International SDG Financial Instruments Expert-1 position


Location : Home Based with Travel to BiH, BOSNIA AND HERZEGOVINA
Application Deadline :13-Dec-21 (Midnight New York, USA)
Type of Contract :Individual Contract
Post Level :International Consultant
Languages Required :
English  
Expected Duration of Assignment :December 2021- January 2022 (maximum 20 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.


Background

NOTE: Signed Offeror’s Letter to UNDP Confirming Interest and availability - https://www.ba.undp.org/content/dam/bosnia_and_herzegovina/docs/Operations/Jobs/Offerors%20Letter%20to%20UNDP%20Confirming%20Interest%20and%20Availability.docx - Letter to UNDP Confirming Interest and Availability.docx - to be sent to e-mail ba.shared.hr@undp.org with Subject: Job ID 103570.

Bosnia and Herzegovina (BIH) has committed to implement Agenda 2030, which has been domesticated the Framework for Sustainable Development Goals (SDG Framework) adopted by the BIH Council of Ministers as well as by the governments of Brcko District BIH (BD BIH), Federation of Bosnia and Herzegovina (FBIH) and Republika Srpska (RS).
With its ambition of being transformational, Agenda 2030 and the SDG Framework will present significant challenges for governments at all levels in BIH. This concerns the traditional government-centred approach to development and financial planning that will require urgent transformative changes and actions to strengthen SDG financing through more optimised public government funding, more active involvement of private sector and other interested parties in sustainable development investments, including through broadening the traditional financing landscape by introducing new and innovative financing instruments successfully applied throughout the world.
As this will demand significant shifts in the way existing resources are planned, prioritized and used as well as increases in capacities for SDG-based financing, with support of the Joint SDG Fund, the UN agencies in BIH have launched a Joint Programme (JP) to support governments in BIH (state, entity and Brcko District BIH) in creating the architecture for systemic SDG financing.
The JP will include support to instigating a country wide dialogue on informed and targeted investment of public funds and mobilisation of additional financing for sustainable development, particularly from the private sector. More specifically, the JP will support the governments in BIH to: (i) conduct a comprehensive SDG development finance assessment (DFA) through a gender lens across different government levels in BIH for a total and disaggregated perspective in order to get a picture of financial landscape and financial flows, in total and per government levels; (ii) undertake rapid SDG-related gender responsive public expenditure reviews (SDG-PER) to assess current and planned allocations for SDG implementation from government sources at different levels in BIH); (iii) make a rapid estimation of financing needs/costs necessary for implementation of the SDG Framework in BIH until 2030, along with a more detailed costing of implementation in the priority sectors. This will also include a review of financing instruments currently in place that could be optimised or strengthened as well as of new and innovative instruments that could be applicable to the BIH context with minor regulatory adjustments; and, (iv) support inclusive elaboration of an SDG Financing Framework that will provide long term strategic directions to national partners and other stakeholders for integrated sustainable development financing (i.e. integrating funds from different sources such as the public and public sector, donor community and other stakeholders).
The entire process of the SDG Financing Framework in BIH will be led by SDG Financing Working Group, which will be supported by the sub-groups and thematic groups consisted of the inter-governmental SDG Council, representatives of ministries of finance and other relevant institutions from the state, entity and BD BIH level, private sector, and other relevant actors. The preparation process of the SDG Financing Framework in BIH is defined by brief methodological guidelines  (hereinafter: “the Guidelines”) prepared in line with the standardised methodologies for SDG financing recommended by the UN SDG Joint Task Force and adjusted to the socio-political context of BIH.
These ToR relate to the JP support to the SDG Financing Working Group to undertake a rapid review of SDG related financial instruments already applied in BiH and new and innovative one that are applicable for BIH to identify those that are most potent to support accelerated SDG implementation and to enable more proactive role of private sector and other significant investors in the SDG financing in BiH. This will entail the domestic public and private and international public and private domains financing instruments, including those financing instruments that may be integrated across the four DFA quadrants. These will serve as critical inputs into the further preparation of the comprehensive DFA report (to be developed in Phase 1, as envisaged by the Guidelines), which will be defined under separate ToRs.
For this purpose, the one (1) international SDG Financial Instruments Expert will be hired under this ToR. During the preparatory activities for the review of financing instruments, the Expert will closely coordinate with the International and National Development Finance Experts (that are engaged under separate ToR) for conducting the activities in Phase1, as envisaged by the Guidelines).
 


