TA-10803 KGZ: Preparing the Adaptation and Resilience Financing Facility for Eldik Bank - EB-IC2 Banking Expert (E-060141-001)

1. Project objective

Objective and Purpose of the Assignment

The Kyrgyz Republic Adaptation and Resilience Financing Facility (ARFF) is a proposed financial

intermediary facility designed to support the Kyrgyz Republic's transition toward climate-resilient

agriculture, sustainable energy, and water-efficient infrastructure.

The facility, financed on a grant

basis by the Strategic Climate Fund (SCF) under the Pilot Program for Climate Resilience, aims to

address critical financing gaps for climate adaptation in a country warming at twice the global average.

The ARFF will be implemented through Eldik Bank and will aim at micro, small, and medium-sized

enterprises (MSMEs) in the following technology areas:

• Water efficiency: drip irrigation systems, mobile sprinklers, hydroponic systems, and rain/snow

harvesting infrastructure.

• Resilient infrastructure: energy-saving greenhouses (targeting 20%+ emissions reduction), climatesmart storage facilities, and renewable energy installations (solar, wind, bioenergy).

• Sustainable land management: organic inputs (biofertilizers), afforestation, improved cookstoves,

and sustainable agricultural practices.

The objective of this consultancy assignment is to support the comprehensive design, structuring, and

due diligence of ARFF, consistent with Eldik Bank’s Sustainable Finance Program.

This includes

developing the ARFF’s financial architecture, blended-finance structure, capitalization plan,

Scope of Work

The TA consultants will support the design, structuring, and operational readiness of the Adaptation and

Resilience Financing Facility (ARFF) in line with Eldik Bank’s Sustainable Finance Program and ADB

requirements.

The assignments include developing the ARFF’s financial architecture, blended‑finance and

capitalization structure, eligibility criteria, fund‑flow and disbursement arrangements, and defining

the adaptation lending window, including priority sectors, technologies, appraisal criteria, climate

adaptation taxonomy, and Paris Agreement–aligned performance indicators.

The consultants will undertake

comprehensive technical, economic, financial, climate, environmental, social, gender, fiduciary,

integrity, and risk due diligence and prepare cost estimates, financing plans, and implementation

arrangements.

Institutional and operational frameworks, including governance, roles and

responsibilities, monitoring and reporting systems, and results measurement, will be developed, along

with all required project documentation and compliance instruments to support approval,

operationalization, and timely launch of the ensuing investment.

Detailed Tasks and/or Expected Output

1.

Financial due diligence

a.

Conduct comprehensive due diligence on Eldik Bank and the proposed facility structure, including

capital adequacy and capital structure, asset quality (including non-performing loans and provisioning

practices), liquidity position and funding profile, profitability, earnings sustainability, and cost

structure, following ADB technical notes and guidelines.

b.

Undertake stress testing of the proposed on-lending portfolio, including sensitivity to climate,

sectoral, and macroeconomic shocks.

2.

Governance and integrity assessment

a.

Assess governance, integrity, and control frameworks, including ownership structure and

shareholder oversight, board composition, independence, and effectiveness, management accountability and

decision-making processes, internal control systems and compliance functions, internal and external

audit arrangements.

b.

Review compliance with ADB’s integrity and anticorruption requirements and identify any integrity

red flags.

3.

Financial management and fiduciary systems

a.

Evaluate financial management and fiduciary systems, including accounting policies and standards

applied, financial reporting quality and timeliness, treasury operations and cash-flow management,

adequacy and independence of internal audit, scope and quality of external audit following ADB relevant

technical notes and guidelines.

b.

Assess Eldik Bank’s capacity to manage concessional climate finance resources in accordance with

ADB requirements.

4.

Credit appraisal and risk management - review policies and procedures for credit appraisal and risk

management, including loan origination and approval processes, portfolio monitoring and reporting

systems, credit concentration and sector exposure limits, provisioning methodologies and write-off

policies, early-warning systems, and management of problem assets.

5.

Risk identification and mitigation

a.

Identify key financial, fiduciary, and integrity risks associated with the ARFF and its

implementation.

b.

Propose practical risk-mitigation measures, including facility design features, financial

covenants and triggers, governance and reporting requirements, monitoring and supervision arrangements.

c.

Ensure that recommended measures are operationally feasible and proportionate to risk.

Minimum Qualification Requirements

1.

The consultant should have an advanced degree in finance, accounting, economics, business

administration, or a related field.

2.

The consultant should possess at least 10 years of relevant professional experience in financial due

diligence, bank supervision, auditing, or operations with multilateral development banks.

3.

Strong expertise in assessing financial institutions is required, including analysis of capital

adequacy, asset quality, liquidity, and overall financial performance.

4.

The consultant should demonstrate solid experience in governance, internal controls, and integrity or

anticorruption assessments;

as well as proven expertise in fiduciary systems, including financial

management, accounting standards, and audit arrangements.

5.

Experience in risk management, particularly credit risk analysis, portfolio stress testing, and

covenant design, is highly desirable.

6.

Familiarity with ADB or other development bank policies and financial intermediary operations is

strongly preferred.

7.

The consultant should also have excellent analytical, writing, and verbal communication skills in

English;

knowledge of the Russian language would be an advantage.

Minimum General Experience 10

Years

Minimum Specific Experience (relevant to assignment) 10

Years

Regional/Country Experience Required

Desired

Not Required

Deliverables

Details Name Type Estimated Submission Date

Eldik Bank Financial, Governance, and Credit Due Diligence Report Report 30-Nov-2026

Stress Test Report and Risk Assessment / Mitigation Plan (RAMP) Others 31-Dec-2026

Financial Management Assessment (FMA) Report — in ADB format Report 28-Feb-2027

Loan Covenants and Supervision Framework Package Others 31-Mar-2027

Schedule and Places of Assignment (chronological and inclusive of travel)

Schedule Type Continuous

Intermittent

Max.

Working Days/Week Home Office 5

Field 6

City and Country Working Days Estimated Start Date Estimated End Date Other Details (use if place selected is Others)

Home Office, Other Search and Select: Place

57 12-Oct-2026 18-Dec-2026

Bishkek, Kyrgyzstan Search and Select: Place

10 19-Dec-2026 15-Jan-2027

Home Office, Other Search and Select: Place

55 16-Jan-2027 31-Mar-2027

Bishkek, Kyrgyzstan Search and Select: Place

10 01-Apr-2027 15-Apr-2027

Total

132

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All rights reserved.

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