Credit Bureau Development Expert-Expertise de France Retour vers les opportunités

Background

Considering the Libyan context and current economic needs, establishing the E-nable project is essential to support Libyan institutions and the private sector in economic governance and digital transformation. The project utilizes the expertise acquired by Expertise France in Libya over the past several years while building on the World Bank’s analyses and OECD studies to brace the transition towards digitalization and support the foundation for a dynamic, diversified economy and a competitive private sector.

The European Union funds this three-year project to the tune of €5M and entrusts Expertise France with its implementation. E-nable aims to complement, support, and deepen the work carried out by the ongoing EU4PSL and RAQAM-E projects. The overall objective of the action is to improve the capacities of key economic institutions for sustainable, diversified, and digital economic recovery to institutionalize the private sector’s economic growth with the support of both private and public sector organizations.

 E-nable consists of three main components which are closely linked in terms of the objectives and activities they seek to achieve, they mainly focus on: strengthening the capacities of the Ministry of Economy and Trade and related stakeholders in designing public policies for economic diversification (C1), contributing to leveraging digital innovations for inclusive and sustainable development in Libya (C2), and encouraging financial institutions to extend credit to the private sector and provide financial tools and solutions to SMEs (C3).

Description of the Assignment

Background of the specific mission

The implementation of component three (C3) is done in close collaboration with the Central Bank of Libya (CBL) and it will aim at achieving the following:

• Develop the credit infrastructure by strengthening the capacities of the Libyan Credit Information Centre and improving its services 
• Create a conducive regulatory environment for fintech development in order to enhance financial access to digital financial services in Libya 
• Create a conducive regulatory environment for the development of the leasing market in Libya and strengthen the capacities of a leasing company 
• Improve banks’ potential activity in the financial sector as well as their overall performance, leading to the supply of financial products/services to MSMEs
• Support the reactivation of the Libyan Credit Guarantee Fund

Main Tasks

The expert will be in charge of supporting the Libyan Credit Information Centre (LCIC), which is the Libyan credit bureau, to efficiently collect and distribute data from and to financial institutions. The expert is expected to bring his in-depth knowledge and expertise in achieving the following:

• Investigate possible approaches for effective and consistent identification (e.g., CBL identifier or another unique number from a commercial register etc) for legal entities.
• Investigate data availability from Libyan banks and propose a structural description of these data (e.g., data fields their types of values) in order to facilitate the on-time and correct exchange of data, taking into account the real operating environment of the Libyan banking system.
• Conduct a regulatory analysis of the existing legal framework governing LCIC and recommend changes, 
• Assess current data collection methods and propose changes, if needed
• Assess the workflow at LCIC and suggest changes to the operations processes of LCIC, and support internal policies development
• Lead workshops and interviews with the project’s stakeholders.

Deliverables and Reporting

• Process for data collection for LCIC
• Draft decree to act as a legal framework for LCIC
• A workflow chart for LCIC operations
• Possibility of designing certain internal policies 
• Short narrative reports after workshops, meetings and interviews

Expert Profile

• Master’s degree in business administration, Economics, Finance, or a related field
• Five years of experience in a credit bureau context
• Preferred previous experience in setting up a credit bureau 
• Ability to research and evaluate data to make informed decisions and solve problems
• Fluent in English, and Arabic would be a plus
• Excellent communication skills
• Knowledge of Libya and its economy 

Location and Duration

Duration: up to 85 days 

Period: 15/04/2022-31/12/2023

Location: Home country with frequent trips to Tunisia and Libya.

Time Sheet: at the end of each month, the expert will present a timesheet, which will be signed by the project director. 

The timesheet should indicate a brief description of activities performed during the month.

Language 

The working language of the program and the language used in all reports and communications between the consultant and the team shall be English. 

Assigned Key Expert: Lisjana Hila

Date: 28/03/2022