Contract signed between CBvS and Inclusive Resource Management Ltd.(Pvt) Consultancy

The Islamic Development Bank has awarded the Centrale Bank van Suriname (CBvS) to conduct the project “Technical Assistance for the Central Bank of Suriname for the improvement in regulatory environment for Islamic Banking and Finance”.

The technical assistance that will be provided to the CBvS will contribute in the maintenance of the required professional skills, expertise and technical resources that are needed to train and guide designated employees in the supervision of financial institutes that are based on Islamic Banking and Finance in Suriname.

The procurement procedures that were used to select the consultant were based on the standard request for proposals by the Islamic Development Bank. At the start of the recruitment process, thirteen local and international consultants applied and were invited, to indicate their interest in providing these services. Hereafter six consultants were selected on the bases of the minimum requirements. At the end four consultants received the request to submit a technical and financial proposal. In these proposals they had to present their, expertise, strategy and work plan to conduct this task. These were carefully assessed by the examination committee of the CBvS which led to the selection of the consultant “Inclusive Resource Management (Pvt.) Ltd.”.

The contract signing took place on Friday October 2, 2020 and the kick start meeting was on Monday October 5, 2020. Having done this, we now look forward to working together to achieve the expected objectives for not only the CBvS Bank but also Suriname.

Paramaribo, October 8th 2020

CENTRALE BANK VAN SURINAME