the situation in that country [PSC/PR/2(CXCIV)]. Council adopted communique PSC/PR/COMM.(CXCIV), in which it, among others, decided to renew the mandate of the African Union Mission in Somalia (AMISOM) for a period of seven months, beginning from 17 June 2009. 2. The present report provides an update on the developments that have taken place in Somalia since June 2009. It concludes with observations and recommended actions on the way forward, including the renewal of AMISOM mandate for a further period of 12 months, starting from 17 January 2010. POLITICAL SITUATION 3. During the period under review, the Transitional Federal Government (TFG) has continued to experience many challenges, mainly as a result of the continued attacks by armed extremists groups, supported by foreign elements. In addition to the continued insecurity in most parts of Somalia, the TFG also faces the challenges of weak capacity of security and public sector institutions, delays in articulating and implementing a clear political roadmap, clan divisions and other internal problems within the Government, lack of resources for the provision of basic services, and inadequate organization and coordination of sufficient and continued partner support.
    [Show full text]
  • Annual Report for the Year Ending December 31, 2016
    i Central Bank of Somalia Mogadishu – Somalia To request a complimentary copy of this report, Contact at: [email protected] An electronic copy is available at www.centralbank.gov.so 55 Corso Somalia P. O. Box 11 Mogadishu, Somalia Phone: +(252) 1866131 +(252) 1866151 +(252) 1866152 Fax: +2521241152 ii CONTENTS Table of Contents ............................................................................................................iii List of Tables .............................................................................................................. iv List of Charts................................................................................................................v List of Acronyms............................................................................................................ vi Governor’s Massage ......................................................................................................... 1 Preface ................................................................................................................... 2 1. World Economy .......................................................................................................... 6 1.1 Financial Flows........................................................................................... 8 1.2 Remittances to Developing Countries ............................................................. 9 2. Domestics Economy ..................................................................................................... 11 2.1 Livestock...................................................................................................
    [Show full text]
  • Somalia Economic Update
    Federal Republic of Somalia SOMALIA ECONOMIC UPDATE August 2018 | Edition No. 3 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Rapid Growth in Mobile Money: Public Disclosure Authorized Stability or Vulnerability? Federal Republic of Somalia SOMALIA ECONOMIC UPDATE RAPID GROWTH IN MOBILE MONEY: STABILITY OR VULNERABILITY? August, 2018 MACROECONOMICS, TRADE & INVESTMENT AFRICA TABLE OF CONTENTS ACKNOWLEDGEMents ....................................................................................................................... ii FOREWORD .......................................................................................................................................... iii ARAR .................................................................................................................................................... iv EXecUTIVE SUMMARY ......................................................................................................................... v NUXURKA SOO KoobIDDA .................................................................................................................. x PART I. Recent Economic Developments .................................................................................................... 2 1.1 Growth is recovering modestly—but it has not dented poverty .................................................. 2 1.2 Real GDP growth weakened in 2017 ............................................................................................. 2 1.3
    [Show full text]
  • [Project Title]
    ANNEX 6.1 - REGULATORY ENVIRONMENT ANALYSIS 1.1 OVERVIEW Several regulations and pieces of legislation currently exist to support the Somalia Information and Communications Technology (ICT) and mobile money sectors. However, due to a lack of resources and capacity, as well as the political context, these regulations are not updated or poorly implemented by the government, leaving mobile money providers to self-regulate. Government structures regarding mobile money are similar across the three regions. The Central Banks are the main authorities when it comes to financial institutions and mobile money. The Ministries of Posts, Telecommunications and Technology (Ministry of Communication and Information Technology in Somaliland) are the authorities that oversee the ICT sector. Supporting institutions include the Ministries of Finance in all three regions. South-Central Somalia is the most developed in terms of mobile money regulations. The Somalia Mobile Money Regulation is the most significant piece of legislation with regards to mobile money in South Central and was passed by the Somalia Parliament in 2019. A similar regulation is currently being developed in Somaliland, with hope of being approved by the Somaliland Parliament before 2021. Puntland is the least developed in terms of regulation, relying heavily on South-Central regulations. 1.2 MAIN GOVERNMENT BODIES AND REGULATORS In South-Central Somalia, the Central Bank of Somalia (CBS) is the main government body that oversees and regulates mobile money. The Ministry of Posts, Telecommunications and Technology (MoPTT) is the main supporting body as it oversees the telecommunications sector. Other supporting bodies include the Ministry of Finance and the National Communications Agency (NCA).
