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Senior Investment Specialist (RE-ADVERTISEMENT)
|Location :||Erbil, IRAQ|
|Application Deadline :||21-Aug-22 (Midnight New York, USA)|
|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 :||80 working days over 7 Months Duration|
|Expected Duration of Assignment :||80 working 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.
FUNDING FACILITY FOR ECONOMIC REFORM – KRG (FFER-KRG)
Funding Facility for Economic Reform (FFER) is a programme of support financed by the USAID and implemented by the UNDP to support the Government of the Kurdistan Region of Iraq in carrying out their economic reform agenda.
Investment in the Kurdistan Region of Iraq (KRI) is governed by the Investment Law of 2006 and various other government policies and regulations. Under the investment law, the Kurdistan Regional Government Board of Investment (KRG BOI) was established as a ministerial-level government entity with the responsibility for implementing the Investment Law and developing investment strategies, plans, and policies.
BOI is also responsible for setting up an investment friendly climate to attract investments and promote economic development in the region. This aspect of BOI’s work entails promoting, facilitating, and regulating investment, and channelling investment into priority sectors to enhance local production and generate job opportunities for the KRI citizens.
The KRG Economic Reform Roadmap 2016 recognizes the importance of domestic and foreign direct investment (FDI) in contributing to growth and employment, and has identified several investment-related priorities, including development of a regional investment policy, establishment of a one-stop investment registration center, and the promotion of investment in the industry, agriculture and tourism sectors.
Acting on the recommendations proposed KRG Economic Reform Roadmap 2016, BOI, supported by the UNDP Funding Facility for Economic Reform – KRG (FFER-KRG), has conducted a thorough analysis on existing legislation, regulation, policies, strategies, institution structure, incentive schemes and promotional techniques to identify current barriers to investment and determine needed reforms. As a result, BOI has developed an Investment Reform Map, which recommends needed reforms to promote investment in KRI, sets up reform priorities, and creates a reform action plan.
To implement the Investment Reform Map, BOI has set up an International Investment team, responsible for setting investment strategies and conduct studies. The Vision of the team is as follows:
It is under this background that BOI is recruiting a senior investment Specialist to provide technical assistance to the International Investment team on investment strategy and policy. The Specialist will be embedded in BOI office and work with a dedicated team of five junior economists with prior investment experience and is expected to lead an effective capacity building to the team for sustainable project management.
Duties and Responsibilities
SCOPE OF WORK
The overall objective of this assignment is to provide necessary technical assistance to KRG BOI FDI unit Team to prepare a strategic plan to increase and facilitate international investment in KRI, provide guidance and support with the implementation of the plan and provide capacity building to the relevant staffs of the unit.
For the duration of this assignment, the Senior Investment Specialist will be working in the office of the International Investment unit at Board of Investment office in Iraq - Erbil and will work under the overall guidance and supervision of the Team Leader, as well as in coordination with the UNDP FFER-KRG Project Manager.
Key duties and responsibilities will include, but are not limited to:
1. Conduct desk review on current state of investment in KRI – The specialist shall prepare an initial baseline report through a desk review of relevant documents, related to KRI investment including but not limited to Investment Law ref 4 of 2006, Draft revised Investment Law 2015, BOI vision and Policy and Investment Reform Map (IRM). This report will then serve as a foundation for more in-depth consultation with International Investment Unit and other BOI offices. This report must include, but is not limited to:
2. Conduct in-depth consultation meetings with KRG BOI International investment Unit – the Specialist is required to conduct extensive consultation with International Investment Unit to understand their requirements and in partnership with the unit develop final action plan for the investment development technical support and capacity building that would be provided during this assignment.
3. Provision of Technical Support and Capacity Building to KRG BOI International Investment Promotion Unit – with the aid of the detailed assessments to be conducted, the specialist is required to conduct the follow tasks. These Tasks are subject to change depending on the action plan that will be developed for the Unit by the expert to ensure the Unit has the required capacity for the implementation of the action plan. The specialist will:
The major outputs of this contract will include:
LOCATION, TIMEFRAME FOR THE ASSIGNMENT
The Specialist is required to work at BOI office in Erbil – Iraq during the missions to Erbil Iraq for the implementation of the assignment. The assignment is for 80 Working days over 7 months duration (65 Working days on the field and 15 homebased).
MANAGEMENT AND IMPLEMENTATION ARRANGEMENTS
The assignment is commissioned by UNDP Iraq’s Funding Facility for Economic Reform-KRG (FFER-KRG). The main UNDP Focal Point will be the FFER-KRG Project manager. The Project Manager will serve as the focal point to provide both substantive and logistical support to the Specialist. Assistance will be provided by the PM to make any refinements to the tasks of the selected Specialist (i.e. coordination with target entities, access to relevant documents, survey coordination and organization of interviews). This TOR shall be the basis upon which compliance with assignment requirements and overall quality of services provided by the Specialist will be assessed by UNDP.
METHOD OF PAYMENTS
Required Skills and Experience
QUALIFICATIONS AND REQUIREMENTS
The Specialist will require the following qualifications, experience, competencies and language skills. Only applicants who meet these criteria will be short-listed and will be contacted.
Education and Professional Qualifications Required:
Shortlisted candidates (ONLY) will be requested to submit a Financial Proposal. The consultant shall then submit a price proposal when requested by UNDP, in accordance with the below:
UNDP reserves the right to withhold all or a portion of payment if performance is unsatisfactory, if work/outputs is incomplete, not delivered or for failure to meet deadlines.
Evaluation Method and Criteria
Individual consultants will be evaluated based on the following methodology:
1. Cumulative analysis
The award of the contract shall 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 and financial criteria specific to the solicitation.
* Technical Criteria: weight 70%
* Financial Criteria weight 30%
Only candidates obtaining a minimum of 49 points (70% of the total technical points) would be considered for the Financial Evaluation
Technical Criteria – Maximum 70 points
Technical Proposal (30 marks)
Required Experience (40 marks) [evaluation of CV]:
Financial Evaluation (30%):
The following formula will be used to evaluate financial proposal:
p = y (µ/z), where
p = points for the financial proposal being evaluated
y = maximum number of points for the financial proposal
µ = price of the lowest priced proposal
z = price of the proposal being evaluated
Documents to be included when submitting the proposals:
Interested international Consultant must submit the following documents/information to demonstrate their qualifications in one single PDF document:
Annexes (click on the hyperlink to access the documents):
Note: Incomplete application will result in automatic disqualification of candidate.