Consulting Firm for Conducting Abf Legal Assessment in the Western Balkans Countries Tender

Procurement Summary

Country : Albania

Summary : Consulting Firm for Conducting Abf Legal Assessment in the Western Balkans Countries

Deadline : 03 Mar 2025

Other Information

Notice Type : Tender

TOT Ref.No.: 115361914

Document Ref. No. : 0002014382

Competition : ICB

Financier : World Bank (WB)

Purchaser Ownership : Public

Tender Value : Refer Document

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Tender Details

Themain objective of Asset Based Financing (ABF) in Western Balkans is to enablean increase in liquidity and available financing for MSMEs through theestablishment of innovative ABF solutions, support for the asset-based lendingecosystem, and mitigation of the impact of late payments on business TheProject objectives will be achieved through activities that will be addressingthe gaps related to: legislation/regulations linked to factoring and latepayments; providing a roadmap for technological infrastructure for theintroduction of national invoice trading platforms; MSME knowledge and capacityto leverage ABF.The Projectaims to:· Provide a deep dive regulatory and market analysis ofthe factoring market in the Western Balkans region.· Assess the Late Payments and Trade Credit in WBC.· Draft a model Code of Prompt Payments.· Assess the needs and development of the roadmaps forthe introduction of national invoice trading e-platforms.Eachcountry is at a different level of development of the factoring market andrepresents a market with unique characteristics and variations. For example, inSerbia there is a widespread recognition both by the regulator (Ministry ofFinance) and factoring industry on the need to change the current legislation.1. Draft adeep dive regulatory assessment of the factoring regulatory framework in theWestern Balkans region.Theconsultant will provide a thorough review of the regulatory framework relatedto factoring across the Western Balkans and provide a deep dive regulatoryanalysis of the factoring markets in the Western Balkans countries (Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia). Theassessment will:· Identify regulatory gaps and inefficiencies in the current framework.· Propose legal and policy improvements to facilitate market development.· Assess national laws transposing the EU Late Payment Directive andevaluate compliance with anticipated EU regulatory changes.2. Draft Assessmentof the Late Payments and T...

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