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International Consultant – Senior Development Financing Specialist
|Location :||Home-based (preferably based in Cambodia), CAMBODIA|
|Application Deadline :||29-Nov-22 (Midnight New York, USA)|
|Time left :||2d 2h 58m|
|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 :||70 days from 09 December 2022 – 30 April 2023|
|Expected Duration of Assignment :||70 days from 09 December 2022 – 30 April 2023|
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.
Cambodia is performing well in terms of domestic revenue mobilization (amongst the best performers in terms of tax/GDP ratio in ASEAN) but domestic savings remain much lower than comparators, and some of Cambodia’s macro fundamentals have been stressed in the wake of COVID-19. Further changes are likely to be in play in its financing landscape, considering the continued monetary tightening in developed countries with knock-on impact on interest and exchange rates for developing countries, the consideration of Cambodia's graduation from LDC status, and the rebasing of the GDP. There is also a growing need to address how the financing system can be made more equitable and sustainable in light of saturation of and challenges with high levels of indebtedness to MFIs etc., need for strengthening SME access to finance, use of blended finance and de-risking approaches to steer financing to priority areas as well as consideration of scaling up strengthening scope and use of micro insurance, micro savings facilities (e.g., Bangladesh), matching funds and health care financing to diversify sources of financing for productive uses and to reduce vulnerability.
Further, while official development assistance (ODA) flows remain significant – estimated around 7.9% of GDP – their composition has already started to shift towards loans and, within this, towards less concessional terms. If Cambodia remains on track to be considered for Least Developed Country (LDC) graduation (2nd review in 2024), it will need to further diversify its financing. Moreover, as Cambodia starts to tap into international capital markets and grow the domestic market it will be important to proactively manage risks given the current turmoil in global financial markets as well as opportunities arising from the growing sustainability orientation in financial markets.
UNDP Cambodia portfolio of sustainable finance initiatives is also evolving to better respond to emerging needs and opportunities. It currently includes support to the government on Integrated National Financing Framework (INFF) in partnership with UNCDF to better leverage both public and private finance and related priorities (e.g., support the development of a diversified financing strategy as well as enhance readiness to tap into international and regional capital markets for sovereign thematic bonds while developing the domestic one), a focus on tapping into carbon markets and others for climate-finance, emerging blended finance approaches and more private investment facing approaches.
In the lead up to the development of its new country programme for 2024-2028, UNDP Cambodia, in collaboration with UNDP Sustainable Finance Hub (Bangkok Regional Hub and global teams), is exploring opportunities to leverage partnerships and expand its sustainable finance portfolio to better support government and engage with private sector and support the strengthening of the financing ecosystem in the country in collaboration with other partners at this critical juncture.
 See HRW article World Bank: Investigate Cambodia’s Micro-Loans which points to the study by the Microfinance Index of Market Outreach and Saturation (MIMOSA), which based on data provided by the World Bank Group’s International Finance Corporation (IFC), found serious problems in Cambodia’s micro-loan sector. The MIMOSA scorecard, which measures market penetration for micro-loan borrowers, found that Cambodia’s rate of credit saturation was the highest among the 11 countries it studied.
 See World Bank Resilient Development: A Strategy to Diversify Cambodia’s Growth Model (2021).
Duties and Responsibilities
The consultant is expected to assist the UNDP Cambodia Country Office (CO) to identify ways to (1) expand the financing strategy for INFF implementation and LDC graduation; (2) strengthen its sustainable finance portfolio, including identification of new opportunities and areas; (3) explore business models for sustainable delivery of technical assistance and services; and opportunities to mobilize financing and partnerships towards this end.
1. Support the expansion and implementation of the financing strategy for the INFF and LDC graduation
2. Strengthen UNDP Cambodia’s sustainable finance portfolio
3. Identify business models for sustainable delivery of technical assistance and services; and opportunities to mobilize financing and partnerships towards this end.
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=96936 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:
(i) Letter of explaining why they are most suitable for the work
(ii) A brief proposal describing the methodologies, work plan and timeframe
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 email@example.com and cc firstname.lastname@example.org . While the Procurement Unit would endeavor to provide information expeditiously, only requests receiving at least 3 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).