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"Development of Country-Specific Roadmaps for Invoice Trading Platforms in the Western Balkans"


  • SOLICITATION NUMBER: 0002017143
  • INSTITUTION:  IBRD/IDA , IFC , MIGA , ICSID
  • ASSIGNMENT LOCATION: N/A
  • ISSUE DATE AND TIME: Jun 26,2025 17:37
  • CLOSING DATE AND TIME: Jul 10,2025 23:59

The assignment will be structured around the following key tasks:Task 1: Baseline Assessment per Country*        Map existing IT infrastructure and relevant platforms:o   E-invoicing systems (where available);o   Tax administration and financial reporting systems;o   Commercial registries and payment data ecosystems.*        Assess:o   Degree of digitalization in B2B invoicing;o   Legal and regulatory status of electronic invoices as financial assets;o   Role of financial institutions in factoring and short-term finance.*        Identify existing invoice trading or supply chain finance platforms (if any) and assess:o   Ownership; usage; scale; and technical architecture;o   Integration capabilities with third-party systems;o   Level of trust and perceived neutrality among users.Task 2: Market and User Needs Assessment*        Conduct stakeholder interviews (banks; factoring companies; chambers of commerce; SMEs; fintechs; regulators) to:o   Gauge demand for invoice trading platforms;o   Identify key design requirements and interoperability concerns;o   Assess capacity for digital onboarding and adoption among SMEs.Task 3: Identification of Key Gaps and Constraints*        Identify:o   Legal barriers to electronic invoice assignment and trading;o   Technical limitations (e.g.; lack of standardized APIs; absence of digital identity infrastructure);o   Trust barriers or conflicting commercial incentives;o   Gaps in data privacy; cybersecurity; and authentication protocols.Task 4: Strategic Options and Cost-Benefit Assessment*        Compare models for platform development:o   National public platform vs. private-regulated marketplace;o   Hybrid models or regional solutions (cross-border or shared back-end);o   One centralized platform per country vs. multi-node interoperable systems.*        Assess the cost-effectiveness and sustainability of each model in light of:o   Country size; transaction volumes; and market depth;o   Existing digital public infrastructure;o   Willingness of banks and alternative financiers to participate.Task 5: Roadmap Development per CountryEach country-specific roadmap (Task 5) should provide a clear; actionable strategy for the development or enhancement of national invoice trading platforms. This includes:-        A recommended implementation model (e.g.; building a new platform; adapting an existing system; or integrating with regional or private solutions);-        Clear institutional arrangements; including proposed ownership; governance structures; and operator responsibilities;-        Legal and regulatory changes required to enable invoice trading; including the treatment of e-invoices as assignable financial assets;-        Detailed technical requirements such as API standards; user interfaces; e-identification systems; interoperability protocols; and audit trails;-        A phased implementation plan with a realistic timeline; resource needs (cost estimates; public-private funding options; donor support); and delineation of roles among key stakeholders;-        Key milestones; risks; and monitoring indicators to track progress and ensure accountability during implementation.

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