Procurement Plan I. General 1. Project information: Country: Democratic Socialist Republic of Sri Lanka Borrower: Ministry of Finance Project Name: Financial Sector Modernization Project Credit No: 6006-LK Project Implementing Agencies: (a) Central Bank of Sri Lanka; (2) Securities and Exchange Commission; (3) Insurance Board of Sri Lanka 2. Bank’s approval Date of the procurement Plan April 04, 2017 3. Date of General Procurement Notice11 May 2018 4. Period covered by this procurement plan: May 01 2018 to September 30, 2019 II. Goods and Works and non-consulting services. 1. Prior Review Threshold: Procurement Decisions subject to Prior Review by the Bank as stated in Appendix 1 to the Guidelines for Procurement: Expenditure Contract Value Procurement Contracts/Processes Subject Category (Threshold) Method to Prior Review Goods and > US$1,000, 000 ICB All contracts above US$ non- 2,000,000 Consulting < US$1,000,000 NCB None Services < US$50,000 Shopping None 3. Proposed Procedures for CDD Components (as per paragraph. 3.17 of the Guidelines: Not applicable 4. Any Other Special Procurement Arrangements: Not applicable 5. Procurement Packages with Methods and Time Schedule Please refer procurement plan on STEP III. Selection of Consultants 1. Prior Review Threshold: Selection decisions subject to Prior Review by Bank as stated in Appendix 1 to the Guidelines Selection and Employment of Consultants: Consultant > US$300,000 All competitive All contracts over US$ Services methods; advertise 1,000,000 equivalent (firms) internationally < US$500,000 All competitive none methods; advertise locally < US$300,000 CQS Selection of Particular All contracts Types of Consultants - UN Agencies Individual IC (Section V of All contracts over US$300,000 Consultants Consultant Guidelines) equivalent 2. Short list comprising entirely of national consultants: Short list of consultants for services, estimated to cost less than $500,000 equivalent per contract, may comprise entirely of national consultants in accordance with the provisions of paragraph 2.7 of the Consultant Guidelines. 3. Any Other Special Selection Arrangements: Not Applicable PROCUREMENT Sri Lanka : Sri Lanka Financial Sector Modernization Project PLAN General Information Country: Sri Lanka Bank’s Approval Date of the Original Procurement Plan: 2018-06-26 2019-09-14 Revised Plan Date(s): (comma delineated, leave blank if none) Project ID: P159303 GPN Date: 2018-05-11 Project Name: Sri Lanka Financial Sector Modernization Project Loan / Credit No: IDA / 60060 Executing Agency(ies): Sri Lanka Insurance Regulatory Commission WORKS Bid Evaluation Activity Reference No. / Draft Bidding Loan / Credit Market Procurement Prequalification Actual Amount Process Draft Pre-qualification Prequalification Specific Procurement Bidding Documents Proposal Submission / Report and Description Component Review Type Method Document / Signed Contract Contract Completion No. Approach Process (Y/N) (US$) Status Documents Evaluation Report Notice / Invitation as Issued Opening / Minutes Recommendation for Justification Award Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual GOODS Bid Evaluation Activity Reference No. / Draft Bidding Loan / Credit Market Procurement Prequalification Actual Amount Process Draft Pre-qualification Prequalification Specific Procurement Bidding Documents Proposal Submission / Report and Description Component Review Type Method Document / Signed Contract Contract Completion No. Approach Process (Y/N) (US$) Status Documents Evaluation Report Notice / Invitation as Issued Opening / Minutes Recommendation for Justification Award Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual LK-SLRC-132882-GO-RFP / Procurement of MIS for enhancing risk based Strengthening Regulators’ supervision and overall IT Institutional Capacity, Pending strategy for IRCSL including Upgrading the Legal and Request for Open - Single Stage - Two IDA / 60060 Prior 0.00 Implementati 2022-01-05 2022-01-10 2022-02-21 2022-06-10 2022-12-07 data protection, cyber Regulatory Framework and Proposals International Envelope on security , infrastructure plus Modernizing Financial M solutions for identified IT arket Infrastructure requirements for all divisions and units. ( NON CONSULTING SERVICES Bid Evaluation Activity Reference No. / Draft Bidding Loan / Credit Market Procurement Prequalification Actual Amount Process Draft Pre-qualification Prequalification Specific Procurement Bidding Documents Proposal Submission / Report