Independent Verification Agent (IVA)

REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – FIRMS SELECTION)

Country: Kosovo

Project: Kosovo Financial Sector Development (KFSD)

Project ID: P507881

Loan No.: 76840-XK and 76850-XK

Assignment Title: Independent Verification Agent

Reference No. (as per Procurement Plan): XK-MOF-575633-CS-CQS

Date: 06.10.2026

1. BACKGROUND

The World Bank, through the International Development Association, has extended a credit of EUR 49.3 million (USD 52 million) to the Government of Kosovo, under a financing agreement for the Kosovo Financial Sector Development Project. The main objective of the Project is to strengthen financial stability and promote financial inclusion in Kosovo by enhancing the capacity of the Deposit Insurance Fund, supporting access to finance for underserved firms, and catalyzing faster payment systems.

The Project is structured as an Investment Project Financing incorporating elements of results-based financing through Performance-Based Conditions as well as Financial Intermediary Financing. Accordingly, the Project is organized into several components and subcomponents which reflect different implementation areas.

2. OBJECTIVE OF THE ASSIGNMENT

The objective of this assignment is to engage a qualified consulting firm to conduct the independent verification of the achievement of PBCs 1-7 as defined under the Project. The disbursement of the funds for the project is contingent upon the successful fulfillment of PBCs associated with each component and subcomponent for the project. In this context, the Borrower, represented by the MF, must submit satisfactory evidence to the World Bank in the form of a Verification Report.

3. SELECTION METHOD

The consulting firm will be selected using the Consultant’s Qualifications Selection (CQS) method in accordance with the World Bank Procurement Regulations for IPF Borrowers. The firm with the best qualifications and relevant experience will be invited to submit combined technical and financial...