Founded by a General Assembly resolution in 1966, the UN Capital Development Fund (UNCDF) makes public and private finance work for the poor in the world’s 46 least developed countries. With its capital mandate and instruments, UNCDF offers financial solutions that try to mobilize public and private resources, both internationally and domestically, to reduce poverty and support local economic development.
UNCDF’s expertise is in three primary areas of work: (1) development and financing of inclusive digital economies through a market development approach, largely driven by digital finance and innovation; (2) local development finance through fiscal decentralization (including local climate adaptation finance), municipal finance and structured project finance, to drive market transformation in local economic development; and (3) investment finance, to drive capital accumulation and market transformation in financially underserved areas, including investment sourcing, due diligence, de-risking, deployment of loans and guarantees, and crowding in of investment capital from domestic and international investors. Women’s and youth’s economic empowerment is specifically articulated across all UNCDF work in terms of objectives, approaches, theory of change, targets, and indicators.
UNCDF uses a combination of grant, reimbursable grant, loans, guarantees and technical assistance to support early-stage businesses, SMEs, projects, microfinance institutions and municipal investments. Up till today UNCDF’s use of loans and guarantees has been growing and there is now an even higher ambition to make better and wider use of these financial instruments. UNCDF has also seen a strong increase in demand for its loan and guarantee services from other UN agencies, not least UNDP. In response to the need to deploy different kind of risk tolerant capital, a blended finance impact fund was launched by Bamboo Capital Partners, the BUILD Fund, as the result of a joint initiative between UNCDF and this private asset manager. The BUILD Fund will be complemented by the sidecar BUILD Enterprise Resource Technical Assistance Facility (the “BUILDER TA Facility” or “BUILDER TAF” or “BUILDER”). Together, BUILD and BUILDER will constitute the first investment initiative to integrate the lessons learned from UNCDF’s past experiences to create a new, innovative approach for investments into SMEs in LDCs.
UNCDF accomplishes its catalytic investment activities through the LDC Investment Platform (LDC IP). The LDC IP provides the technical know-how to expand the deployment of capital instruments to a growing pipeline of companies and projects in the “last mile” in LDCs. The platform has a team of investment professionals with significant transactional expertise in LDCs and impact investing backgrounds. The LDC Investment Platform (LDCIP) team supports UNCDF’s two operational divisions (Inclusive Digital Economies and Local Development Finance) as well as agencies from the wider UN system on issues related to investment finance and innovative SDG financing.
Overall, the aim of the LDC IP is to support an ecosystem that (a) demonstrates to domestic and international investors that LDC markets can and do generate returns, provide opportunities for successful investment, and merit the attention of a wider range of investors; (b) uses those demonstration effects to support policy and regulatory improvements and scale up of what works by other actors; and (c) helps a number of companies advance to the next level of growth where more commercial funding will replace the concessional funding.
Early-stage SMEs, financial service providers and projects in the LDCs often lack access to sound systems, procedures, resources (including human capital) and best practices (not to mention funding) that would allow them to graduate to improved operations, governance and therefore increased levels of sustainability and impact. Technical assistance support will enable these prospects or investees to positively and substantially transform their operations and human capital over time and reach sustainable growth and impact in the communities that they serve.
LDCIP is looking to build a cohesive and well-knit team of TA Consultants, with prior substantive work-experience and strong technical expertise in providing TA to business entities involved in the following target sectors:
• Food Security & Nutrition (SDG 1 and SDG 2): this area focuses on investments into the agricultural sector. It targets small and medium scale agricultural farms as well as agricultural businesses along entire agricultural value chains that will be financed directly or indirectly. Prospective investees include eco-friendly cooperatives, commercial farms, aggregators, agribusiness software providers, processing companies or other eco-friendly focused businesses which on-lend to the agricultural sector, to fund for instance smallholders.
• Green Economy, climate finance & Renewable Energy (SDG 1 and SDG 7): this area focuses on investments to mitigate the effects of climate change and to drive clean energy access to “last-mile” communities. Prospective investees include solar and hydro off-grid or mini-grid renewable energy investments, as well as industrial scale renewable energy and selected on-grid installations.
• Blue Economy (SDG 14): this area focuses on investments in sustainable solutions within fisheries, tourism/eco-tourism, agriculture, aquaculture and coral farming, infrastructure, waste and pollution management, ocean and coastal ecosystem restoration and protection, etc.
