eC2: Designing Bankable Standard Agreements (Power Purchase Agreement, the Direct Agreement and the Investment Agreement) for Electricity Offtake and Financing in Belarus

Deadline: 31-Oct-2017 at 11:59:59 PM (Eastern Time – Washington D.C.)

bankingObjective: IFC is seeking to hire a legal consulting firm (the Consultant) to provide services for designing Bankable Standard Agreements, namely, electricity offtake agreement, direct agreement and investment agreement templates. The Bankable Standard Agreements (PPA, DA & IA) templates designed by the Consultant should enhance bankability of renewable energy projects while addressing the interests of main stakeholders: government, private companies, commercial banks, IFIs and electricity consumers. IFC is seeking qualified local/international Belarus legal consulting firm with local presence to design Bankable Standard Agreements, based on global best contractual & investment practices and in accordance with project finance principles for RES projects. To provide applicability of designed Bankable Standard Agreements in Belarus, the Consultant must ensure that designed Bankable Standard Agreements are aligned with the Belarusian legislation and their provisions are consistent with each other.

Continue reading

World Bank Group, ITU and CPMI launch ‘Financial Inclusion Global Initiative’

Connection of millions of unbanked people to formal financial systems acceleratedFI-thumbnail

27 July 2017, Geneva – A new global program to advance research in digital finance and accelerate digital financial inclusion in developing countries, the Financial Inclusion Global Initiative, has been launched by the World Bank Group, the International Telecommunication Union (ITU) and the Committee on Payments and Market Infrastructures (CPMI), with support from the Bill & Melinda Gates Foundation.

The three-year program focuses on three different “model” developing countries – China, Egypt and Mexico – and consists of two complementary operational and knowledge work streams.

Continue reading