There is broad consensus that the world needs to move from ‘billions to trillions’ of dollars of financing to meet the challenge of promoting inclusive, sustainable growth, reducing poverty and inequality, and protecting the planet. The scale and complexity of today’s sustainable development challenges requires a multi-stakeholder approach that draws on the contributions from all parts of society, including the private sector. A wide range of stakeholders see a critical role for Development Finance Institutions (DFIs) and Multilateral Development Banks (MDBs) in blending public and private finance to scale up financing for development. In adopting the Hamburg Principles in 2017, the G20 welcomed the role of DFIs and MDBs in mobilizing and catalyzing private capital and endorsed a target of increasing mobilization by 25 to 35 percent by 2020. In response, DFIs and MDBs have taken steps to catalyze more private investment.3 More than USD 160 billion in private investment was mobilized by MDBs and DFIs in 2017. Total private investment mobilized by MDBs and DFIs in low- and middle-income countries (LMICs) totaled USD 59 billion in 2017, of which USD 19 billion was direct mobilization from the private sector. USD 26.7 billion, or 45 percent of the total private investment mobilized in LMICs, was directed to infrastructure. DFIs are increasingly impactful vehicle in their unique and important role of directing private investments to, and promoting growth, in developing countries and sectors that are traditionally hard to attract finance to.
UNDP’s Strategic Plan (2018-2021) recognizes both International Financial Institutions and the private sector as a critical development partner for the implementation of sustainable development goals (SDG)-related policies and programs. It commits UNDP to broaden and deepen its responsible engagement with the private sector, working with Governments to mobilize private sector capital for domestic investments in the SDGs and in accordance with national development priorities. UNDP’s private sector strategy underscores the importance of makings markets work for the SDGs. With its role evolving from channeling grant funding to facilitating access to a broad range of financing for countries to achieve their development objectives, UNDP is diversifying its partnership and improving its financing instruments. Hence, it will be key for UNDP to engage with DFIs going forward to identify synergies and new ways of collaborating on financing the SDGs.
In 2018, BERA developed a paper presenting a general overview of DFIs and their contribution to support sustainable development. Informed by findings from an initial landscape mapping focusing on an analytical overview of DFI investments areas, priorities (sectoral and geographic), pipeline and growth potential, the paper outlined the opportunities and implications to collaborate with DFIs.
However, in order for UNDP to develop a more concrete and coherent approach to partnering with DFIs, with clear areas to partner on and modalities of collaboration— and underpinned by UNDP’s new SDG finance offers and private sector strategy— the services of an expert consultant with a deep understanding of DFIs and their business models are needed in order to propose, negotiate, and execute a roadmap of collaboration with priority DFIs, including concrete entry points and clear advice on modalities for collaboration.
Duties and Responsibilities
Duties/Responsibilities and Deliverables
Under the overall direction/guidance of the Directors of the Partnership Group (PG) and Finance Sector Hub (FSH) and direct supervision of the Team Leader, Financial Institutions Team, the consultant will undertake the following tasks:
Expected Outputs and Deliverables (in consultation with DFIs as needed):
Required Skills and Experience
Evaluation of Applicants
Individual consultants will be evaluated based on a cumulative analysis taking into consideration the combination of the applicants’ qualifications and expertise and financial proposal (70%-30%).
The award of the contract should be made to the individual consultant whose offer has been evaluated and determined as: a) responsive/compliant/acceptable, and b) having received the highest score out of a pre-determined set of weighted technical (CV desk reviews and interviews) and financial criteria specific to the solicitation.
Only candidates who will get a minimum of 32 points in desk review (criteria A,B,C) will be invited for interviews. Only the top 3 to 5 candidates who get a minimum of 70% of points in technical evaluation (= 49 points) (including desk review and interview- criteria A to G) will be invited for the last step: financial evaluation.
Technical Criteria – 70% of total evaluation – max. 70 points:
Financial Criteria – 30% of total evaluation – max. 30 points.
The application submission is a two-step process. Failing to comply with the submission process may result in disqualifying the applications.
Step 1: Interested candidates must include the following documents when submitting the applications (Please group all your documents into one (1) single PDF attachment as the system only allows upload of one document):
Step 2: Submission of Financial Proposal – Only shortlisted candidates will be contacted and requested to provide a financial offer.
Individual Consultants are responsible for ensuring they have vaccinations/inoculations when travelling to certain countries, as designated by the UN Medical Director. Consultants are also required to comply with the UN security directives set forth under dss.un.org
General Terms and conditions as well as other related documents can be found under: https://procurement-notices.undp.org/view_file.cfm?doc_id=46870.
Qualified women and members of minorities are encouraged to apply.
Due to large number of applications we receive, we are able to inform only the successful candidates about the outcome or status of the selection process.
|Country:||-- United States|
|City, State:||New York|
|Closing date:||April 15, 2020|