Bangladesh Bank has mandated the implementation of the Expected Credit Loss (ECL) -based provisioning system under IFRS 9 by 2027; transitioning from the existing rule-based model. The roadmap; issued via BRPD Circular Letter No. 03 dated 23 January 2025; outlines various phases; including data preparation; pre-assessment; training; automation; and pilot implementation. To ensure a smooth transition; IFC’s Country Advisory and Economics (CAE) is working closely with the Bangladesh Bank to provide necessary policy support and technical assistance in designing and implementing an ECL-based provisioning framework. The primary objective of hiring a consortium (international and local firms) is to provide technical guidance to Bangladesh Bank and banks in Bangladesh on implementing ECL-based provisioning in accordance with IFRS 9. The consultants will assist in: - Advising Bangladesh Bank on adopting an ECL-based provisioning model and developing relevant regulatory guidelines.- Identifying implementation challenges and recommending solutions.- Supporting data preparation; risk modeling; and regulatory reporting.- Conducting training and capacity-building programs for Bangladesh Bank officials.- Developing training modules and trainers to train commercia banks.