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International consultant Investment Policy Specialist
|Location :||Home base with Travel to Erbil|
|Application Deadline :||29-May-19 (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 :||70 working days over 5 months|
|Expected Duration of Assignment :||maximum of 70 working days over 5 months|
Investment management in the Kurdistan Region of Iraq (KRI) is governed by the Investment Law of 2006 and various other government policies and regulations, and falls under the purview of the Kurdistan Regional Government Board of Investment (KRG BOI).
The KRG BOI is responsible for developing investment strategies, plans, and policies. It is also responsible for setting up a suitable environment to attract investments, to help promote increased economic development in the region. This aspect of its work entails promoting, facilitating and regulating investment, ensuring that investment is directed into priority sectors to enhance local production, and creating 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, especially given the relative lack of capital, technical know-how, and technology in the Kurdistan region. Key investment-related priorities in the KRI include development of a regional investment policy, establishment of an investment registration center that can be a true one-stop shop for would-be investors, and the promotion of investment in the industry, agriculture and tourism sectors.?
To enhance the next stage of KRG BOI’s work and to ensure that it progresses in the right direction, the KRG BOI needs to identify current barriers to investment and determine whether its current policy mix can be reformed to attract more FDI in a wider variety of sectors. Therefore, KRG BOI is considering a thorough analysis on existing legislation, regulation, policies, strategies, institution structure, incentive schemes and promotional techniques to identify needed reform to promote investment in KRI. Furthermore, it also seeks expertise in analysing the state of the overall industrial sector to determine needed reforms to further develop this sector. It will be important to develop an understanding of what the industrial sector’s strategic direction should be, and what gaps exist that could be filled by foreign investment – foreign firms could not only boost investment in the KRI but also being valuable jobs, know-how, and capital to the region.
For these dual but interconnected initiatives, KRG BOI seeks deeper expertise in the areas relevant to attracting, securing, and retaining foreign investment, and in developing its industry, agriculture, and tourism sectors. For support with this ambition, KRG BOI has approached the UNDP Funding Facility for Economic Reform – KRG (FFER-KRG) to provide them with the necessary technical assistance.
As an initial response, UNDP FFER-KRG is recruiting an Investment Policy Specialist to support KRG BOI to undertake an Investment Reform Mapping (IRM) process. This IRM process will first thoroughly study the state of KRI’s investment potential and policy. It will then assess the type(s) of rules, regulations, incentive schemes and promotional techniques that can be reformed or instituted to best help KRG BOI to enhance investment in KRI. Next, it will identify and set priorities for reform, and finally it will create an action plan with concrete timelines. Concurrently, FFER-KRG will be recruiting an Industry Sector Specialist to conduct an assessment of the industry sector, and collaboration between these two specialists will be important.
The envisioned reform map for Investment Reform will focus on the overall environment, and set the stage for foreign investors and businesses to seek and discover the many potential benefits that come with investing in the region. It is envisioned that the Investment Policy Specialist can leverage both expertise and experience with attracting FDI to support KRG BOI as it considers its next steps in developing the KRI industry, Tourism and Agriculture sectors and investment climate.
As part of a separate exercise also funded by the FFER-KRG, an Industrial Sector Developing Specialist will be recruited to provide necessary technical assistance to the KRG Ministry of Trade and Industry (MoT&I) to (1) assess the current state of KRI’s industry sector; (2) formulate a strategic direction and policy for Industry sector of the KRI; and (3) develop an industry sector growth and development plan that addresses legislative, regulatory, processes, procedures and support program reforms that are essential to promote growth and development of industry sector of the KRI. The assignment will be in parallel to this exercise, and it is expected that the recruited consultants coordinate their activities to avoid duplications and ensure synergies are established.
Scope of Work
The overall objective of this assignment is to provide necessary technical assistance to KRG BOI to (1) assess the current state of investment in the KRI, and (2) identify what reforms are required to promote investment opportunities in KRI and improve management of investment, promotional activities, and incentive programmes.
For the duration of this post, the Investment Specialist will be working in the office of the Director General of Promotion, Assessment and Licensing of Projects at KRG BOI, and will work under the overall guidance and supervision of the Director General of Promotion, Assessment and Licensing of Projects at KRG BOI and KRG Ministry of Planning General Director of Capital Investment Budget as well as in coordination with the UNDP FFER-KRG Project Manager.
Duties and Responsibilities
Key duties and responsibilities will include, but are not limited t0
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, Board of Investment Internal System, BOI Instruction ref 1 2007, BOI Instruction ref 2 of 2017 and KRG BOI vision and Policy. This report will then serve as a foundation for more in-depth consultation with stakeholders. This report must include, but is not limited to:
Conduct in-depth consultation meetings with KRG BOI, Ministry of Trade & Industry, Chamber of Commerce, Ministry of Agriculture and Water Resources and other relevant government and non-government entities – with the support of the baseline report, and through these in-depth meetings, the specialist shall prepare a detailed assessment report of the current state of investment in KRI by doing the following:
Technical Support to KRG BOI to develop an Investment Reform Map (IRM) – with the aid of the detailed assessments to be conducted, the specialist will support KRG BOI to set priorities for the reforms to be undertaken. The specialist will:
?Expected outputs and deliverables:
Fees and Payment
The price proposal should be an “all-inclusive”daily rate
Required Skills and Experience
Combined Weighted Method
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 Proposal (30 marks)
Qualification and Experience (40 marks) [evaluation of CV]:
Interviews may be conducted as part of the technical criteria. Only candidates obtaining a minimum of 49 points (70% of the total technical points) would be considered for interview and would be deemed technically compliant..
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.