REQUEST FOR EXPRESSION OF INTEREST.
Mongolia has received a credit from the International Development Association (IDA) for the Strengthening Fiscal and Financial Stability Project (“SFFSP”). The Objective of the SFFSP is to contribute to the Government of Mongolia’s efforts to strengthen fiscal and financial stability and improve the quality of expenditure. The project is designed into five components: (I) Strengthening Macroeconomic and Fiscal Management; (II) Improving the Efficiency of Public Financial Management; (III) Enhancing Financial Sector Stability; (IV) Strengthening the Social Protection System; (V) Project Management and Monitoring. The objectives are to: Strengthening fiscal responsibility and implementing relevant policy measures, improving fiscal discipline, strengthening the resiliency of the banking system, improving public expenditure quality in social protection, providing support for Project implementation, coordination, monitoring and evaluation, including, inter alia, audit arrangements, reporting requirements, procurement and financial management activities respectively. For more details, please refer to the Project Appraisal Document Report No. PAD2269 .
Because the Mongolian economy is unstable and largely dependent on the external environment, it is necessary to coordinate fiscal, monetary and macroeconomic policies efficiently, and to take appropriate policy measures in order to ensure sustainable economic growth. Any change in the price of mineral products brings positive and negative consequences to the Mongolian economy. The price increases accelerate economic growth in the short term which negatively affects the export of non-mining sectors by tightening the national currency of Mongolia /Tugriks/.
In the instable macroeconomic environment caused by mining cycle, it is important to undertake macro-economic forecasting by variety macroeconomic models widely used in resource-rich countries for improving quality of projections, making fiscal, monetary and exchange rate policies.
In modern days the international banks, financial institutions and central banks as an economic institutions are applying DSGE model to their macroeconomic policy formulation. It is necessary to adapt and improve DSGE model to Mongolian economic circumstances for the purposes of forecasting the main macroeconomic indicators and analyzing macroeconomic policy.Thus, the MOF is seeking to hire national consultant to develop DSGE model, which meet the needs of MOF and evaluate macroeconomic policies consistency.

SCOPE OF THE ASSIGNMENT
The main objective of this assignment is to strengthen the MOFs capacity to monitor and analyze economic developments and its ability to independently develop and maintain a comprehensive macroeconomic models and framework as an important tool for establishing realistic annual revenue targets and for guiding the MOF’s economic policies, as well as to strengthen coordination between agencies involved in macroeconomic management.
Following assignments will be conducted by the national consultant, but not limited to:

- Extend currently developed DSGE model in MOF with features of resource-rich country;
- Establish data set;
- Calibrate (or estimate) the parameters used in the model;
- Evaluate consistency of fiscal policy and monetary policy and make policy recommendations on fiscal regime and monetary policies for enhancing macroeconomic stability;
- Effectively coordinate his/her work with other consultants working on other tasks in the component;
- Undertake such other tasks as reasonably requested and/or assigned by the director general of Economic Policy Department (EPD) of the MOF.

SHORTLISTING CRITERIA/CONSULTANT’S QUALIFICATIONS:
Education:  A suitable candidate should have at least bachelor’s degree in relevant field of economics. Master's degree  is preferred.
Experience:  Incumbent should have at least one year relevant experience including strong macroeconomic modelling and data management. Working as a macroeconomist would be an advantage;
Language skills: Good written and spoken skills in English and fluent written and spoken skills in Mongolian;
Other skills:
a.Ability to synthesize ideas, theories and data in developing solutions to economics problems;
b.Ethical approaches to research and practice;
c.Research skill including the retrieval of information from a variety of sources;
d.Problem solving through the application of appropriate economic theories, principles, and the econometric analysis of data;
e.Time management skill;
f.Skilled in working effectively with computer software (Matlab, STATA, Eviews and MS Excel) for the analysis of data;
g.Excellent interpersonal skills with the ability to function effectively and collaboratively in a team environment;
h.Strong communication and negotiation skills.

CONTRACT DURATION:
The assignment is expected to commence on August, 2018. The duration of the assignment is for 12 months. If consultant’s performance in accordance with tasks in the TOR is inadequate, the Director General of the EPD shall be entitled to terminate the contract of the assignment. The consultant will be selected in accordance with the World Bank’s Procurement Regulations for IPF Borrowers (July 2016).

If you possess the above qualifications, please submit following documents in person:
    Cover letter indicating why she/he considers her/himself suitable for the position,
    Detailed CV highlighting relevant skills/experience,
    Copy of diplomas or certificates and,
    2 reference letters from previous last two employers no later than 17:00, October 03, 2018.

The submitted documents will not be returned to the applicants. Please be noted that incomplete applications would not be considered for evaluation. Only selected candidates will be contacted. Candidates can be interviewed. Detailed terms of reference can be requested from procurement@sffs.mn Contact address: Attn: Ms.L. Bayarmaa, Procurement Specialist, Strengthening Fiscal and Financial Stability Project
Room #204, Negdsen undestnii 8/2, 4th khoroo, Chingeltei District, Ulaanbaatar, Mongolia; Tel: 70120582

70120582