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International Individual Consultancy Services to Establish a Basket Fund for the Informal Sector Development and Resilience
|Location :||Antananarivo, MADAGASCAR|
|Application Deadline :||17-Aug-21 (Midnight New York, USA)|
|Additional Category :||Climate & Disaster Resilience|
|Type of Contract :||Individual Contract|
|Post Level :||International Consultant|
|Languages Required :||English French|
|Starting Date :|
(date when the selected candidate is expected to start)
|Duration of Initial Contract :||45 days|
UNDP is committed to achieving workforce diversity in terms of gender, nationality and culture. Individuals from minority groups, indigenous groups and persons with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence.
UNDP does not tolerate sexual exploitation and abuse, any kind of harassment, including sexual harassment, and discrimination. All selected candidates will, therefore, undergo rigorous reference and background checks.
Madagascar has been placed under the state of health emergency since the detection of the first case of coronavirus in the country on March 20, 2020. The Decree N°2020-359 of March 21, 2020 established the state of emergency and took restrictive measures on the movement of people and goods. To contain the propagation of Covid-19, a partial lockdown has been enacted implying the shutdown of all economic and public service activities except for health and related services, public security, justice, water and electricity supply. The economic costs of those measures are high for a country where the poverty rate is at 71.4% and more than 8 out of 10 people work in the informal sector whose daily subsistence depends on their daily earnings.
The informal sector suffered the most detrimental economic consequences of Covid-19 pandemic disease: downturn of income, job loss, uncertainty, etc. Referring to the survey conducted by the National Statistics Institute INSTAT (June, 2020), four sectors are severely hit by the crisis; these are catering and accommodation (61%), transportation (38%), processing and manufacturing (13.8%), and trade (12.8%). Individual entrepreneurs and very small SMEs/SMIs are vulnerable to the crisis and not able to withstand the closure of their business.
UNDP Madagascar has developed a specific program aimed at supporting informal sector economic recovery through their repositioning in the ecologically sound exploitation of the natural wealth for the development of green and blue innovative businesses.
In the Output 1 “A basket fund is set up to pool resources from technical and financial partners, private sectors, IFIs and DFIs aiming to support informal sector”, in which sits the activity 1.1 “Creation of the basket fund (Basket fund Prodoc, governance of the fund, selecting Board member, working plan, SOPs, partnership strategy)”, the creation of a Basket Fund is envisaged.
The objective of the basket fund is to be a one-stop-shop to contribute in the funding of working capital and seed-funding, existing “Innovation labs” and green and blue economy business start-ups. The basket fund will work towards a scale-up phase while generating financial resources through an endowment and moving towards financial sustainability and will be able to finance itself its coordination mechanism after the project.
Therefore, the project will recruit an International Consultant in Public Fund Establishment to set up the institutional, legal, strategic and operational framework of the Fund.
Duties and Responsibilities
1. Overall objective of the mission
The main mandate of the international expert is to support the design and structuration of the basket funds and determine the fund’s financial mechanisms and governance.
2. Scope of Work
Required Skills and Experience
How to apply
Technical Criteria weight 70%?
Offers shloud be sent via :email@example.com