Somali Core Economic Institutions and Opportunities Program
The State Bank of Puntland (SBP) intends to procure consultancy services described below under the Somali Core Economic Institutions and Opportunities (SCORE) Program, a World Bank Group Program supported by the Multi-Partner Fund (MPF), a multi-donor trust fund.
The financial services sector in the Puntland State of Somalia remains largely unregulated and unsupervised with informal provision of financial services still the dominant norm. Financial market integrity drawbacks, legal and regulatory limitations and gaps in financial market infrastructure continue to impose transaction costs and constrain contribution of the financial sector to reconstruction efforts.
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