Background

NOTE

Application procedure:

Application with a CV must be submitted online via this website. Please click on “Apply Now” Tab and complete required fields and upload CV. Please note that website accepts only one document therefore, if you would like to upload more than one document, please make sure to combine it into a single one.

Financial offer (for national consultants only in BAM) in a form of completed and Signed Offeror’s Letter to UNDP Confirming Interest and availability - https://tinyurl.com/Offeror-Letter - Letter to UNDP Confirming Interest and Availability.docx - to be sent to e-mail ba.shared.hr@undp.org with Subject: Job ID 111051.

 

In 2015, the United Nations Member States agreed that a comprehensive plan for development, including financial component, was needed and approved a new agenda for sustainable development. This ambitious plan, the 2030 Agenda, sets out 17 Sustainable Development Goals (SDGs), summarising 169 targets and creating the necessary framework within which countries can work to eliminate poverty, reduce inequalities and fight against climate change.

 

The SDGs address a complex and interrelated series of challenges that cannot be overcome without the joint contributions of the public sector and the private sector, including financial institutions, academia and the community at large. For this purpose, appropriate and sufficient financing must be provided. All financing streams need to be optimized towards sustainable development and coordinated. The SDGs present very significant resource implications across the developed and developing worlds, representing global investment needs of multiple trillion per year[1].

 

Next to financial institutions, banks and microcredit organizations are a vital component in the provision of resources for the 2030 Agenda because they are relevant agents in the financial inclusion process and because environmental and social repercussions are incorporated in their products, financial and credit policies and investment decisions.

 

The results of analysis done in Bosnia and Herzegovina in October 2021 presented in the report produced as part of the EU4AGRI-Recovery project, Analysis of existing Green Financial Products in Bosnia and Herzegovina which identified existing financial products targeted at the private sector in BiH, found that banks and Microcredit Organizations (MCOs) often lack separate green financial product tracking and clear information on the green financial product (GFP) portfolio volume. The analysis also showed that percentage of GFPs for the private sector in the total portfolio is very small (less than 2% on average), as is overall awareness of financial institutions when it comes to green financing. It is evident that there are different barriers to green finance investments in BiH, still, the private sector in BiH must be supported to act as the primary engine of growth and thus crowding private capital into the domestic development agenda especially after the recent post-pandemic reality.

 

Translating the SDG Framework in Bosnia and Herzegovina into sustainable and inclusive growth Programme (SDG2BiH), funded by Sweden, aims to support the authorities in Bosnia and Herzegovina in their efforts and progress towards the SDGs as per targets defined in the SDG Framework in BiH[2].

 

Within the framework of SDG2BiH, UNDP organizes the SDG Business Pioneers Award in BiH, an activity organized in partnership with Foreign Trade Chamber of BiH aiming to put spotlight on private sector companies that create decent jobs, promote innovation and actively reduce negative environmental impact through their business models.

 

Over the period of the last four years, more than 300 companies applied for the Award. In 2021, the Award also extended to local communities in BiH and promoted their support to private sector during the pandemics. 

 

In 2023, the SDG Business Pioneers Award in BiH plans to go one step further and put spotlight also on the efforts of banks and microcredit organizations and outline innovative and transformative initiatives targeted at the private sector and implemented in BiH, that promote, integrate and support implementation of 2030 Agenda in BiH.

 

The main objective of this Terms of Reference (ToR) is to identify existing note-worthy practices and solutions in financial sector in BiH targeted at the private sector, actively supporting implementation of SDGs in the country, that can be replicated and scaled-up. As a result, this activity will outline a palette of existing products and services already in use in BiH that integrate SDGs, promote smart growth, greening activities and all activities that support decarbonisation, as well as products and activities that promote “leave no one behind” principle.

 

At the same time, this ToR will provide a very brief situation overview of the stage of development in this sector compared with similar sectors in other UN member states (Austria, Slovakia, Slovenia, etc..). Namely, there is insufficient data on the SDG integration, ESG, greening of financial products and SDG Financing available for Bosnia and Herzegovina.  Preparing a short overview (up to 10 pages) with key insights from more advanced financial markets, may be a good indicator on the path to take in the coming period.

 

The purpose of this consultancy is to facilitate the process of the selection of the best SDG based practices and solutions targeted at the private sector in banking sector in BiH that could be considered as eligible for recognition under SDG Business Pioneer Awards in Bosnia and Herzegovina in 2023.