    [Show full text]
  • Somalia Country Study
    Somalia Country Study A part of the report on Informal Remittance Systems in Africa, Caribbean and Pacific (ACP) countries (Ref: RO2CS008) Commissioning institutions: Department of International Development (DFID) UK European Community’s Poverty Reduction Effectiveness Programme (EC-PREP) Deloitte & Touche Anna Lindley University of Oxford 15 January 2005 ESRC Centre on Migration, Policy and Society (COMPAS) University of Oxford, 58 Banbury Road, Oxford OX2 6QS, UK T - +44/0 1865 274711, F - +44/0 1865 274718, I – www.compas.ox.ac.uk Contact: [email protected] Table of contents 1. Introduction ............................................................................................................... 2 2. Somalia, migration and remittances........................................................................ 2 Somalia .............................................................................................................................2 Migration ...........................................................................................................................4 Remittances ......................................................................................................................5 3. Types of remittance systems in Somalia ................................................................ 8 Hand delivery of remittances.............................................................................................8 Trade-based remittance systems......................................................................................8
    [Show full text]
  • SOMALIA-SCD-08152018.Pdf
    A Document of The World Bank Group Public Disclosure Authorized FOR OFFICIAL USE ONLY Report No. 123807-SO FEDERAL REPUBLIC OF SOMALIA SYSTEMATIC COUNTRY DIAGNOSTIC Public Disclosure Authorized May 1, 2018 Public Disclosure Authorized Public Disclosure Authorized i SOMALIA – GOVERNMENT FISCAL YEAR January 1 – December 31 CURRENCY EQUIVALENTS (Exchange Rate Effective as of April 1, 2018) Currency Unit: = Somali Shillings (SOS) US$1.00 = TZS 577 Abbreviations and Acronyms AfDB African Development Bank AMISOM African Union Mission in Somalia AML Anti-Money Laundering AS Al Shabaab ASWL Association of Somalia Women Lawyers CAMEL Capital, Assets, Management, Earnings, Liquidity CBS Central Bank of Somalia CFT Combating the Financing of Terrorism COGWO Coalition of Grassroot Women’s Organizations DFID Department for International Development DG District Government EEZ Exclusive Economic Zone FAO Food and Agriculture Organization FATF Financial Action Task Force FGC Financial Governance Committee GCC Gulf Cooperation Council GBV Gender-based violence GBVIMS GBV Information Management System GDP Gross Domestic Product HH Household ICT Information and communication technology IDA International Development Association IDLO International Development Law Organization IDP Internally displaced people IGAD Inter-Governmental Authority on Development IMF International Monetary Fund INDC Intended Nationally Determined Contribution INPB Interim National Procurement Board IPCC Intergovernmental Panel on Climate Change's IPV Intimate partner violence IRC
    [Show full text]
  • The World Bank Report on Somalia Economic Update
    October 2015 | Edition No. 1 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Transition amid Risks with a Special Focus on Intergovernmental Fiscal Relations Public Disclosure Authorized Macroeconomic and Fiscal Global Practice Transition amid Risks with a Special Focus on Intergovernmental Fiscal Relations TABLE OF CONTENTS ABBREVIATIONS ............................................................................................................................................................ i FOREWORD ................................................................................................................................................................... iii ACKNOWLEDGEMENTS ................................................................................................................................................. v MAIN MESSAGES AND KEY RECOMMENDATIONS ....................................................................................................... vi EXECUTIVE SUMMARY .................................................................................................................................................. ix PART I: Social, Economic, and Governance Status ....................................................................................................... 1 1. Context and Objectives ......................................................................................................................................... 2 2. Social and Poverty Status .....................................................................................................................................
    [Show full text]
  • BTI 2020 Country Report — Somalia
    BTI 2020 Country Report Somalia This report is part of the Bertelsmann Stiftung’s Transformation Index (BTI) 2020. It covers the period from February 1, 2017 to January 31, 2019. The BTI assesses the transformation toward democracy and a market economy as well as the quality of governance in 137 countries. More on the BTI at https://www.bti-project.org. Please cite as follows: Bertelsmann Stiftung, BTI 2020 Country Report — Somalia. Gütersloh: Bertelsmann Stiftung, 2020. This work is licensed under a Creative Commons Attribution 4.0 International License. Contact Bertelsmann Stiftung Carl-Bertelsmann-Strasse 256 33111 Gütersloh Germany Sabine Donner Phone +49 5241 81 81501 [email protected] Hauke Hartmann Phone +49 5241 81 81389 [email protected] Robert Schwarz Phone +49 5241 81 81402 [email protected] Sabine Steinkamp Phone +49 5241 81 81507 [email protected] BTI 2020 | Somalia 3 Key Indicators Population M 15.0 HDI - GDP p.c., PPP $ - Pop. growth1 % p.a. 2.8 HDI rank of 189 - Gini Index - Life expectancy years 56.7 UN Education Index - Poverty3 % - Urban population % 45.0 Gender inequality2 - Aid per capita $ 120.7 Sources (as of December 2019): The World Bank, World Development Indicators 2019 | UNDP, Human Development Report 2019. Footnotes: (1) Average annual growth rate. (2) Gender Inequality Index (GII). (3) Percentage of population living on less than $3.20 a day at 2011 international prices. Executive Summary The beginning of the review period saw a presidential election in Somalia. Mohamed Abdullahi Mohamed, commonly known by his nickname “Farmaajo,” was elected as new president in January 2017.
