The reporter Saturday February 28, 2026
REQUEST FOR EXPRESSIONS OF INTEREST (REOI)
Country:
Ethiopia
Program:
Rural Financial Intermediation Program III
Assignment:
Revision and Development of the National Financial Education Strategy 2026-2030
of the National Bank of Ethiopia (NBE).
Selection
Method: Quality and Cost Based Selection (QCBS)
IFAD
Grant No. 2000003210
Reference
No. IFAD/RUFIPIII/NBE/ICB/CS/06/2025/26
The Federal
Democratic Republic of Ethiopia has received financing from the International Fund
for Agricultural Development (IFAD) for the Rural Financial Intermediation Program
(RUFIP) and intends to apply part of the proceeds for payments under the contract
for the procurement of consultancy services for National Bank of Ethiopia's revision
of the National Financial Education Strategy Project. The National Bank of Ethiopia
(NBE) is a central bank of the Federal Democratic Republic of Ethiopia with a vision
to be a trusted guardian of Ethiopia's monetary and financial systems and a mission
to maintain price and external stability while ensuring a safe, modem, and inclusive
financial system. NBE has received finance from International Fund for Agriculture
Development (IFAD) towards the cost of RUFIP III and intends to apply part of the
proceeds for the requirement of consulting service, for which this REOI is
issued.
Objective
of the Consultancy:
The major
objective of the project is to provide evidence-based inputs to strengthen Ethiopia's
financial education efforts by reviewing the implementation and results of NFES
2021-2025 and developing a coherent, inclusive, and implementable National Financial
Education Strategy for the period 2026-2030.
The specific
objectives of the consultancy service are the following:
1.Review
of NFES 2021-2025;
Assess
the relevance, effectiveness. efficiency, coherence, and sustainability of NFES
2021-2025.
Measure
the extent to which the strategy's objectives, targets, and outcomes were achieved.
Identify
success factors, implementation challenges, unintended effects, and key lessons!
Provide
actionable recommendations to inform the design and implementation of NFES 2026-2030.
II.
Development of NFES 2026-2030;
- Develop a forward-looking National
Financial Education Strategy aligned with national strategies, development priorities,
and international good practices. Identify emerging opportunities, risks, and constraints
affecting financial education/literacy in Ethiopia.
-Define clear strategic objectives.
priority actions, targets, governance arrangements, implementation plan, financing
considerations, and a robust monitoring and evaluation frameworks.
The consultancy
service should primarily focus on developing the National Financial Education Strategy-Il
(NFES, 2026-2023) with its implementation framework. Likewise, reviewing the existing
NFES (2021-2025) implementation including, assessing implementation status against
its objective and target, overarching implementation challenges, and identifying
stock taking financial education programs of providers will be part of the assignment.
The assignment is expected to be completed within five (5) months' time.
Interested
consultants of this assignment are subject to the IFAD's Anti-Money Laundering and
Countering Terrorist Financing Policy, as well as the Revised IFAD Policy on Preventing
Fraud and Corruption in its Activities and Operations. The latter contains IFAD's
restrictions on prohibited practices. In addition, as detailed in its Policy on
Preventing and Responding to Sexual Harassment, Sexual Exploitation, and Abuse,
IFAD strives to ensure a safe working environment free of harassment, including
sexual harassment, and free of sexual exploitation and abuse (SEA) in its activities
and operations.
Interested
consultants shall not have any actual. potential or reasonably perceived conflict
of interest. Consultants with an actual, potential or reasonably perceived conflict
of interest shall be disqualified unless otherwise explicitly approved by the Fund.
