Assessing the Legal and Regulatory Context of Digital Financial Services in BGR, POL, and ROU

  • ASSIGNMENT LOCATION: Republic of Bulgaria, Republic of Poland, Romania
  • ISSUE DATE AND TIME: Feb 07,2023 05:00
  • CLOSING DATE AND TIME: Feb 21,2023 04:59

The International Finance Corporation seeks to recruit a firm to conduct an assessment of the legal framework governing digital financial services in Bulgaria, Poland and Romania.The goal is to strengthen the capacity of policymakers, regulators, and supervisors seeking to advance financial consumer protection, particularly for low-income clients, by promoting sound, effective and proportionate regulation and supervision of financial service providers. The goal of the assignment is to assess the state of the digital financial services regulation in the country, identify potential gaps that may prevent implementation of innovative products and services, and possible deviations from the global best practices. The assessment shall be included in a assessment report that provides a 360-degree view on the current DFS regulatory landscape.Results of the assessment will highlight the priority areas for further improvement and regulatory reforms in the selected countries and prioritize the IFC activities in this domain. The assessment report will also be used as a reference by IFC staff and experts to plan next steps in implementing IFC projects in the region.

The WBG reserves the right to publicly disclose contract award information, including but not limited to, name of company receiving the award, brief description of services, and contract award amount, for any contract award valued over US$250,000. Offeror's proposal and contractual documents will remain confidential and therefore not subject to disclosure.

The World Bank reserves the right to reject any or all responses without recourse.