| Ministry/Division |
: |
Ministry of Environment and Forests |
| Agency |
: |
Department of Environment |
| Procuring Entity Name |
: |
Project Director Bangladesh Environmental Sustainability and Transformation (BEST) Project |
| Procuring Entity Code |
: |
|
| Procuring Entity District |
: |
Dhaka |
| Expression of Interest for Selection of |
: |
Consulting Firm (International) (Lump-Sump) |
| Title Of Service |
: |
Consultancy for Environment Endowment Fund (Investment Management) |
| EOI Ref. No. |
: |
Component-1 of BEST Project (Package: DoE S-9) & 22.02.0000.099.14.079.26.106 |
| Date |
: |
16/03/2026 |
KEY INFORMATION
|
| Procurement Sub-Method |
: |
Quality and Cost Based Selection(QCBS) |
FUNDING INFORMATION
|
| Budget and Source of Funds |
: |
Development Budget Loan |
| Development Partners |
: |
IDA (World Bank) |
PARTICULAR INFORMATION
|
| Project/Programme Name |
: |
Bangladesh Environmental Sustainability and Transformation (BEST) Project |
| EOI Closing Date and Time |
: |
09/04/2026 03:30 PM
|
| Publication Date |
: |
01/04/2026
|
INFORMATION FOR APPLICANT
|
| Brief Description of Assignment |
: |
Investment Strategy Development and Implementation: Develop and implement a comprehensive investment strategy aligned with the EEFs objectives, guiding principles, and risk management framework.
Portfolio Management: The EEF aims to invest in a balanced portfolio of risk-free and risky opportunities, as approved by the investment policy of the EEF. Manage the portfolio of investments by ensuring a balance between risk and return.
Diversification: The overall asset allocation strategy focuses on diversification to manage concentration risks. Investments are made in various asset classes such as fixed deposits, marketable securities, MDB bond, mutual funds, and stocks.
Asset Allocation: Determine the optimal allocation of the Capital Fund across different asset classes, considering factors such as risk, return, and market conditions.
Environmentally Beneficial Investments: The guiding principles of investment include prioritizing environmentally beneficial opportunities. This ensures that the investments not only provide financial returns but also contribute positively to environmental conservation.
Professional Management: The EEF may invest a portion of the fund through professional investment management firms. Due diligence is conducted on these firms to ensure they meet certain criteria, including having a track record of success and alignment with the fund's objectives.
Monitoring, Rebalancing, and Reporting: The portfolio is monitored and rebalanced regularly to ensure it remains aligned with the fund's objectives and market conditions. This helps in maximizing earning opportunities and managing risks effectively. Periodically monitor the performance of the investment portfolio and provide comprehensive reports to the Investment Committee (IC) and Fund Supervisory Committee (FSC).
Long-term Growth and Sustainability: A minimum of 25% annual earnings is reinvested or recapitalized to ensure the growth of the Capital Fund. The remaining 75% of earnings are used to finance research and innovation activities related to environmental conservation.
Clear Goals and Minimizing Costs: The investment strategy sets clear goals and aims to minimize costs. This includes setting specific financial and non-financial objectives for fund utilization, such as supporting research and innovation projects that contribute to environmental conservation.
Governance and Accountability: The EEF is governed by a multi-tiered structure that ensures transparency, accountability, and effective management. This includes the Fund Supervisory Committee (FSC), Fund Management Secretariat (FMS), Investment Committee (IC), and Technical Evaluation Committee (TEC).
Risk Management: Implement a robust risk management framework, including risk identification, measurement, mitigation, and reporting, to minimize potential losses.
Compliance: Ensure compliance with all applicable laws, regulations, and guidelines, including those of the Bangladesh Securities and Exchange Commission (BSEC) and Bangladesh Bank.
Transparency and Accountability: Maintain transparency and accountability in all investment activities, providing clear and concise documentation of all transactions. |
| Experience, Resources and Delivery Capacity Required |
: |
QUALIFICATIONS OF THE FIRM AND SELECTION CRITERIA:
The Consultants should propose a team of experts that contains a skill mix relevant and sufficient to deliver the required consultancy services. The team should, include the following key experts. The consultant may propose additional expertise as required as non-key experts in addition to the Key Experts mentioned in the ToR. However, the qualifications of non-key experts will not be considered in the evaluation of the proposals. Only the CVs of key experts listed in the ToR will be considered for evaluation during RFP stage. All key members of the team shall be proficient in speaking and writing in English.
Consulting firms Required Experience, Resources & Delivery Capacity:
Experience: General Experience of the consulting firm/(s) should have at least 08 (eight) years with at least five years of experience in public or private sector fund/investment management as an asset management company and/or Non-Banking Financial Institute.
