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International Consultant on Developing Financial Mechanism for the CLEAN Project
|Location :||Homebased, CAMBODIA|
|Application Deadline :||26-Sep-21 (Midnight New York, USA)|
|Additional Category :||Management|
|Type of Contract :||Individual Contract|
|Post Level :||International Consultant|
|Languages Required :||English|
|Starting Date :|
(date when the selected candidate is expected to start)
|Duration of Initial Contract :||34 Workdays from September until end of November 2021|
|Expected Duration of Assignment :||34 Workdays from September until end of November 2021|
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.
UNDP and UNICEF have together been developing a project proposal for the SDG fund titled CLEAN – CLimatE Adaptation and mitigatioN Financial Mechanism. The project proposal has simplified two components, one is to develop a loan facility which can finance investments in piped water and solid waste management, and secondly a pipeline of potential businesses and operators with capacity to access the funds and make the investments. This ToR focuses on developing the blended finance vehicle of the proposal development.
UNICEF and UNDP are collaborating with an ongoing process to support the establishment of the Cambodian Climate Finance Facility (CCFF). This initiative is being developed jointly by the Ministry of Environment, Ministry of Economy and Finance and implemented and managed through the Mekong Strategic Partners (MSP) – a private investment firm. The facility is intended to be capitalized by the Green Climate Fund, GCF and Agence Francaise de Developpement, AFD, of which AFD is the accredited entity submitting the GCF proposal. The CLEAN joint programme will establish a financial window within CCFF focused on the WASH and Waste sector.
In Cambodia the WASH and Waste sectors are largely managed by private entrepreneurs, and partly regulated by national legislation and local decisions. For both sectors national tariff systems are used thereby limiting revenue possibilities. Finance is largely based on user fees, though in practice some basic services (such as waste collection in public spaces and waste management) are financed by a public national fund. Outside the larger cities the services are semi-functional, and coverage is partial. Some areas outside of city centers still lack piped waters and in many secondary cities waste collection only covers up to 20% of households.
Infrastructure investments for WASH and waste management services are needed to ensure quality and continuality of service that meet acceptable standards. However, in most cases it is found that such investments cannot be realized for a variety of reasons that includes; (I) cost of finance, (ii) high project risks and (iii) weak proposals and business modelling. In order to improve the business case for investment the CLEAN joint programme aims to establish a facility that can provide concessional loans including some smaller grants to make investments financially viable.
The CLEAN project aims to use the blended finance to unlock public and private finance so that by 2025 Cambodians living in and around 5 provincial cities have improved water, sanitation, and waste services, provided by climate and gender sensitive piped water, organic waste, and faecal sludge businesses. This will be achieved through: (i) establishing a CLEAN technical assistance facility (TAF) that will work with water, sanitation, & hygiene (WASH) and solid waste management (SWM) businesses on investment pipeline development; infrastructure quality assurance; and enhanced commercial viability; and with cities on developing a WASH and SWM investment and business supportive environment; and (ii) establishing and managing the CLEAN blended financing mechanism that will identify and operationalize optimized blended financing instruments and deals for the project pipeline, unlocking public, and crowding in private commercial capital for WASH/SWM investments, and SDG acceleration.
Duties and Responsibilities
The task is to undertake an assessment of options with the purpose to determine a blended finance model and the financial instruments and mechanisms that complies with UN standards to deliver financing solutions for the CLEAN project.
The consultant shall make an assessment report reviewing the following options
(i) the original proposal meaning establishing a CLEAN window within the forthcoming CCFF based on current situations and realistic timelines, cataloging the strengths and weaknesses.
(ii) assess the options suggested by UNCDF to use existing UNCDF approved instruments and global systems to finance commercially viable high-risk investments and verify the potentials and experiences of UNCDF in deploying funds to close deals using blended finance that unlocks domestic capital
(iii) Explore the UNICEF global fund and verify the potential in deploying funds to close deals using blended finance
(iv) consider using the SDG funds for establishing a grant facility which will help investors leverage loans and investment capital that has legal compliance and technical capacity to effectively and efficiently deliver within the project cycle.
The scope of the work also includes drafting the financial arrangements needed to be established to run the blended finance window under the facility, based on the review of available frameworks and facilities of the involved UN agencies and considering engagement with commercial banks, fund managers etc. The UN agencies will receive ‘grant fund’ from the UN joint SDG fund and facilitate access to the Cambodia Climate Facility to provide private operators of Piped water, Solid Waste Management, and fecal sludge management in Cambodia with concessional loans.
The consultant should explore the options for the most optimal set-up and develop a detailed draft financial layout and arrangements between the UN agencies and Cambodia Climate Finance Facility, explaining the relationship between Fund Manager (The Agricultural and Rural Development Bank, represented by Mekong Strategic Partners), and the UN agencies (UNDP, UNICEF, and potentially UNCDF); taking into account mandates, operational and financial rules and regulations of UNICEF and UNDP; and potentially UNCDF. If another option is chosen, this output will have to be adjusted.
The draft financial framework agreement should include:
The Consultant shall further summarize the findings in a final report, which shall include:
The consultant should develop an appendix to the CLEAN project proposal which shall include (but are not limited to:
Required Skills and Experience
Interested offeror must read the Individual Consultant (IC) Procurement Notice, which can be viewed at https://procurement-notices.undp.org/view_notice.cfm?notice_id=83167 more detail information about term of references, instructions to offeror, and to download the documents to be submitted in the offer through online.
UNDP reserves right to reject any applications that is incomplete.
Please be informed that we don’t accept application submitted via email.
Interested Offerors are required to submit application via UNDP jobsite system as the application screening and evaluation will be done through UNDP jobsite system. Please note that UNDP jobsite system allows only one uploading of application document, so please make sure that you merge all your documents into a single file. Your online applications submission will be acknowledged where an email address has been provided. If you do not receive an email acknowledgement within 24 hours of submission, your application may not have been received. In such cases, please resubmit the application, if necessary. Please combine all your documents into one (1) single PDF document as the system only allows to upload maximum one document.
Interested individual offeror must submit the following documents/information to demonstrate their qualifications:
1. Proposal: Letter of intertest explaining why they are most suitable for the work
2. Financial proposal (Duly accomplished Letter of Confirmation of Interest and Availability using the template provided by UNDP)
3. Personal CV including past experience in similar projects and at least 3 references
Any request for clarification/additional information on this procurement notice shall be communicated in writing to UNDP office or send to email firstname.lastname@example.org and cc email@example.com . While the Procurement Unit would endeavor to provide information expeditiously, only requests receiving at least 5 working days prior to the submission deadline will be entertained. Any delay in providing such information will not be considered as a reason for extending the submission deadline. The UNDP's response (including an explanation of the query but without identifying the source of inquiry) will be posted in Individual Consultant (IC) Procurement Notice page as provided above. Therefore, all prospective Offerors are advised to visit the page regularly to make obtain update related to this Individual Consultant (IC).