Consultants are considered to have a conflict of interest if they
a) Have
a relationship that provides them with undue or undisclosed information about or
influence over the selection process and the execution of the contract, or
b) Have
a business or family relationship with a member of the client's board of directors
or its personnel, the Fund or its personnel, or any other individual that was, has
been or might reasonably be directly or indirectly involved in any part of (i) the
preparation of the REOI, (ii) the selection process for this procurement, or (iii)
execution of the contract. Consultants have an ongoing obligation to disclose any
situation of actual, potential or reasonably perceived conflict of interest during
preparation of the EOI, the selection process or the contract execution. Failure
to properly disclose any of situations may lead to appropriate actions, including
the disqualification of the consultant, the termination of the contract and any
other as appropriate under the IFAD Policy on Preventing Fraud and Corruption in
its Projects and Operations.
The consultant
will be selected in accordance with the procedures set out in IFAD procurement handbook
and National procurement directive. The followings are Details of EOI evaluation
criteria.
|
Criterion
|
Weight
|
|
Technical understanding of the assignment: consultants'
technical proposal that covers the background and objective, approach/methodology,
data collection and analysis tools, detailed work plan with timeline, proposed
team composition of the assignment. relevant attachments (ie., CV, copy(ies) of
academic and required certificates and relevant educational credentials, copy
of valid professional or business license (renewed), copy of tax clearance, statement
of health, list of three references with their detail address).
|
38
|
|
Professional Experience:- Minimum of 10 years of experience
in Financial education strategy development & implementation plan, and related
strategy development preferably in the Financial sector or financial inclusion
in the region. A full portfolio of previous work, including certificate of completions
of two recent sample-works.
|
32
|
|
Educational Background: Master's degree or higher in Economics,
Finance, Development Studies, or a related business field.
|
20
|
|
Communication Skill:- Strong analytical and report-writing
skills, with excellent proficiency in English. Knowledge of the Amharic language
will be considered an advantage.
|
10
|
|
Total
|
100
|
Consultants
may associate with other firms to enhance their qualifications but should indicate
clearly whether the association is in the form of a joint venture and/or a sub-consultancy.
In the case of a joint venture, all the partners in the joint venture shall be jointly
and severally liable for the entire contract, if selected.
Documents
Required from Applicants
a) Certified
copy of valid registered VAT (for national bidders only) or Certificate of Incorporation/Registration
with relevant government authorities in their respective countries, in English or
a certified English translated document.
b) Certified
copy of valid Tax Identification Number (TIN); or equivalent tax related registration,
in their respective countries
c) Renewed
trade license for fiscal year or equivalent in their respective countries:
d) Valid
Tax clearance certificate or equivalent in their respective countries
e) Past
work experience related documents and supporting documents like contract copies,
completion certificates, Client testimony etc.
f) Details
of their organizational structure, including details of experts available
relevant to the assignment.
The final
selection of the organization to conduct the study shall be based on a Quality-
and Cost-Based Selection (QCBS) method through Request for Proposals. On all pages
of the EOI proposal document, the organization's stamp should be sealed near the
authorized signatory, and all pages should be numbered, dated, signed, and stamped.
The application must be signed by an authorized individual. Additional sheets that
the applicant must attach should be numbered and submitted as a package with a signed
letter. The applicant may provide any additional information he or she believes
is necessary to demonstrate his or her ability to perform the proposed consultancy
service. Interested consultant may obtain further information/clarification from
NBE Head Office by March 13, 2026. Procurement Service Management
Directorate,
5th floor. Tel. 251-11 517-5165/251-11 517-5162/251-11 517-5167. The EOI and all
documentations shall be submitted in English. One original and one copy. Expressions
of interest (EOIs) shall be submitted at the National Bank of Ethiopia on March
17, 2026
Attn:
Filmon Rezene, Director, Procurement Service Management Directorate. Postal address
5550, Sudan Avenue Street, Addis Ababa, Ethiopia
Tel:
251-11 517-5165/ 251-11 517-5162/ 251-11 517-5167
Fax:
Fax: +251-11 551 0230
E-mail:
psmd@nbe.gov.et
The applicants
shall submit EOIs as per the below format. The applicants can obtain these
forms from NBE website.
NBE reserves
the right to accept or reject a part/all the entire bid.
National Bank of Ethiopia