and Description Component Review Type Method Document / Signed Contract Contract Completion No. Approach Process (Y/N) (US$) Status Documents Evaluation Report Notice / Invitation as Issued Opening / Minutes Recommendation for Justification Award Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual CONSULTING FIRMS Activity Reference No. / Combined Evaluation Loan / Credit Market Contract Type Actual Amount Expression of Interest Short List and Draft Request for Proposals Opening of Technical Evaluation of Description Component Review Type Method Process Status Terms of Reference Report and Draft Signed Contract Contract Completion No. Approach (US$) Notice Request for Proposals as Issued Proposals / Minutes Technical Proposal Negotiated Contract Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Strengthening Regulators’ LK-SLRC-67808-CS-QCBS / Institutional Capacity, Hiring of an IT Expert to Upgrading the Legal and Quality Based Open - Under IDA / 60060 Post 0.00 2019-07-01 2019-07-01 2019-07-31 2019-09-17 2019-10-08 2019-10-16 2019-11-10 2020-05-11 carry out IT assessment Regulatory Framework and Selection International Implementation needed for the project Modernizing Financial M arket Infrastructure Strengthening Regulators’ LK-SLRC-67754-CS-QCBS / Institutional Capacity, Hiring of an Insurance Upgrading the Legal and Quality Based Open - IDA / 60060 Post 0.00 Canceled 2019-02-22 2019-02-22 2019-03-27 2019-05-10 2019-05-31 2019-06-14 2019-07-08 2021-07-07 Expert- initially for two Regulatory Framework and Selection International years full time basis Modernizing Financial M arket Infrastructure Page 1 Strengthening Regulators’ LK-SLRC-67753-CS-QCBS / Institutional Capacity, Hiring of an Actuarial Upgrading the Legal and Quality Based Open - IDA / 60060 Post 0.00 Canceled 2019-02-21 2019-03-18 2019-04-17 2019-06-03 2019-06-24 2019-07-04 2019-07-28 2021-07-27 Expert - initially for two Regulatory Framework and Selection International years full time basis Modernizing Financial M arket Infrastructure LK-SLRC-67755-CS-QCBS / Hiring of an HR Consultant Strengthening Regulators’ - to carry out HR need Institutional Capacity, analysis, planning and Upgrading the Legal and Quality Based Open - IDA / 60060 Post 0.00 Canceled 2019-07-01 2019-07-01 2019-07-31 2019-09-17 2019-10-08 2019-10-16 2019-11-10 2020-05-11 mapping etc. to facilitate Regulatory Framework and Selection International overall HR developments at Modernizing Financial M IRCSL (approx. 6 month arket Infrastructure Consultancy) LK-SLRC-67809-CS-QCBS / Strengthening Regulators’ Hiring of a Consultancy Institutional Capacity, Firm to carry out the full Upgrading the Legal and Quality And Cost- Open - Pending migration to RBS framework IDA / 60060 Prior 0.00 2020-04-20 2020-04-20 2020-05-25 2020-07-10 2020-07-31 2020-08-26 2020-09-26 2022-12-31 Regulatory Framework and Based Selection International Implementation (to enhance supervisory and Modernizing Financial M regulatory framework), arket Infrastructure including the review of RBC INDIVIDUAL CONSULTANTS Activity Reference No. / Invitation to Loan / Credit Market Actual Amount Draft Negotiated Description Component Review Type Method Contract Type Process Status Teams of Reference Identified/Selected Signed Contract Contract Completion No. Approach (US$) Contract Consultant Planned Actual Planned Actual Planned Actual Planned Actual Planned Actual Strengthening Regulators’ LK-SLRC-130382-CS-INDV / Institutional Capacity, Individual Hiring of An Actuarial Upgrading the Legal and Pending IDA / 60060 Prior Consultant Open 0.00 2019-09-18 2019-10-21 2019-10-31 2019-11-24 2021-11-23 Expertise for two years full Regulatory Framework and Implementation Selection time basis Modernizing Financial M arket Infrastructure Strengthening Regulators’ LK-SLRC-132846-CS-INDV / Institutional Capacity, Individual Hiring of Insurance Expert- Upgrading the Legal and Pending IDA / 60060 Prior Consultant Open 0.00 2019-09-18 2019-10-21 2019-10-31 2019-11-24 2021-11-23 For two years full time Regulatory Framework and Implementation Selection basis Modernizing Financial M arket Infrastructure Strengthening Regulators’ Institutional Capacity, LK-SLRC-132873-CS-INDV / Individual Upgrading the Legal and Pending Hiring of a HR Consultant- IDA / 60060 Post Consultant Open 0.00 2019-10-01 2019-11-03 2019-11-13 2019-12-07 2020-06-04 Regulatory Framework and Implementation For Six months full time Selection Modernizing Financial M arket Infrastructure Page 2