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					                                       SUMMARY OF PROJECT
                                          REF. WP1.10.1-6.010


                         (VALIDATION MEETING DATED 15TH MARCH 2011)




 TITLE               Study on the partial devolving the Investment Facility


 Applicant           ACP Secretariat


 Duration of
                     5 months
 the Project

                     Overall objective:
                     To promote reforms in macroeconomic policy, improve legislation, the
                     institutional setup and financial measures (the rules of the game) relating
                     to the enabling environment of the private sector in ACP countries and/or
                     regions.
 Objectives of       Specific objectives
 the action          The project aims a facilitating reflection and access to information by
                     stakeholders on pertinent themes, relating to the enabling environment
                     and linkages with key macro, meso and micro issues. More specifically,
                     the project aims at assessing the feasibility and the cost-benefits of
                     partially devolving the management of the Investment Facility upon
                     regional organizations.

 Target              Regional banks, Regional Economic Communities (RECs), financial
 group(s)            intermediaries, ACP Secretariat, investment funds

                     -   Key expert 1: Team Leader (50 working days)
 Expertise
                     -   Key expert 2: Financial Expert (45 working days)
 Required
                     -   Key expert 3: Event coordinator (15 working days)
 Expected results
                      A technical study undertaken that presents a detailed mapping of
                       available instruments and needs for project finance by ACP region
                       and sub-region;
                      A technical study undertaken on costs and sustainability of central
                       management by the EIB of the Investment Facility and an
                       exploration of alternative management methods;
                      A workshop held, leading to concrete and detailed recommendations
                       about possible devolvement of management of the Investment
                       Facility upon regional organizations.
                      Summary of proceedings of workshop prepared, including
                       conclusions and recommendations, and possibility of a roadmap
                       prepared for taking forward the discussion on devolving the
                       management of the Investment Facility.




ACP Business Climate Facility (BizClim)                                        Manual of Procedures
10 ACP RPR 015                                                                Summary of Project
                                                                                           Page | 1
 Main activities
                         1. Draft an Inception Report within one (1) month of
                            commencement on the basis of a coordination meeting to take
                            place with the ACP Secretariat and present it for approval. The
                            report shall be brief and include, but not be limited to:
                            observations made by the ACP Secretariat and/or the Consultant
                            during their review of existing documentation and meetings; a
                            statement of any change proposed to the methodology adopted,
                            compared with that given in the proposal, including reasons for
                            any such changes and an estimate of the effects this will have on
                            the work programme, and eventual changes to indicators and
                            milestones, if any; the overall situation of the assignment; an
                            updated implementation plan and staff assignment chart including
                            details of outputs and indicators, activities and time schedule;
                            practical   arrangements     in    connection    with     logistics
                            (accommodation, transport etc.); revisions (if any) of the timing
                            of submission of progress reports, and other scheduled
                            submissions.
                         2. Based upon the existing documentation and possible interviews of
                            key stakeholders, prepare a first mapping of the available
                            financing instruments and needs for project finance of ACP region
                            and sub-regions.
                         3. Prepare a conference in Brussels (contents): the consultant
                            will draft the concept paper, the agenda of the meeting, identify
                            speakers (moderators), produce background notes and identify
                            relevant stakeholders.
                         4. Prepare a conference in Brussels (logistics): the conference
                            will have a 1-day duration and will gather around 70 participants
                            representing regional banks, Regional Economic Communities
                            (RECs), financial intermediaries, the ACP Secretariat, investment
                            funds, the EIB and relevant services of the European Commission.
                            The conference is likely to take place around 20 th May 2011. Its
                            objective is to discuss the shortfalls of the current functioning
                            modalities of the Investment Facility and explore ways to correct
                            them. Detailed requirement for the organisation of the conference
                            are provided in sub-sequent sections.
                         5. Attend the conference in Brussels
                         6. Within 1 month following the event, the experts will draft the
                            summary of proceedings in English. The translation and
                            dissemination of the summary of proceedings will be ensured by
                            the team of experts in charge of logistics.
                         7. Finalise the technical study that presents a detailed mapping of
                            available instruments and needs for project finance by ACP region
                            and sub-region
                         8. Undertake a technical study on costs and sustainability of
                            central management by the EIB of the Investment Facility and
                            an exploration of alternative management methods. In the course
                            of this assignment, the experts may undertake a mission in Africa,
                            in the Caribbean and to Luxembourg.
                         9. Organise a debriefing meeting at the ACP Secretariat in Brussels
                            to present the results of the two studies. The experts will develop
                            a concise and practical document that will present the main results


ACP Business Climate Facility (BizClim)                                        Manual of Procedures
10 ACP RPR 015                                                                Summary of Project
                                                                                           Page | 2
                             and conclusions of the studies and formulate recommendations on
                             the way forward (road map).
                         10. Once approved by the ACP Secretariat and BizClim PMU, the
                             consultant will translate the concise document into French and
                             publish it in both versions in a brochure or booklet form.



 Indicative
                     199.900 EUR
 Budget




ACP Business Climate Facility (BizClim)                                     Manual of Procedures
10 ACP RPR 015                                                             Summary of Project
                                                                                        Page | 3

				
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