The OPEC Fund for International Development (the OPEC Fund) is a multilateral development finance institution, founded in 1976. The organization was established with a distinct mandate: to drive development, strengthen communities and empower people. The OPEC Fund’s work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. OPEC Fund’s vision is a world where sustainable development is a reality for all.

The OPEC Fund is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively. The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world.

Further information about the OPEC Fund can be obtained from its web site: https://opecfund.org/ 

Background

As part of its commitment to operational excellence and adherence to international best practices, the OPEC Fund seeks to engage an individual consultant (the “consultant”) to support the review and enhancement of OPEC Fund’s Capital Adequacy Framework for its Ordinary Capital Resources (“OCR”). The Capital Adequacy Framework is a fundamental part of OPEC Fund’s overarching Risk Management Framework as well as a key element of its long-term strategy. 

Scope of services

The Scope of Services – further detailed below - includes: 
A.    Benchmarking with AAA-rated MDBs
B.    Capital Adequacy assessment
C.    Recommendations to OPEC Fund’s Capital Adequacy Framework (including the draft Capital Adequacy Policy)

A. Benchmarking with AAA-rated MDBs

• Detailed benchmarking analysis of the Capital Adequacy Framework of Multilateral Development Banks rated AAA by international credit rating agencies, including:

1. Key components of Capital Adequacy Frameworks
2. Methodologies adopted to measure capital adequacy
3. Limits and risk appetite for capital utilization
4. Reporting standards
5. Capital planning and support to long-term strategy

• Implications of the G20 Independent Panel for Review of Capital Adequacy Framework of Multilateral Development Banks to OPEC Fund

B. Capital Adequacy Assessment

• Assess OPEC Fund’s Ordinary Capital Resources capital adequacy based on existing and projected portfolios considering different scenarios
• The assessment should be done under at least three different capital approaches, including:

1. The Standard & Poor’s Risk Adjusted Capital Framework for Supranational
2. The Basel F-IRB approach from the Basel Committee on Banking Supervision
3. An Economic Capital Model (Credit Metrics or other numerical simulation approaches).

• Any methodology or assumption applied in the process should be documented and adequately disclosed to OPEC Fund

C. Recommendations for Capital Adequacy Framework

• Based on the analysis performed in the previous items, provide detailed recommendations for OPEC Fund’s Capital Adequacy Framework, including:

1. Potential amendments to the Capital Adequacy Policy in the form of a draft Capital Adequacy Policy and board report
2. Changes to reporting standards to various stakeholders
3. Inputs to long term capital planning and balance sheet optimization initiatives

Qualifications and Experience 

• An advanced degree in Finance, Economics or related fields
• Alternatively, a minimum of 10 years of relevant work experience within Multilateral Development Banks (MDBs) or similar financial institutions
• Excellent project management skills, including regular reporting to stakeholders on project status and early identification of critical paths for project delivery
• Experience working in or with international organizations, understanding different cultural dynamics, and aligning global best practices with local requirements
• Demonstrated excellent technical and practical working knowledge in policy development and implementation of Capital Adequacy Frameworks
• Strong record of accomplishment of Developing and Implementing of Capital Adequacy Frameworks in MDBs or other similar international financial institutions
• Project implementation plan and schedule of tasks completion. Provide detailed implementation plan including reference to onsite (if needed) or offsite work

The Proposal, as well as all related correspondence exchanged by the Consultants and OPEC Fund, shall be written in English.

Interested consultants should submit proposals by email only to tenders@opecfund.org no later than March 24, 2026 (Central European Time).

Any questions are to be directed to procurement@opecfund.org. All questions submitted to and answers of OPEC Fund will be shared with contractors that have received the request to submit proposal.

For more information visit the OPEC Fund Procurement website under: https://opecfund.org/procurement/bidding