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Tender description :
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Tender Are Invited For Consulting Services to Develop the Payment System and Services
Regulations for the Eastern Caribbean Currency Union (ECCU)
The Organisation of Eastern Caribbean States (OECS) Commission has received
funding from the World Bank toward the cost of the Caribbean Digital Transformation
Project (CARDTP) and intends to apply part of the proceeds for Consulting Services
to Develop the Payment System and Services Regulations for the Eastern Caribbean
Currency Union (ECCU).
The objective of this assignment is to conduct a comprehensive gap analysis of the
existing legal and regulatory framework governing the payment system in the ECCU;
based on the analysis, recommendations on regulations to be issued under the
principle legislation for the proper administration and operationalisation of the law;
drafting of the said regulations in consultation with the Eastern Caribbean Central Bank
(ECCB) and its stakeholders consistent with the ECCB’s Payment System Strategy,
international best practice and standards, as well as emerging payment instruments
and channels. The assignment is expected to be undertaken for a period of eight (8)
months.
The OECS now invites eligible Individual Consultants (“Consultants”) to indicate their
interest in providing the Services. Interested Consultants should provide information
demonstrating that they have the required qualifications and relevant experience to
perform the Services. The minimum required qualifications and experience are listed
in section 6 of the Terms of Reference (TOR) below. The details of the services required
are available in the TOR which is available on the official website: www.oecs.int
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