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National Consultant (Lao nationality only) to support mission on Capital Market Investment and Bond Appetites for Lao PDR
|Advertised on behalf of :|
|Location :||Vientiane, LAO PDR|
|Application Deadline :||29-Jun-20 (Midnight New York, USA)|
|Additional Category :||Management|
|Type of Contract :||Individual Contract|
|Post Level :||National Consultant|
|Languages Required :||English|
|Starting Date :|
(date when the selected candidate is expected to start)
|Duration of Initial Contract :||June to December 2020|
|Expected Duration of Assignment :||25 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.
UNCDF IN LAO PDR:
UNCDF, the UN capital investment agency for the 48 least developed countries, provides seed capital and technical assistance to test new modalities of public and private financing for local development. These investments are designed to leverage innovative financial flows from the private sector, national governments and development partners, for maximum impact towards inducing sustainable growth and transformative impact via the localization of the SDGs. UNCDF discreetly operates two inter-connecting practice areas of; (1) inclusive finance, and (2) local development finance. The goals of UNCDFs local development finance practice is to; (i) support effective Public Financial Management Policy and Regulation, (ii) create effective and sustainable inter-governmental fiscal transfer systems and (iii) assist subnational governments to develop productive infrastructures and provide quality services that contribute towards transforming the economic structures of local economies and improving the quality of life of citizens.
UNCDF is currently implementing a project that is developing financing solutions for supply side capital to enable the Government of Laos to efficiently deliver on their social protection commitments as outlined within the National Social Protection Policy (NSPP). This project is funded by the UN Secretary General Sustainable Development Goals Fund (UN-SDGF) providing focus for social protection through SDG acceleration and attainment of SDG targets.
Historically UNCDF have designed and implemented local development initiatives in a majority of the ASEAN member states both at national and sub-national levels. In particular, in alignment to its mandate, UNCDF has mainly operated in the Least Developed Countries, of the ASEAN region including (1) Cambodia, (2) Lao PDR, and (3) Myanmar.
In Lao PDR UNCDF has been engaged extensively in the government’s decentralization process through the National Governance and Public Administration Reform Programme (NGPAR). The NGPAR process has supported the enhancement of inclusive service delivery and local development via the strengthening public administrations, fostering of inclusive dialogue, and facilitating dialogue between citizens and state for more effective, transparent, accountable and responsive service delivery.
Lao PDR is currently implementing an austerity regime in terms of public sector finance. The government is embarked on a broad consolidation of the public budget that is minimizing expenditure, optimizing revenues whilst at the same time still delivering and maintaining public services. The consolidation is following a strict monetary and fiscal policy that is aimed at reducing budget defects to less than 4% that will enable the government to maintain macro-economic stability and meet existing debt service obligations.
UNCDF is working directly with the MoF within the sphere of the Public Finance Management Reform initiative that is following on from the 2019 National Public Expenditure and Financial Accountability (PEFA) assessment. UNCDF is also working in partnership with the World Bank, the European Union and other Development Partners with the introduction of an IPSAS compliant CoA and a robust IFMIS that is under procurement.
Leveraging this positioning and work, UNCDF is supporting the SDG Fund UNJP “Leaving no one behind: Establishing the basis for social protection floors in Lao PDR” that is supporting the Ministry of Labor and Social Welfare to implement the social protection strategy. This strategy envisions the development of an inclusive social protection system that includes a continually capitalized fund to ensure timely payments are made to all groups covered by the strategy. UNCDF is assisting MoLSW and MoF to establish and capitalize the fund through various technical inputs.
The consultancy opportunity is funded through the above mention project and aims at developing a business plan and fund scenario for the National Social Protection Fund (NSPF) as outlined in the governments National Social Protection Strategy (NSPS). The consultancy will be implemented through a mix of activities to be carried out in Lao PDR working directly with the Ministry of Labor and Social Welfare (MoLSW), the Ministry of Finance (MoF). In addition, the mission will work closely with the SDG Fund UNJP partners ILO and UNICEF for technical reference, NSPP data, and policy advisory.
Duties and Responsibilities
OBJECTIVES AND SCOPE OF CONSULTANCY:
The main objective of the assignment is to support MoLSW and MoF to examine the potentials to secure funding through various transnational financial products to capitalize the proposed NSPF. The consultancy will explore regional capital markets; namely Thailand, China, Hong Kong and Singapore in the context of bonds and other debt financing instruments that can be accessed by the Government of Laos. This assignment will also complete a stock-take of existing general obligation and revenue bonds issued by the Government Lao PDR or any government entities and provide a succinct trend analysis of associated credit ratings.
The consultancy mission will be led by one international consultant responsible for finalizing all related documents and the final report and supported by one national consultant who will provide technical inputs as required and logistics and administrative support including data collection, coordination and arrangements of meetings and translation of final products from English to Lao.
Total of working days: 25 working days including Saturdays (during June - Dec 2020).
SCHEDULE AND TIMEFRAME:
The total duration of the consultancy will be 25 working days including Saturdays during June - December 2020) according to the following indicative plan (actual starting date dependent upon availability of the international consultant and contract award). Full 25 working days will be spent to support and works with the international consultant during the in-country missions, including Saturdays:
EXPECTED RESULTS AND DELIVERABLES:
The national consultant will contribute and support the international consultant to deliver the following jointly produced deliverables within the framework and by the end of the mission:
PAYMENT SCHDULE (Upon approval of agreed deliverables and submission of CoP and invoices):
*Note: No travel will be required for this assignment.
The consultancy team will be composed of 1 International and 1 national consultants. The international consultant will act as a team leader who will finalize all reports and other related documents. The national consultant will be a team member who will support the international consultant and assist all aspects of the mission during the in-country mission including logistics, meeting arrangements and translation work and other duties assigned by the international consultant. The consultants selected should not be the persons who involved in the project design/implementation and should not have conflict of interests with project related activities.
Required Skills and Experience
Documents to be included when submitting the proposals:
Interested individual consultants must submit the following documents/information to demonstrate their qualifications:
(i) Cover letter explaining why you are the most suitable for the work;
Instructions for on-line submissions:
Incomplete proposals or proposals received after the deadline will be rejected.
Scope of work and Responsibilities
Requirements for Experience and Qualifications
Note: Any request for clarification must be sent in writing to the following e-mail: firstname.lastname@example.org and copy email@example.com.