Microfinance Expert
TOR:
The international microfinance expert must have extensive knowledge and hands on experience in microfinance development, regulations, and supervision. Familiarity with the legal and regulatory framework for rural and microfinance in Cambodia will be an advantage. The international expert will undertake the following tasks:
I) Focusing on the rural and microfinance subsector, study the financial sector blueprint for 2001-2010, Financial Sector Development Strategy 2006-2015, various reports relating to the 1st and 2nd Financial Sector Program, Program Completion Reports, ADB Independent program evaluation report, 2010 FSAP, and other documents relating to Cambodia’s financial sector.
II) In consultation with relevant stakeholders, evaluate developments in the rural and microfinance subsector in terms of soundness, depth, compliance with ADB’s safeguard policies, compliance with statutory requirements (supervisory regime), competition, human resource capacity, and customer perception and identify gaps that need to be addressed.
III) Prepare a report that will include the background to the rural and microfinance industry and regulatory regime; an evaluation of the impact of the 1st and 2nd financial sector programs onmicrofinance development, regulations and supervision; proposed changes or improvements-these are to be organized into a series of reform activites, including ways to improve outreach of microfinance services; the nationals for the proposed changes; estimated adjustment costs; and ways to expedite those changes. Assist the team leader in securing the Government’s and other related stakeholders’ approval of the report.
iV) IN close coordination with the team leader and the associagted government working group, draft the relevant section of the FSDS 2001-2020. Assit in organizing public workshops to discuss the draft FSDS and incorporate changes where appropriate.
