The Asian Development Bank (ADB) is preparing the Tajikistan Financial Sector and Fiscal Management Improvement Program. The program concept was approved in December 2019 and aims to support the Government of Tajikistan with reforms to create a more stable financial system, enhance access to financial services, and improve fiscal management to accelerate sustainable private sector growth.
The program will (i) enhance banking sector stability, (ii) improve the enabling environment for the financial sector, and (iii) strengthen public financial management. The program will support the government’s reform agenda in the national development strategy up to 2030, and includes two subprograms to be implemented during 2020–2021.
Output 1: Individuals deposit insurance fund strengthened.
Output 2: Macroprudential supervision improved.
Output 3: Financial sector strategy developed. T
Output 4: Government securities market strengthened.
Output 5: Financial sector legal and regulatory framework reviewed and revised.
Output 6: Public expenditure management improved.
Major responsibilities of the Banking Specialist include, although are not limited to, the following activities:
(i) Review the current banking supervision guidelines of NBT and recommended revisions to the guidelines drawing on international best practice;
(ii) Support the NBT Financial Stability Department to improve i) the institutional framework,
(iii) macroprudential surveillance and analysis, and
(iv) macroprudential policy tools;
(v) Support NBT to implement macroprudential supervision recommendations from a previous ADB TA; including data governance and diversify data sources, stress testing framework, and capital adequacy assessments;
(vi) Prepare and implement a reporting format/template for commercial bank reporting on loans to SOEs;
(vii) Conduct at least three training sessions for relevant NBT staff.
All international experts will have
- At least 7 years of experience of working in their field of expertise in several countries (experience in the Central Asia region will be an advantage) including experience working with government agencies
- Relevant educational background
- Deep understanding of issues and proven strong background pertaining to their area of expertise.
The consultants will have strong analytical and leadership expertise in identifying strategic policy options and recommending reforms. They must also demonstrate strong writing skills in English, as evidenced by publications of relevant reports and/or articles. They must have a strong client focus, and have excellent communication, team coordination and applied training skills.