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 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. The Ministry of Finance (MOF) intents to establish Macroeconomic Forecasting and Policy Analysis System (FPAS) to improve short and medium-term projection tools and policy documents such as the State Budget and MTFF statement.

Therefore, the MOF is seeking to hire national consultant to develop macro and micro econometric models to undertake evaluations of policy impacts.

SCOPE OF THE ASSIGNMENT
The main objective of this assignment is to strengthen the MOFs capacity to improve economic forecasting and policy analysis system and evaluate policy impacts on macroeconomy through developing macro and micro econometric models.
Following assignments will be conducted by the national consultant, but not limited to:

1. Collecting data for technical preparation of the model;
2. Developing short term forecasting instruments;
3. Developing medium term forecasting tool (core model);
4. Determining duties for macroeconomic projection team;
5. Drafting rules to introduce forecasting and policy analysis system into MOF;
6. Training staffs of MOF to apply these forecasting tools;
7. Writing policy recommendations on macroeconomic policies, including fiscal policy and monetary policy and enhancing macroeconomic stability;
8. Effectively coordinating his/her work with other consultants working on other tasks in the component;
9. Undertaking such other tasks as reasonably requested and/or assigned by the Director General of Economic Policy Department (EPD) and the Director of the Macroeconomic Policy Division (MEPD).

SHORTLISTING CRITERIA/CONSULTANT’S QUALIFICATIONS:
 Education: A suitable candidate should have at least master’s degree in relevant field of economics.
 Experience: Incumbent should have at least 5 years relevant experience including strong economic analysis and public policy making;
 Language skills: Academic written and spoken skills in English and Mongolian;
 Other skills:
a. Ethical approaches to research and practice;
b. Strong analytical and research capabilities and problem-solving skills;
c. Demonstrated ability to use relevant methods and instruments to conduct economic analysis;
d. Ability to interact effectively with officials and staff of MOF;
e. Research skill including the retrieval of information from a variety of sources;
f. Time management skill;
g. Skilled in working effectively with computer software (EVIEWs, Mathlab, STATA and MS Excel) for the analysis of data;

CONTRACT DURATION:
The assignment is expected to commence on September, 2018. The duration of the assignment is for 12 months. 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:
    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 10:00, September 13, 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.Bayarmaa, Procurement Specialist, Strengthening Fiscal and Financial Stability Project
Room #204, Negdsen undestnii 8/2, 4th khoroo, Chingeltei District, Ulaanbaatar, Mongolia; Tel: 70120582

70120582