• Financial Inclusion and Innovation (SDG 1 and SDG 9): this area focuses on investments that ensure that a range of financial products are available to all segments of society, at a reasonable cost, and on a sustainable basis. Prospective investees include financial services providers and fintechs, such as payment aggregators, money transfer companies offering a variety financial products and services through digital delivery channels (such as mobile phone networks)
• Local Infrastructure (SDG 1 and SDG 11): Focuses on investments for the financing of catalytic infrastructure (including, but not limited to, transport, communications, marketplaces) with high local economic development impact.
Three lines of business development services will be offered to the target TA recipients:
• Pre-investment TA support or Investment Readiness advisory support. This line of business includes for example the preparation of a prospective investee for due diligence; rebuilding financial statements; updating accounting and financial tools and procedures; the registration and valuation of assets; the preparation of strategic/business plans; financial modeling of historical and future business performance; understanding foreign currency exchange risks and defining currency hedging strategies; understanding the mechanics of debt and other financial obligations; assessing market and sector dynamics and prepare alignment of the entity with the same in order for future growth; compliance with the local and – if relevant – the international regulatory environment; assessing the current state and establishing targets regarding ESG criteria; etc. Investment Readiness support should be aligned with the investment strategy.
• Post-Investment TA support or Core Business Areas advisory support. This line of business includes the design and implementation of Standard Operating Procedures; implementation of adequate processes and controls for operational and financial management; adopting digital systems and processes to improve cash, inventory and receivables management; design and execution of strategic personnel and governance strategy; design and execution of customer segmentation strategies; developing effective sales and marketing strategies; etc. Post-investment support should be aligned with the investment strategy.
• Impact and ESG support: Impact and Environmental, Social and Governance (ESG) will be cross cutting TA areas. The intent is to equip the TA recipients with basic knowledge and tools on how to set and operationalize their ESG, Sustainable Development Goals (SDGs) through a strategy to ensure compliance with the reporting requirements of the investment vehicles). This could entail training and webinars to Board and management, designing ESG and/or impact measurement frameworks, support in measuring and monitoring selected impact indicators, etc. in a way to improve business models (e.g., decide to outreach more youth and women, adopt a gender-lens approach in product development, etc.), better articulate their impact narrative and communicate the achieved impact internally and externally to key stakeholders, etc.
In order to respond to the various needs of the target TA recipients, UNCDF will be looking at individual experts demonstrating different skills and experience relevant to the above-mentioned sectors, such as:
– MSME finance, project finance, digital financial services, inclusive finance, impact finance, sustainable development,
– Blue economy finance, climate finance, etc.
– Strategic planning, business planning, market studies, feasibility studies, etc.
– Governance/Board training and risk management,
– ESG and impact management; impact assessment; norms, best practices and standards related to each priority sector; monitoring and evaluation,
– Financial controlling and management, portfolio management, credit and risk management, financial analysis, audit (internal/external), internal controls, accounting, etc.
– Manufacturing, production and operations (procurement, logistic, transport management, value chain management, business process optimization/engineering, standard operating procedures design, etc.),
– Human resource management, soft skills training, technical skills training (design and delivery), andragogy, coaching, mentoring, project management, etc.
– Knowledge management products,
– Marketing, communication, distribution, alternative distribution channels, etc.
– Client relationship management,
– MIS and ICT management etc.
– Legal and compliance
Some investment opportunities will be sourced from the wider UN system and those agencies may need more elaborated support in identifying TA needs and performance of TA due diligence. Some TA opportunities may be related to investments that would need to be referred to the BUILD fund. In such cases, the TA Consultant will prepare the TA transaction in accordance with the BUILDER TAF operating guidelines.
UNCDF shall enter into a non-exclusive long-term agreement (LTA) with the selected TA Consultant(s) and shall provide terms of reference including scope of work, specific deliverables and time frames for each TA project, as and when required.
Prospective individuals are requested to take note of the following:
• This solicitation is for a Long-Term Agreement (LTA) for one year and renewable up to three years linked to satisfactory performance of the individual consultant. “LTA” refers to a mutual arrangement whereby the Consultant will provide services as required, over a specific period of time.
• An LTA is a mutual arrangement between UNCDF and an individual to provide the required services at an agreed fixed price applicable whenever provision of services is called-off at any time over an initial period of 12 months, with potential extension of up to 2 more years, depending on various factors such as funding availability, continued project need, and performance.
• Under an LTA, UNCDF does not warrant that any quantity of services shall be called-off during the term of this Agreement. Where a request for services arises, UNCDF shall directly contract the Consultant based on its need to carry out those activities.