 

 

[1] https://unstats.un.org/sdgs/report/2022/The-Sustainable-Development-Goals-Report-2022.pdf

[2] The SDG Framework in BiH serves as the common development agenda in BIH, providing an overall vision for all government levels in the country, along with key development pathways and 2030 targets. The development pathways and corresponding accelerators and development drivers should contribute to a more prosperous society and a future where no one will be left behind and where people, prosperity, peace, partnerships, and concern for the Planet are at the heart of a better and jointly shared future.

Duties and Responsibilities

The Consultant will develop and implement the methodology that includes procedures for selection of banks’ and/or microcredit agency policies, products/services and solutions in banking sector in BiH to be recognized under SDG Business Pioneer Awards in Bosnia and Herzegovina in 2023. In line with the above-mentioned objective and purpose, s/he is expected to perform his/her work in consultation and with guidance from the UNDP Project team.

Concretely the Consultant will perform the following tasks: 

Task 1: Desk review and preparation of short case-study

As part of this task, the Consultant will become familiar with documents relevant to 2030 Agenda and the SDG Framework in Bosnia and Herzegovina, as well as surveys and papers revealing the state of financial sector in BiH as well as other relevant financial analyses and documents.

These documents should include, but should not be limited to the following: UN 2030 Agenda, SDG Business Pioneers Award, Analysis of existing Green Financial Products in Bosnia and Herzegovina, relevant analytical and policy documents in the field of ESG / SDG financing, existing statistics and economic indicators, relevant policies and measures, etc. As a result of this task the consultant should have a good insight into the current situation and existing products and services used by banks and microcredit agencies in BiH and potential that is underutilised compared with the examples from other countries.

In parallel, the Consultant will prepare brief case study using publicly available data from 2-3 EU countries (e.g.  Austria, Slovakia and Slovenia) that are more advanced than BiH when it comes to banks and microcredit organizations, and their applications of the relevant policies and practices that contribute to SDGs achievements (e.g., the ESG standards, EU SDG Taxonomy, product/service “greening”, etc.) The final selection of countries for the case study is to be decided in agreement with UNDP staff.  The final output will be a report (up to ten pages, including case studies), which will be submitted to the UNDP Project team for review, and feedbacks/suggestions for improvement.

 

It is envisaged that this task will be delivered by 15 February 2023 and the level of effort will not exceed 5 expert days.

 

Task 2: Preparation of a detailed methodology for selection and evaluation of products/services and solutions in banking sector in BiH to be recognized under SDG Business Pioneer Awards in Bosnia and Herzegovina in 2023

Using the findings from the Task 1, the Consultant will develop detailed methodology for identification of note-worthy practices and/or products eligible for the recognition under SDG Business Pioneers Awards in Bosnia and Herzegovina in 2023.

 

The draft methodology will contain following minimal blocks:

(i) the introduction;

(ii) the purpose of methodology;

(iii) the detailed description of the process and criteria for conducting of the methodological approach.

 

Along with the description of the process and criteria for conducting of the methodological approach, the Consultant will provide the description of crucial indicators that can be considered as development measures (greening, energy efficiency, etc..) to stimulate sustainable development now and in the future. These indicators will include, but will not be limited to, effectiveness, replicability, scalability, innovativeness, and sustainability. In this methodological block, the consultant will also elaborate the process of data collection (e.g., using surveys, in-person/online meetings) leading to the selection and ranking of the excellent practices and scalable solutions using the indicators (e.g., timeframe, evaluation method for each indicator, weight for each indicator, etc.).

 

Once the initial draft of the methodology is prepared it will be presented to the UNDP Project team (who may consult external consultants) for feedback / suggestions for improvements.

 

Based on the feedback obtained, the Consultant will fine-tune the methodology and submit it to UNDP Project team for validation/approval.

 

It is envisaged that this task will be delivered by 10 March 2023 and the level of effort will not exceed 8 expert days.

 

Task 3: Implementation of the assessment survey for selection and evaluation of practices and scalable solutions to be promoted during the SDG Business Pioneers Award 2023

Once the methodology is approved by the Project team, the Consultant will conduct the assessment survey which will result the following:

  • Selection of note-worthy practices and scalable solutions as per identified criteria;
  • Evaluation of existing and projected results coming out from the practices/solutions, as per approved indicators;
  • Ranking of the identified practices/solutions as per efficiency of the evaluated measures;
  • Selection of not less than 3 and not more than 5 note-worthy and replicable/scalable practices.

During the assessment survey the Consultant will be supported by the UNDP Project team.

Upon the completion of all activities, the Consultant will prepare the final report that will incorporate findings and recommendations from all three tasks.

