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EBRD hiring Senior Adviser to the Vienna Initiative 2.0 Steering Committee

Regional, 01 February 2018

VI2 governance

The VI2 is governed by a Steering Committee (SC). The EBRD, the EIB, IMF, the World Bank Group, and the European Commission are permanent members of the SC. Home and host authorities serve on the SC on a rotating basis. Currently the Oesterreichische Nationalbank represents the home authorities, while the Croatian National Bank represents the host authorities. As of July 2017 the Chair of the SC is Boris Vujcic, Governor of the Croatian National Bank. Reflecting VI2's increasing focus on non-EU countries, the SC has a dedicated seat for a non-EU country and Dimitar Bogov, the Governor of the National Bank of Macedonia has been representing the SEE region since November 2014. The extended SC also includes private banks from both host and home countries. Currently, representatives of Raiffeisen bank, Unicredit and Eurobank sit on the extended SC. When necessary, other stakeholders are also involved, such as NPL investors, or various Advisers.

Assignment Description

Following discussions among partner IFIs, it was proposed to hire two Advisers to the VI2 Steering Committee, including one part-time senior Adviser. The initial funding for the Advisers will be provided by three IFI members: EBRD, EIB and IFC, but all others may decide to contribute at a later stage. Each of the funding institutions will make available premises and equipment as needed for the senior Adviser to carry out his/her tasks. Administrative procedures to contract the senior Adviser will be administered by the EBRD.

The Bank therefore intends to engage an individual expert (the Consultant) to be the part-time senior Adviser to the SC (approximately 100 working days on annual basis is envisaged) The Consultant will ensure a more active engagement of all SC members with various streams of the VI2 work, further foster synergies amongst various forms of SC members' support to VI2 work, and ensure a more regular flow of information amongst SC members (the Assignment).

The expected outcome of the Assignment is (i) to have the VI2 agenda elevated amongst relevant stakeholders in the region and beyond, (ii) wider public recognition of the VI2 work (iii) heightened buy-in of private sector participants for the VI2 goals.

The selected Consultant is expected to provide the following services:

  • Assisting the Chair of the SC in organising all meetings of the SC and Full Forum, and coordinating full secretarial support for such meetings: agenda setting, organising invitations, providing and distributing briefings, overseeing arrangements of conference calls, taking and distributing minutes, coordinating press releases;

  • Liaising with all SC members and all VI2 participants and contacts to design proposals to the SC for new VI2 work streams, including by attracting new countries and private market participants; Supporting existing work streams by liaising with national authorities and the participating IFIs;

  • Providing regular updates to all SC members on developments and results of the current streams of VI2 work;

  • Elevating the agenda of VI2 work streams across the region, and widely promoting its work and results through website, press releases, reports, conferences, etc.;

  • Engaging with the authorities in relevant countries to ensure wider buy-in for VI2 streams of work; Conducting discussions with banks and other financial market participants in the region to ensure wider buy-in for VI2 streams of work;

  • When requested by the Chair or any of the SC member, providing briefings and advise on current and potential streams of VI2 work, and/or leading new streams of work; Providing briefings for the Chair and all SC members ahead of their ad-hoc meetings within the scope of VI2 agenda;

  • Coordinating flow of data and information between various SC members and other relevant institutions (such as the Bank for International Settlements (BIS) and other public and private entities) to ensure timeliness and quality of VI2 publications, analyses and briefings;

  • Maintaining a network of pro-bono Advisers among regulators and private market participants (including banks, investors, and consultants) that can promote best practices and knowledge sharing of issues relevant for VI2 goals;

  • Maintaining a database with a list of relevant public and private contacts for VI2.

It is envisioned that the Consultant will frequently visit funding institutions, which will provide basic administrative support, including premises and equipment. The IFIs have agreed that procurement of the Consultant will be made according to EBRD's Procurement Policies and Rules, with EIB and IFC participating as evaluators to select the Consultant.

Cost Estimate for the Assignment

EUR 100,000.00 (exclusive of VAT), including Fees and travel and administrative expenses, whereby Fees are estimated to be EUR 75,000.00 (exclusive of VAT). Subject to availability of funding, the performance of the selected Consultant and the specific needs of the Bank, the Assignment may be extended beyond the current scope and/or Duration.

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