Duties and Responsibilities

Under these ToR, the Expert is expected to undertake a rapid review of financing instruments currently in place in BiH and new and innovative one that could be applicable to the BIH context with minor regulatory adjustments. Based on the review result, the Expert will prepare recommendations reflecting most potent financial instruments to support accelerated SDG implementation and for enabling more proactive role of the private sector and other investors in the SDG financing in BiH.
More specifically, the Expert will be expected to perform the following tasks:
Task 1 – Conduct preparatory activities for a rapid review of financial instruments already applied in BiH and new and innovative ones that are applicable for BIH and prepare brief methodological approach.
Prior to initiating this task, the Expert will undertake several preparatory steps.
Firstly, the Expert will familiarise him/herself with the SDG Framework in BIH and the concept of the SDG streamlining through the development planning and management system in BIH (state, entities, cantons and Brcko District BIH) . Secondly, the Expert will familiarise him/herself with the aforementioned Guidelines for SDG Financing Framework with a focus on the section related to financial instruments. Lastly, as part of preparatory the Expert will familiarise him/herself with the key methodologies for the SDG financing available through the SDG Finance Sector Hub (FSH): https://sdgfinance.undp.org/
Based on these efforts, the Expert will prepare a brief methodological approach (in the form of a PPP) for a rapid review of financial instruments aimed to support accelerated SDG implementation and for enabling more proactive role of the private sector and other investors in the SDG financing. This will entail the domestic public and private and international public and private domains financing instruments, including those financing instruments that may be integrated across the four DFA quadrants. As such, the methodological approach will focus on: (i) identifying existing financial instruments in BIH that could be adjusted to better serve the purpose of financing accelerated sustainable development; (ii) identifying new and innovative financial instruments that are established and/or successfully piloted in up to five EU member states (ideally “new member states”) or other similar to BiH middle income countries from wider region.
The methodological approach will focus on identifying the existing financial instruments in BiH that could be further optimised and strengthened or combined with the new and innovative SDG financing instruments that are applied / piloted in selected EU countries or other middle-income countries from wider region that established/piloted SDG related financial instruments.
The review will be based on publicly available information in selected countries on the SDG related finance instruments offered by domestic public and private sectors (government institutions, agencies and development banks, financial institutions, commercial banks, etc.). The review will also consider information available from domestic and international organisations reports and literature on SDG financial instruments in selected countries. In case of need for specific information, the Expert will organize interviews with key informants from selected countries public and private institutions to collect additional information. For this purpose, the UN JP will provide the Expert with the introduction letter to be further shared with the target institutions in observed countries.
The review results are to be presented in the report (40 page maximum, without annexes). In addition to introductory part, the first report section will present up to 10 existing and most potent  financial instruments in BiH that could be further optimised and strengthened or combined with the new and innovative SDG financing instruments that were successfully applied in other observed countries. The second report section will present up to 15 most potent new and/or innovative financial instruments successfully applied / piloted in observed target countries, which are applicable for BiH (with minor regulatory adjustments). Recommended financial instruments should be financially significant and implementable in the mid-term perspective for supporting accelerated SDG implementation and for enabling more proactive role of the private sector and other investors in the SDG financing in BiH. For each recommended financial instrument, the report will provide a “catalogue” with short description, major pro at contra characteristics, including key regulatory and implementing requirements in BiH. 
For new and innovative financial instruments that could be piloted in BiH or combined with the existing  financial instruments already applied in BiH, the review will include a brief overview of implementing risks analyses.
The methodological approach will be shared and presented to the international / national experts that are engaged on preparation of SDGs Financing Framework in BIH to obtain their feedback. Based on the obtained feedback the Expert will fine tune the methodological approach.
The brief methodological approach will be shared with the JP team for validation.
Task 1 is expected to be completed by end of December 2021 with estimated level of effort of 5 days.
