Invitation for Expression of Interest

 

Enhancing the Efficiency and Effectiveness of the IsDB Board of Executive Directors

 

 

Objective: The IsDB would like to conduct an independent study aiming at enhancing the efficiency and effectiveness of the BED. The study should take into consideration IsDB’s governance structure and its underlying constitutional and regulatory instruments, in addition to benchmarking against best practices of similar institutions. The study should offer recommendations and options on, inter alia, achieving optimal size of the BED, strong membership, balanced representation, maximum impact of deliberations, solid decision-making, and full alignment with IsDB’s mission, strategies and objectives. More specifically, the study should focus on achieving the following:

 

i) Drawing insights from the practices and experiences of other MDBs:

• • Assessing the current structure and functions of the BED’s standing committees and identifying gaps and challenges affecting their efficiency and effectiveness.
  • Proposing specific enhancements to the mode of operation of the standing committees to improve their efficiency and effectiveness.
  • Reviewing existing tools used to measure the performance of the standing committees and proposing new metrics and making recommendations thereon.
  • Proposing recommendations aimed at enhancing the modus-operandi and the efficiency of the work of the BED’s standing committees.
  • Assessing the level of communication and collaboration between the BED and its standing committees and proposing improvements.

 

​​​​​​​ii) Enhancing support to the Executive Directors in carrying out their mandates:

• • Assessing the adequacy of the support provided for the BED and its standing committees and proposing enhancements.
  • Assessing the efficiency of the tools and technology currently used by the BED and its standing committees and proposing enhancements or new ones, including artificial intelligence.

 

​​​​​​​iii) Recommendation regarding Optimal BED Size:

• • Assessing the current structure of the BED, rules of appointment, election procedures, and composition of geographical groups.
  • Proposing criteria and/or options for future size adjustment of the BED.

 

1.         The Islamic Development Bank (IsDB) has approved an administrative budget for financing consulting services (the Services) for the above project. The Terms of Reference (TOR) of the Services is in Appendix A. The Services will be provided by consulting firm. IsDB will select and engage the Consultant in accordance with the IsDB Corporate Procurement Policy (Policy).

 

2.         IsDB now invites Expression of Interest (EOI) from potential individual applicants for consideration by IsDB in determining a shortlist of candidates to be invited to submit proposals. Depending on the number of the EOIs received and the qualifications of the applicants, IsDB may or may not short list all potentials who have submitted EOIs.

 

3.         Applicants who wish to submit an EOI should complete the EOI Form in Appendix B and submit it through IsDB’s online IEOI facility or by email, fax or courier to the following authorized representative of IsDB:

 

The completed EOI Form (Annex 1) must be submitted by no later than 8th March 2025 15:00 KSA standard time.

• Submissions should be sent to EOI Submission - Enhancing the Efficiency and Effectiveness of the IsDB Board of Executive Directors 0d3c6f9f.isdb.org@emea.teams.ms  in  PDF, Word file.
• For further details or clarification, please contact CSP - Enhancing the Efficiency and Effectiveness of the IsDB Board of Executive Directors 1204cb5c.isdb.org@emea.teams.ms before the submission deadline.
• All Consultant requested to complete their registration within IsDB Supplier a management system, SAP ARIBA for current and future opportunities : http://isdb.supplier.mn2.ariba.com/ad/selfRegistration/

 

Consultant Selection Panel

Islamic Development Bank

 

Appendix A: Terms of Reference (Attached)

Appendix B:  EOI Form (Attached)