Active Funds: The firm/ any partner of the consortium of firms must have at least one active fund under management currently. Experience in managing funds aligned with climate change mitigation/adaptation, sustainability, or environmental considerations will be highly preferred.
Licensing: Holds an appropriate license as an asset management company/Non-Banking Financial Institute (NBFI) issued by a national regulatory or appropriate government authority, such as BSEC, or Bangladesh Bank. Exposure in financing climate change mitigation/adaptation, or Environmental Sustainability projects will be preferred. The firm/s must submit the updated Trade license, VAT & IT certificates along with the proposal.
Financial Transparency: The company has disclosed and published its financial statements/annual reports regularly over the five years. The firm/ lead partner of the consortium of firms must Audited Financial Reports of the proposers for the last five years.
Fiduciary Interest: The company or any director or official of the company has no fiduciary interest or relationship with the DoE, the IC, the FSC, or any member of the three bodies.
Financial Misconduct: No member of the company or the company's board is found guilty of or has a pending complaint about engaging in financial misconduct.
Expertise: A company having management or ownership that includes nationally/internationally renowned and experienced investment professionals or companies will get a preference. The firm/s must ensure the availability of appropriate skills/experts among staff demonstrated capacity to handle such assignments in terms of resources.
Procurement Process: The selection of the Investment Management Firm will follow the WB procurement guidelines, either through a competitive method or a single-source basis with proper justification if the IC and/or FSC can find a competent firm.
Fee Structure: The fee structure for the Investment Management Firm/(s) will be fixed following cost and quality methods through open bidding or negotiation as per acceptable guidelines. Alternatively, the fee against the services of the Investment Management Firm/(s) may be paid also from the earnings/incomes generated from investing of the Endowment Fund. |
| Other Details (if applicable) |
: |
IMPLEMENTATION ARRANGEMENT
The Consultants will work closely with the Project Director, FSC, and IC, and coordinate their work with other relevant units of DoE, local administration and relevant Ministries and agencies. The Consultant will establish their main office close to the Project Directors office at a convenient location to implement the work efficiently.
After the inception stage the Consultants shall prepare a detailed schedule and task-flow diagram, which depicts the interrelationship of various tasks in the assignment, which lead to the completion works, and mechanism of coordination with the client and other related entities. This would be kept and updated throughout the Project duration.
The Consultants Team Leader will be the principal contact and will be expected to be readily available during project implementation.
DURATION OF CONTRACT AND FORM OF CONTRACT
The total duration of the contract will be 24 months (for the first phase as piloting) after signing the consultancy contract and up to satisfaction of the Client. Assignment will be lump sum type of contract.
Other Requirements: The Consulting firm/s having experience of working must submit relevant completion or experience certificate. JV is acceptable. In case of JV, mention the name of the lead firm, and share the legal JV agreement. Work experience of similar nature with Development Partners or Donner Fund is preferable.
The investment firm should have the following experience/skills: (i) Extensive experience in managing large-scale investments; (ii) Strong analytical and financial modeling skills; (iii) Proven track record of delivering high returns on investments; (iv) Ability to identify and mitigate financial risks; and (v) Excellent understanding of global financial markets. The attention of interested Consultants is drawn to Section III, paragraphs, 3.14, 3.16, and 3.17 of the World Bank’s “Procurement Regulations for IPF Borrowers” July 2016, revised November 2020 (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest.
Consultants may associate with other firms to enhance their qualifications but should indicate clearly whether the association is in the form of a joint venture and/or a sub-consultancy. In the case of a joint venture, all the partners in the joint venture shall be jointly and severally liable for the entire contract, if selected.
The Consultant will be selected in accordance with the QCBS (Quality and Cost Based Selection) method described in the Procurement Regulations and to be specifically set out in the Request for Proposals.
Further information can be obtained at the address below during office hours |
| Association with foreign firms is |
: |
Encouraged |
| Eoi Detail Information |
|---|
| Ref No |
Phasing Of Services |
Location |
Start Date |
Completion Date |
| 22.02.0000.099.14.079.26.106 |
NA |
Dhaka |
October, 2026 |
June/2028 |
|
PROCURING ENTITY DETAILS
|
| Name of Official Inviting EOI |
: |
AKM Rafiqul Islam |
| Designation of Official Inviting EOI |
: |
Project Director |
| Address of Official Inviting EOI |
: |
Bangladesh Environmental Sustainability and Transformation (BEST) Project
Paribesh Bhaban (11th floor)
|
| Contact details of Official Inviting EOI |
: |
Phone : 01711446249, Fax : , Email : pdbestwb@gmail.com |
| The procuring entity reserves the right to accept or reject all tenders |
