Number: (IUL)101-PPC/1/2022/309
Published Date: 15 Dec 2022
Published Time: 16:30
Deadline: 04 Jan 2023 16:00
Ministry of Economic Development




Maldives: Maldives: Enhancing Employability and Resilience of Youth (P163818)

Loan No./Credit No./ Grant No.: IDA-D4800

Assignment Title: Internal Auditor

Reference No: MV-MOED-328373-CS-CQS


The Government of Maldives has received financing from the World Bank toward the cost of the Maldives: Enhancing Employability and Resilience of Youth (P163818) and intends to apply part of the proceeds for the following consulting services.

The consulting services (“the Services”) includes to carryout internal audit with International Standards for the Professional Practice of Internal Auditing issued by IIA and will include such tests and controls as the auditor considers necessary under the circumstances to ensure the transparency accountability of the financial management system

The detailed Terms of Reference (TOR) for the assignment can be found at the following website: or can be obtained at the address given below.

The Ministry of Economic Development (MoED) now invites eligible consulting firms (“Consultants”) to indicate their interest in providing the Services. Interested consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services. The shortlisting criteria are: (i) The Firm must have minimum of Three (3) Years of experience working in the field of Internal Audit with at least one assignment for a Donor Funded Project. (Provide documentary evidence of such assignments and experience), (ii) Must be a Firm (Audit Firm) Registered in the Maldives (Provide copy of the Certificate of Registration) (iii) The Firm must have a valid “Practicing Certificate” issued by the Institute of Chartered Accountants of the Maldives. (Provide copy of the Certificate). (iv) The Firm must consist of Chartered Accountants with Minimum Qualification and Experience as stated in TOR (Key Experts will not be evaluated at the shortlisting stage).

The attention of interested firm are drawn to Section III, paragraphs, 3.14, 3.16, and 3.17 of the, World Bank Procurement Regulations for the IPF Borrowers-Procurement in Investment Project Financing Goods, Works, Non-Consulting and Consulting Services, July 2016 Revised November 2020. (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. 

A firm will be selected in accordance with the firm’s Qualification based Selection (CQS) method set out in the Procurement Regulations.

Further information can be obtained at the address below during office hours [08:00hrs to 16:00hrs].

Expressions of interest must be delivered in a written form to the address below (in person, or by mail, or by e-mail) by 1600 hours Maldivian time on 4th January 2023.


Ministry of Economic Development

Velaanaage 11th Floor

Ameer Ahmed Magu

Male’ Maldives.

Attn: Mr. Thaasyn Hilmy

Project Director

Tel: +960 3323668

E-mail: [email protected]

Web site:

15 Dec 2022