Azerbaijan, Baku, Jan. 25. / Trend N. Ismayilova /
EBRD will provide technical and consulting aid for the development of the Azerbaijani capital market, for which the bank announced a bid on the post of consultant under the joint project together with Baku Stock Exchange (BSE).
BSE approached EBRD with a request to provide technical cooperation to aid the development of the Azerbaijani capital market through the design and implementation of a capital market training program and general advisory services (the "Assignment").
The Assignment has two objectives:
The first objective of the Assignment is to contribute to the strengthening of financial analysis skills of BSE and possibly certain key capital market participants (for instance supervisory authorities, issuers, brokers, financial intermediaries, institutional investors and other capital market participants) to be determined by BSE in consultation with the Consultant (the "Key Capital Market Participants"). This will be achieved by providing staff of BSE and Key Capital Market Participants training held on the BSE premises based on an abbreviated curriculum of Level 1 of the Chartered Financial Analyst ("CFA") program.
The second objective of the Assignment is to provide BSE's senior management with general advice on risk management, strategic planning, trading mechanisms, exchange structure and such other issues as BSE may request. It is expected that the Consultant will dedicate approximately 4 weeks to this objective.
The Consultant shall perform all studies, analyses, investigations and related work as required to attain the objectives, including sustainability of the initiative; the main scope of work will be to:
Develop of a training programme and agenda based on an abbreviated curriculum of Level 1 of the CFA programme;
Develop in English and Azerbaijani relevant course materials, documentation and evaluation literature, including a self-study handbook to enable potential capital markets participants, not able to attend courses in person, to increase their skills;
Train and test staff of BSE and Key Capital Market Participants so as to increase their institutional capacity, level of know-how and expertise in according with the training programme and agenda using the course materials outlined above;
Provide BSE's senior management with general advice on risk management, strategic planning, trading mechanisms, exchange structure and such other issues as BSE may request.
It is envisaged that the assignment will start in March/April 2010 and will last 5-7 months with the possibility of extension, subject to availability of funding and satisfactory performance of the Consultant.
Maximum Budget available for the Assignment hit EUR 214,997,exclusive of VAT
The assignment will be financed 50/50 through the Early Transition Countries Fund and the EBRD Shareholders Special Fund.
Interested firms are hereby invited to submit expressions of interest.
In order to determine the capability and experience of consulting firms seeking to be shortlisted, the information submitted should include the following:
• company profile, organisation and staffing;
• details of experience or similar assignments undertaken in the previous five years, including their locations;
• CVs of staff who could be available to work on the assignment.
Original and 2 copies of the above information, in English, should be submitted to the BSE until 5:00 local time Feb.17 2010