Expression of Interest: Samoa Finance Sector Resilience and Development Project.
Published 21 Jun 2025
Samoa is an island state that is highly dependent on tourism and agricultural trade, and extremely vulnerable to climate change impacts due to its geographic location, and climate hazards.
Samoa’s financial sector could be significantly exposed to climate-related financial risks. Risks include both immediate climate hazards and gradual climate change effects (physical risk), mainly due to the impact of tropical cyclones and floods on banks' collateral value, as well as changes related to transitioning to a lower-carbon economy (transition risk). Central Bank of Samoa (CBS), as the financial regulator, recognizes the need to assess and manage climate-related financial risks to safeguard the financial system and support sustainable economic growth, and as such is undertaking the Samoa Finance Sector Resilience and Development Project, with support from the World Bank.
This project aims to bolster the resilience of Samoa's financial sector by enhancing the Central Bank's capability to assess and mitigate climate-related financial risks.
The project is divided into two phases, with this Terms of Reference (ToR) document covering only the first phase.
The second phase will commence upon the completion of the first phase and will involve a separate procurement process.
It is important to note that both phases not only involve the assessment of the related tasks but also the transfer of knowledge through comprehensive capacity building for CBS and other relevant stakeholders.
Further information can be obtained at the address below during 9.00am to 4.00pm, Samoa time, on working days:
Ms. Siavata S. Nofoaiga
Manager
Financial Supervision & Regulatory Services Department
Level 5, Central Bank of Samoa Building
2 Apia City Boulevard
Email: siavata.nofoaiga@cbs.gov.ws
Phone: +685 34132
Expressions of interest must be delivered in a written form to the address below (in person or through electronic submission through the Government e-Portal https://portal.tenderlink.com/mof_samoa/ by Monday, 07 July 2025, 11am Samoa time.