Strategic Plan for the National Payment System (NPS) for CBS

FEDERAL GOVERNMENT OF SOMALIA The Ministry of Finance REQUEST FOR EXPRESSION OF INTEREST (REOI) Country: Federal Government of Somalia (FGS) Name of the Project: Somalia Productive, Resilient and Inclusive Growth Project (SPRING), Assignment Title: Consultancy service to conduct Strategic Plan for National Payment System (NPS) – Somalia Project ID: P501662 Deadline for submission of EOI 8th August 2026 4:00pm Individual/Firm: firm Selection Ref No. SO-MOF-543502-CS-QCBS 1. Background : In May 2025, the Federal Republic of Somalia, through its Ministry of Finance (MoF) launched the Somalia Productive, Resilient, and Inclusive Growth (SPRING) project. The project development objective is to promote private sector-led growth and job creation by improving the business-enabling environment, strengthening the financial system, and enhancing access to finance. The SPRING project is organized around four components (three mutually reinforcing and one supporting): (i) Component 1: Improving the enabling environment for the private sector; (ii) Component 2: Deepening financial sector reforms and strengthening institutional capacity; (iii) Component 3: Enhancing access to finance and resilience for MSMEs; and (iv) Component 4: Project Management. A wide range of activities will be implemented as part of this project to reach its development objective, such as improvements to regulatory/institutional frameworks, the rollout of the digital ID system, financial sector reforms, the creation of a risk-sharing mechanism, and the provision of business development services for micro, small and medium enterprises in select economic sectors, among others. The MoF received US$105 million from the World Bank, including US$10 million from the Somalia Multi-Partner Fund to implement the SPRING project. As part of this initiative Deepening financial sector reforms and strengthening institutional capacity, MoF intends to apply part of the proceeds from the World Bank to finance the...