The final report will be prepared based on the report structure that will be agreed with the UNDP Project team. In this report, the Consultant will also make a short comparison of the stage of development of financial sectors in BiH and other observed countries and potential for improvements in field of implementation of Agenda 2030 (5 pages max.).

Once the draft of the report is prepared it will be presented to the UNDP Project team for the feedback / suggestions for improvements.

 

Based on the feedback obtained, the Consultant will finalise the report and submit it to UNDP Project team for validation/approval.

 

It is envisaged that this task will be delivered by 31 March 2023 and the level of effort will not exceed 5 expert days.

 

The entire service will be delivered in one of the languages of peoples of Bosnia and Herzegovina.

 

Deliverables/outputs

#

Deliverables / Outputs

# of Days per Task

Due Date

Percentage

 1.

Task 1. Desk review and preparation of short case-study

 

  • Desk review completed.

 

5 days

February 15, 2023

25%

 

 2.

Task 2: Preparation of a detailed methodology and indicators for the selection and evaluation of products/services and solutions in banking sector in BiH to be recognized under SDG Business Pioneer Awards in Bosnia and Herzegovina in 2023 excellent practices and scalable solutions.

  • Methodology finalized and approved.

 

 

8 days

 

 

March 10, 2023

50%

 3.

Task 3: Implementation of the assessment survey for selection and evaluation of practices and scalable solutions to be promoted during the SDG Business Pioneers Award 2023

  • Survey completed and final report approved by UNDP. 

 

5 days

March 31, 2023

25%

Competencies

Core values

Corporate Responsibility and Teamwork:

  • Demonstrates commitment to UNDP’s mission, vision and values;
  • Displays cultural, gender, religion, race, nationality and age sensitivity and adaptability;
  • Plans, prioritizes and delivers tasks on time;
  • Strives for and promotes excellence in performance continually;
  • Participates effectively in a team-based, information-sharing environment, collaborating and cooperating with others.

 

People Skills:

  • Recognizes and responds appropriately to the ideas, interests, and concerns of others;
  • Ensures others’ understanding of, involvement in, and adaptation to a change process.

 

Results-Orientation:

  • Plans and procedures quality results to meet established goals.

 

Communication:

  • Formulates written information clearly and persuasively;
  • Shares information openly with co-workers and partners while using discretion to protect confidences;
  • Strong communication skills;
  • Presents information in a clear and articulate manner.

 

Job Knowledge and Expertise:

  • Knowledge of economics, poverty, inequality and vulnerability
  • Strong analytical skills;
  • Strong presentation skills;
  • Advanced writing skills,
  • Strong facilitation and coordination skills;
  • Ability to conceptualise, write and present in a clear and concise manner.
  • Ability to multitask and work under time pressure.
  • Initiative and sound judgment.

Required Skills and Experience

Academic Qualifications/Education

Advanced university degree in international development, economics, econometrics, statistics, or related disciplines.

Experience

  • Minimum of 10 years of experience and proven track record in providing high-quality, development-oriented economic analysis and economic policy advice.
  • Previous experience in preparing methodologies for measuring financial and banking performance.
  • Experience working directly with banks and microcredit agencies and other stakeholders on economic policy and programmes in Bosnia and Herzegovina required;
  • Experience in research analysis using survey and interviews;
  • Working experience in Western Balkans strongly preferred.

 

Languages Requirements

  • Fluency in languages used in Bosnia and Herzegovina, fluency in English will be considered an advantage.

 

Other Requirements

  • Proficiency in computer applications such as MS Word, Excel, etc.

     

Longlisting/Shortlisting Criteria

Qualifications as stated in the ToR

Criteria:

Points

Relevant Education

max 5 points points allocated for BA/BSc degree
+ 5 points for MSc/MA
+ 5 points for PhD 

Relevant professional experience

max 15 points 

Prior work experience with UNDP/UN Agencies

max 10 points 

Knowledge of English and BHS languages- Excellent oral and written skils

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%

Experience and proven track record in providing high-quality, development-oriented economic analysis and economic policy advice.

20%

Experience in preparing methodologies for measuring financial and banking performance.

10%

Experience working directly with banks and microcredit agencies and other stakeholders on economic policy and programmes in Bosnia and Herzegovina required

10%

Experience in research analysis using survey and interviews;

10%

Working experience in Western Balkans strongly preferred.

10%

Submitted methodology on approach to the work; or sample of previous document/strategy/paper done by the consultant

10%

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
  • Provide a brief methodology on how they will approach and conduct the work; including timeframe
  • 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.