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Call for proposal

17 December 2020

Consultant to Conduct a Diagnostic Study on the Banking and Insurance Industries in Ethiopia

Closing date

20.01.2021 12:00 pm

In collaboration with the National Bank of Ethiopia (NBE), we wish to engage a consulting firm to support the development of the NBE’s Monetary Policy and Financial Sector Development Roadmap (MPFSDR 2030). The MPFSDR, once approved, will be a guiding document for the development of Ethiopia’s financial sector and its economy.

The Services will involve inter alia primary analysis on the banking and insurance industries in Ethiopia, a gap analysis comparing the state of financial sector development in Ethiopia against appropriate international comparator economies, the identification of policy, regulatory and other reforms needed to close the gap, and sequencing of those reforms.

The objective of the diagnostic study on the banking and insurance industries is to conduct an assessment of the current landscape of the banking and insurance industries in Ethiopia with a view to identifying major bottlenecks to the development of a competitive, inclusive, and stable banking and insurance sectors. The study is expected to compare the Ethiopian banking and insurance industries against other country benchmarks (successful and reasonably comparable cases) with the objective of identifying gaps in policies and performance as well as drawing reform lessons. The assessments will serve as a background study and inform the banking and insurance sectors reform roadmaps for the next ten years.

For more information and details on the scope and deliverables, please download the full terms of reference document.

Proposals, which should not exceed 10 pages (excluding annexures), should be sent by email to by 12:00 noon EAT on 20 January 2020.

Questions or comments in respect of the terms of reference should be directed by email to on or before 12 noon (EAT) 8 January 2021 and feedback will be provided by 5 pm (EAT) 12 January 2021.

The assignment will run from February 2021 to April 2021.