    [Show full text]
  • Somalia 2020 Approval External Enacted Budget Min Ecos Fin Cen
    FED ERAL REPUBLIC OF SOMALIA SUPPLEMENTAL APPROPRIATION ACT FOR THE 2020 BUDGET ACT No. 000 01 6 Theme “Responding to the COVID-19 Challenge” Supplemental Appropriation Act for 2020 Budget Contents 1. Part One General .............................................................................................................................................. 2 1.1 Definitions ...................................................................................................................................................... 2 1.2 Total Budget Appropriated .............................................................................................................................. 3 2 Part Two ................................................................................................................................................................ 3 Budget Administration ...................................................................................................................................................................... 3 2.1 Powers of Federal Government Organs ........................................................................................................... 3 2.2 Budget Transfer .............................................................................................................................................. 3 2.3 Budget Transfer within Public Bodies............................................................................................................... 3 2.4 Budget Transfer between Public
    [Show full text]
  • Report of the Somalia and Eritrea Monitoring Group
    ADVANCED COPY – CONFIDENTIAL Letter dated 27 June 2012 from the members of the Monitoring Group on Somalia and Eritrea addressed to the Chairman of the Security Council Committee pursuant to resolutions 751 (1992) and 1907 (2009) concerning Somalia and Eritrea We have the honour to transmit herewith the report focusing on Somalia of the Monitoring Group on Somalia and Eritrea in accordance with paragraph 6 (m) of Security Council resolution 2002 (2011). (Signed) Matt Bryden Coordinator Monitoring Group on Somalia and Eritrea (Signed) Emmanuel Deisser Arms Expert (Signed) Aurélien Llorca Aviation Expert (Signed) Jörg Roofthooft Maritime Expert (Signed) Ghassan Schbley Finance Expert (Signed) Babatunde Taiwo Armed Groups Expert (Signed) Kristele Younes Humanitarian Expert ADVANCED COPY - CONFIDENTIAL 2 Report of the Monitoring Group on Somalia and Eritrea pursuant to Security Council resolution 2002 (2011) Contents Page Abbreviations 5 Summary 6 I. Introduction 9 A. Mandate 9 B. Methodology 9 II. Acts that threaten the peace, security and stability of Somalia 11 A. Public sector financial mismanagement and corruption 11 B. Harakaat al-Shabaab al-Mujaahidiin 14 C. Al-Shabaab as a regional and international threat 15 D. Piracy and kidnap for ransom (KFR) 16 III. Violations of the general and complete arms embargo 19 A. Foreign military operations in Somalia 20 B. Private Security Companies (PSCs) 21 C. Private Maritime Security Companies/ Floating Armouries 24 D. Non-compliance 24 IV. Obstruction of Humanitarian Assistance 25 A. Denial of access 25 B. Diversion and misappropriation of humanitarian assistance 26 C. Best practices 27 V. Violations of International Humanitarian Law 27 A. Attacks on civilians 28 B.
    [Show full text]
  • Promoting a Resilient and Inclusive Private Sector in Fragile Contexts - Somalia Acknowledgements
    PROMOTING A RESILIENT AND INCLUSIVE PRIVATE SECTOR IN FRAGILE CONTEXTS - SOMALIA ACKNOWLEDGEMENTS This study was carried out with the grant support from the International Development Research Centre (IDRC), Ottawa, Canada. The report presents the insights from 45+ stakeholders including Development Finance Institutions (DFIs), donors, NGOs, private impact investors, incubators, accelerators, and social enterprises from all across Somalia. We would like to express our thanks to the various stakeholders who shared their journey and inspiring stories with the team and supported in completion of the study. We would also like to thank all other stakeholders who provided useful insights on the private sector landscape in the country and helped us connect with impact enterprises across the country. We are grateful to IDRC for supporting and guiding us in this endeavor. The team would also like to gratefully acknowledge and thank Flaubert Mbiekop and Vikas Bali for their guidance and suggestions. Main Authors: Karnika Yadav, Harish Reddy, Charu Thukral. Other Authors/Research Team - Racheal Wangari, Christine Gachui. ABOUT INTELLECAP Intellecap is a pioneer in providing innovative business solutions that help build and scale profitable and sustainable enterprises dedicated to social and environmental change. Founded in 2002, the Aavishkaar - Intellecap Group now manages over USD 750 million assets and has directed over USD 1 billion of capital to entrepreneurs working on challenging problems sustainably through equity funds, venture debt vehicle, microfinance lending and investment banking intermediation. Intellecap provides a broad range of consulting, research and investment banking services to multilateral agencies, development finance institutions, social enterprises, corporations, investors, policy- makers and donors. In 2017, Intellecap won the ‘Impact Market Builder of the Year Award’ from Global Steering Group (GSG) Chicago, a G20 Thinktank.
    [Show full text]