A specific Term of Reference (TOR) outlining the outputs for each assignment shall be provided, which shall be aligned within the framework TOR under the LTA, and an Individual Contract would be issued to the Consultant, detailing the time frame for the call-off, but adhering to the fixed pricing agreed on the framework LTA.
Duties and Responsibilities
3.1.Scope of Services
Under the supervision of the LDC IP TA Facility Manager, and in close collaboration with other UNCDF and LDCIP colleagues mainly in-country, the TA Consultant will specifically:
The call-off for the services shall be formalized by virtue of an email request from the TA Facility Manager of the LDC Investment Platform (or any UNCDF staff acting on behalf of the TA Facility Manager). Any other originator of the call-off emails shall not be considered official and cannot be used as a basis for invoicing for services rendered, except the emails transmitted by the TA Facility Manager of the LDCIP Team (or any UNCDF staff acting on behalf of the TA Facility Manager).
The call-off email shall indicate the scope of works, the estimated level of efforts (number of man-days) and any important requirement to implement the services. The work that will be indicated in any call-off e-mail MUST fall within the broad scope of services listed above.
In response to the call-off, the interested TA Consultants are expected to submit a proposal which should be valid for 120 days.
3.2.TA Project Deliverables and Milestones
For each TA project, the TA Facility Manager will release a specific TOR detailing the background, the objectives of the services, the scope of works, the specific deliverables and reporting requirements, the duration, the expected outcomes, the qualifications, and expertise of the TA Consultant, etc.
The table below is given as an example of the standard framework of the key activities, deliverables and estimated timeline that will be detailed further in each TOR.
The TA Consultant shall be required to submit invoices listing the completed milestones/deliverables and work rendered during the given period as per contracted project. Payments shall only be released upon submission of ALL of the following documents accumulated over the duration of the assignment:
3.4. Duty Station and Travel
3.5. Monitoring and Quality Control
The TA Consultant will work under the direct supervision of the LDCIP TA Facility Manager and in close collaboration with the in-country UNCDF teams
4.1 Corporate Competencies
4.2 Functional Competencies
Required Skills and Experience
5. Required Skills and Experience.
Further, the interested applicants should be able to demonstrate:
6. Candidate Evaluation Methodology
6.1 Preliminary Screening
Applications will be screened and only candidates meeting the following two criteria will progress to the pool for shortlisting:
6.2 Shortlisting by Desk Review
UNCDF will conduct a desk review to produce a shortlist of candidates by evaluating the following criteria using the corresponding points and grading scale (100 points):
The candidates who score the highest in the desk review and also meet the minimum threshold (70 points) will be invited for a Skype interview. The shortlisted candidates will be further evaluated against the following criteria: Relevant technical assistance experience; Area of knowledge; Understanding of the TOR; Teamwork and project management skills.
6.4. Financial Proposals
The shortlisted candidates will be rated on both technical and financial submissions, providing a weight of 70% to the technical offer and 30% to the financial offer.
6.5. Final Evaluation
The Final evaluation will combine the scores of desk review, interview and financial proposal with the following weights assigned to each:
6.6. Contract Award
The candidates obtaining highest qualifying score in the final evaluation will be offered to enter into a Long-Term Agreement with UNCDF.
7. Application Procedures.
All applications must contain the following information in one Word or PDF document (as the system only allows to upload maximum one document) combining the following:
2. Financial proposal: The financial proposal must indicate daily professional fee in USD which shall be the benchmark fee for the call offs during the LTA implementation. It shall be noted that Under the call offs, payment shall be deliverable-based. Please complete and submit the Letter of Confirmation of Interest and Availability and Financial Proposal available in this link: http://procurement- notices.undp.org/view_file.cfm?doc_id=29916. Please do not upload your financial proposal online, please send it separately to the email address email@example.com with the subject line:102948 – Experts for a Roster of Technical Assistance (TA) Consultants within LDCIP – Long-Term Agreement (LTA).
3. Detailed Personal CV
Consultancy fees will be paid upon satisfactory completion of each assignment/milestone
Individual Consultants are responsible for ensuring they have vaccinations/inoculations when traveling 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 If the consultant is over 65 years old, UNCDF reserves the right to require full medical certification and clearance from the consultant’s physician prior to commencing the travel.
|Country:||-- Home Based|
|City, State:||Home Based|
|Closing date:||November 30, 2021|