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International Consultant Impact Investment Expert
|Location :||Tbilisi, GEORGIA|
|Application Deadline :||15-Feb-19 (Midnight New York, USA)|
|Type of Contract :||Individual Contract|
|Post Level :||International Consultant|
|Languages Required :||English|
|Duration of Initial Contract :||January 2019 – April 2019 (up to 20 working days, up to 2 missions to Georgia, at least five working|
Social Impact Bonds (hereafter SIB) is an innovative financial instrument designed to bring together the public, private and voluntary sectors to solve the prevailing challenges by having a clear focus upon delivering the outcomes we want to see. A SIB is a new result-based financial instrument, where outcome payers agree to pay and reward investors only if agreed-upon outcomes are achieved. The idea is to engage private capital in funding social/environmental/development projects with a possibility for a financial return. The public-sector institutions agree that if the bond succeeds in achieving the agreed outcomes, the investors will get their capital back and a possible financial return. The financial return is dependent on the degree to which outcomes improve the initial situation.
Social Impact Bond, in its nature, supports governments to solve specific social problems with support of multi-stakeholder engagement. The SIB topics are defined by public institutions and they drive the agenda.
Currently, UNDP is developing a pilot SIB to tackle the youth (13–18-year-old) physical inactivity in Rustavi in cooperation with the Rustavi Mayor’s Office and Public Service Development Agency (PSDA). More specifically, the overall goal of the initiative is to decrease the prevalence of chronic diseases caused by the physical inactivity among youth. The specific objectives envisage increasing free time physical activity among youth, promoting public premises as active lifestyle fostering platform and enabling youth and their families to have a voice in active-lifestyle policy planning and implementation.
Social Impact Bond, as a multi-stakeholder mechanism, includes numerous parties, like commissioners, investors, outcome payers, service providers and beneficiaries. In this particular SIB in Rustavi, the Mayor’s Office is a commissioner and outcome payer, while investors and service providers need to be identified. Moreover, Rustavi Mayor’s Office is heavily engaged in designing the pilot initiative and exploring potential stakeholders in the SIB process.
The initiative has sectoral focus on Good Governance and Rule of Law (SDG 16) and the activities would contribute to the achievement of the following priority areas of the Czech-UNDP Partnership for SDGs and Development Cooperation Programme with Georgia for the years 2018–2023 of the Czech ODA and their respective SDGs:
Duties and Responsibilities
The overall objective of this consultancy is to support the development of the alternative financing mechanisms focusing on “payment by results” concept.
More specifically, the consultant will be tasked to:
As a result of submitted deliverables, UNDP Georgia will ensure the visibility of the outcomes and tasks by the local and international stakeholders, i.e. at least one (1) article or other media outcome will be prepared and at least 10 photos of high quality will be delivered to CUP.
The expert will work closely with the CO and UNDP CUP managers, all their recommendations and suggestion have to be incorporated into the report within five (5) working days.
Note: The date of the mission as well as other activities (like interviews etc.) will be proposed by Consultant as part of his technical offer and consulted with the GRF/PAR Capacity Assessment, Evaluation and Monitoring Specialist/Social Impact Bond focal point in coordination with UNDP Georgia Innovations Specialist prior to contract signature.
The international expert’s work will be directly supervised by GRF/PAR Capacity Assessment, Evaluation and Monitoring Specialist/Social Impact Bond focal point in coordination with UNDP Georgia Innovations Specialist. The service provider will be directly responsible to, reporting to, seeking approval from, and obtaining certificate of acceptance of outputs from the above-mentioned persons.
Leadership and Self-Management Skills:
Required Skills and Experience
Payment modality and deliverables:
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.