Under these ToR, the Expert is expected to undertake a rapid review of financing instruments currently in place in BiH and new and innovative one that could be applicable to the BIH context with minor regulatory adjustments. Based on the review result, the Expert will prepare recommendations reflecting most potent financial instruments to support accelerated SDG implementation and for enabling more proactive role of the private sector and other investors in the SDG financing in BiH.
More specifically, the Expert will be expected to perform the following tasks:
Task 1 – Conduct preparatory activities for a rapid review of financial instruments already applied in BiH and new and innovative ones that are applicable for BIH and prepare brief methodological approach.
Prior to initiating this task, the Expert will undertake several preparatory steps.
Firstly, the Expert will familiarise him/herself with the SDG Framework in BIH and the concept of the SDG streamlining through the development planning and management system in BIH (state, entities, cantons and Brcko District BIH) . Secondly, the Expert will familiarise him/herself with the aforementioned Guidelines for SDG Financing Framework with a focus on the section related to financial instruments. Lastly, as part of preparatory the Expert will familiarise him/herself with the key methodologies for the SDG financing available through the SDG Finance Sector Hub (FSH): https://sdgfinance.undp.org/
Based on these efforts, the Expert will prepare a brief methodological approach (in the form of a PPP) for a rapid review of financial instruments aimed to support accelerated SDG implementation and for enabling more proactive role of the private sector and other investors in the SDG financing. This will entail the domestic public and private and international public and private domains financing instruments, including those financing instruments that may be integrated across the four DFA quadrants. As such, the methodological approach will focus on: (i) identifying existing financial instruments in BIH that could be adjusted to better serve the purpose of financing accelerated sustainable development; (ii) identifying new and innovative financial instruments that are established and/or successfully piloted in up to five EU member states (ideally “new member states”) or other similar to BiH middle income countries from wider region.
The methodological approach will focus on identifying the existing financial instruments in BiH that could be further optimised and strengthened or combined with the new and innovative SDG financing instruments that are applied / piloted in selected EU countries or other middle-income countries from wider region that established/piloted SDG related financial instruments.
The review will be based on publicly available information in selected countries on the SDG related finance instruments offered by domestic public and private sectors (government institutions, agencies and development banks, financial institutions, commercial banks, etc.). The review will also consider information available from domestic and international organisations reports and literature on SDG financial instruments in selected countries. In case of need for specific information, the Expert will organize interviews with key informants from selected countries public and private institutions to collect additional information. For this purpose, the UN JP will provide the Expert with the introduction letter to be further shared with the target institutions in observed countries.
The review results are to be presented in the report (40 page maximum, without annexes). In addition to introductory part, the first report section will present up to 10 existing and most potent  financial instruments in BiH that could be further optimised and strengthened or combined with the new and innovative SDG financing instruments that were successfully applied in other observed countries. The second report section will present up to 15 most potent new and/or innovative financial instruments successfully applied / piloted in observed target countries, which are applicable for BiH (with minor regulatory adjustments). Recommended financial instruments should be financially significant and implementable in the mid-term perspective for supporting accelerated SDG implementation and for enabling more proactive role of the private sector and other investors in the SDG financing in BiH. For each recommended financial instrument, the report will provide a “catalogue” with short description, major pro at contra characteristics, including key regulatory and implementing requirements in BiH. 
For new and innovative financial instruments that could be piloted in BiH or combined with the existing  financial instruments already applied in BiH, the review will include a brief overview of implementing risks analyses.
The methodological approach will be shared and presented to the international / national experts that are engaged on preparation of SDGs Financing Framework in BIH to obtain their feedback. Based on the obtained feedback the Expert will fine tune the methodological approach.
The brief methodological approach will be shared with the JP team for validation.
Task 1 is expected to be completed by end of December 2021 with estimated level of effort of 5 days.


