Enabling the Financial Inclusion of Afro-descendants and Indigenous Populations Tender

Procurement Summary

Country : Colombia

Summary : Enabling the Financial Inclusion of Afro-descendants and Indigenous Populations

Deadline : 22 Apr 2024

Other Information

Notice Type : Tender

TOT Ref.No.: 99791794

Document Ref. No. : 0002007988

Competition : ICB

Financier : International Finance Corporation (IFC)

Purchaser Ownership : Public

Tender Value : Refer Document

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Tender Details

Expression of Interest are invited for Enabling the Financial Inclusion of Afro-descendants and Indigenous Populations in Colombia.

Publication Date: 4/8/2024 12:00 AM EDT

EOI Deadline: 4/22/2024 11:59 PM EDT

Description: International Finance Corporation (“IFC”), the private sector arm of the World Bank Group, promotes sustainable private sector growth and is the largest multilateral provider of financing for private enterprise in emerging markets. IFC invests in private sector institutions, mobilizes private capital in local and international financial markets, and provides technical advisory and risk mitigation services to businesses. IFC invests in private sector projects that are financially and economically viable and have a substantial development impact.

The FIG Advisory Upstream Services team is looking to hire a firm (or a consortium of firms) to conduct an in-depth market assessment of the challenges and barriers for the financial inclusion of Afro-descendants and indigenous populations in Colombia. The study should identify opportunities for financial institutions (“FI”) to provide them access to financial and non-financial products and services (such as training, technical assistance, and management tools for the development of people's capacities). IFC seeks to engage a consulting firm that will apply market research methodologies on the field. While the bulk of the survey run and market research is expected to be carried out by the consulting firm, the survey design, analysis of the results, and highlights will be an iterative process among the firm and IFC.

IFC-s Financial Institutions Group (“FIG”) engages with financial entities through its advisory, upstream, and investment services, which are delivered internationally through IFC-s global network. In Latin America and the Caribbean (“LAC”), FIG provides those services to financial institutions in a wide range of sub-sectors including micro, small and medium enterprise (“MSME”) finance; vulnerable markets inclusion; climate finance; banking on women; digital innovation; and risk management. Through the delivery of those services, FIG has three main objectives: (i) financial inclusion; (ii) servicing the real economy; and (iii) mobilizing third-party resources.

Documents

 Tender Notice