Task 2 – Conduct a rapid review of financial instruments already applied in BiH and new and innovative one that are applicable for BIH with minor regulatory adjustments
Based on the results of preparatory activities from the Task 1 the Expert will conduct the review and prepare the review report in line to the methodological approach validated by the JP within the task 1.
The review report will include a comprehensive institutional and functional analysis of key stakeholders (existing and proposed) for each proposed financial instrument and related policy and regulatory frameworks (when applicable).
The review report will be shared and presented to the international / national experts that are engaged on SDGs in BIH to obtain their feedback and recommendations.
The Expert will ensure the synergy between the recommended approach on the proposed financial instruments with the overall INFF Roadmap development process, including the sequence of reforms, policy/regulatory frameworks and priority recommendations for the government and non-government counterparts.
The finalised review report will be submitted to the JP team for validation.
Task 2 is expected to be completed by end of January 2022 with estimated level of effort of 15 days.
The Expert will be responsible for his/her travel arrangements.
In case of imposed strict travel limitations due to COVID-19, the envisaged activities in all tasks that require travel will be organised through electronic means of communications.
The entire service will be delivered in English language.
 

Deliverables/outputs

#

Deliverables / Outputs

# of Days per Task

Due Date

Percentage

1.

Task 1 – Conduct preparatory activities for a rapid review of financial instruments already applied in BiH and new and innovative one that are applicable for BIH and prepare brief methodological approach

- Brief PPP on the methodological approach for review submitted and approved by the JP team.

5 workdays

 

 

 

31st

December 2021

25 %

2.

Task 2 – Conduct a rapid review of financial instruments already applied in BiH and new and innovative one that are applicable for BIH with minor regulatory adjustments

-The review report submitted and approved by the JP team.

15 workdays

 

31st January 2022

75 %

 

 


Competencies

Corporate competencies:

  • Demonstrates integrity by modelling the UN’s values and ethical standards;
  • Promotes the vision, mission, and strategic goals of UNDP;
  • Displays cultural, gender, religion, race, nationality and age sensitivity and adaptability
  • Treats all people fairly without favouritism;
  • Fulfils all obligations to gender sensitivity and zero tolerance for sexual harassment

Functional competencies:

  • Strong interpersonal skills, communication and diplomatic skills, ability to work in a team
  • Openness to change and ability to receive/integrate feedback
  • Ability to work under pressure and stressful situations
  • Strong analytical, reporting and writing abilities
  • Excellent public speaking and presentation skills

 

 


Required Skills and Experience

Academic Qualifications/Education

  • Advanced university degree in economics, public finance, or other relevant area.

Experience

  • At least 5 years of experience in the field of macro economy and finance, sustainable development or budgeting and planning. Previous experience with a development partner or government is a strong advantage.
  • Previous research experience in area of SDG financial instruments is required, including good knowledge of data collection and analysis that is essential.
  • Previous experience in technical support to governments of EU new member country or emerging EU country  and/or upper middle-income countries from wider region in the area of financial instruments is required.
  • Previous experience in technical support to governments or private sector in the area of establishing new and innovative financial instruments that support accelerated SDG implementation.
  • Previous experience in providing technical assistance to governments in Bosnia and Herzegovina on development finance is an asset.

Languages Requirements

  • Excellent writing, editing, and oral communication skills in English.

Longlisting/Shortlisting Criteria

Qualifications as stated in the ToR

Criteria:

Points

Relevant Education

max 10 points
8 points allocated for MSc/MA
+ up to 2 points for PhD 

Relevant professional experience

max 15 points 

Excellent writing, editing, and oral communication skills in English.

max 5 points - will be assessed as:
5 points for fluency and the points decrease as per the level mentioned in the CV:
good - 4 points;
fair/upper intermediate – 3 points;
intermediate - 2 points;
beginner - 1 point. 

 

Technical Evaluation Criteria

Criteria:

Points

Rating based on Qualifications

30

Previous research experience in area of SDG financial instruments is required, including good knowledge of data collection and analysis that is essential.

30

Previous experience in technical support to governments of EU new member country or emerging EU country  and/or upper middle-income countries from wider region in the area of financial instruments is required

20

Previous experience in technical support to governments or private sector in the area of establishing new and innovative financial instruments that support accelerated SDG implementation.

20

 

Evaluation

Individual  will be evaluated based on the following methodology:

Cumulative analysis

When using this weighted scoring method, the award of the contract should be made to the candidate 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 and financial criteria specific to the solicitation.

  • * Technical Criteria weight-70%
  • * Financial Criteria weight- 30%

Interested candidated must submit the following documents/information to demonstrate their qualifications:

  • Explaining why they are the most suitable for the work;
  • Personal CV/P11, including past experience in similar projects and at least 3 references.

Please scan all above mentioned documents and upload as one attachment only online through this website.

Note:

  • For an assignment requiring travel, consultants of 65 years or more require full medical examination and statement of fitness to work to engage in the consultancy.
  • Due to large number of potential applicants, only competitively selected candidates will be contacted for remaining steps of the service procurement process.



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