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SDG Investments Impact Consultant
|Advertised on behalf of :|
|Location :||New York, UNITED STATES OF AMERICA|
|Application Deadline :||25-Feb-21 (Midnight New York, USA)|
|Type of Contract :||Individual Contract|
|Post Level :||International Consultant|
|Languages Required :||English French|
|Starting Date :|
(date when the selected candidate is expected to start)
|Duration of Initial Contract :||Up to 31 December 2021|
|Expected Duration of Assignment :||Up to 31 Dec 2021, with possible continuation for 2 more years based on new IPSA selection process|
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 is the UN’s capital investment agency for the world’s 47 least developed countries. UNCDF focuses on Africa and the poorest countries of Asia and the Pacific, with a special commitment to countries emerging from conflict or crisis. UNCDF programmes are designed to catalyze larger capital flows from development partners, national governments and the private sector, for maximum impact toward the Sustainable Development Goals.
UNCDF’s approach to Local Development Finance acknowledges the challenges LDCs face in enhancing local basic services, promoting local economic development and increasing local resilience to shocks in an increasingly uncertain world. The approach recognizes that LDC economies have reached levels of domestic capital (public and private) significantly greater than a decade ago. Yet under-investment at the local level remains a feature of LDCs that holds back structural transformation. In addition to external sources of development finance there is an additional need to find ways of channeling domestic resources for local development.
This picture of overall growth, increased inequalities and stubborn pockets of poverty within LDCs reveals an uncertain and differentiated development environment in which many localities are not sharing the benefits of growth. How can resources be reinvested locally to build resilience and reduce inequalities?
This is the challenge of local economic development and it is a challenge that becomes more and not less important as developing countries experience growth and capital accumulation but lack the means to reinvest that capital to promote sustainable, equitable and inclusive development. The result is localities lacking in infrastructure and capital investment that could support a more sustainable and equitable inclusion into the growing economy. Without this investment there is a tendency for value chains to be extractive and for a reduced scope to develop the clustering, linkages and labor markets that could recycle the proceeds of growth at the local level. There is also a tendency for poor quality infrastructure and for local areas to lack access to the financial resources that are available centrally. This includes areas where local authorities have a comparative advantage such as climate change adaptation, food security, and women’s economic empowerment.
The growing differentiation at the local level is accompanied by two broad trends in development finance. Firstly the general decline of Official Development Assistance (ODA) and secondly the above mentioned accumulation of significant capital surpluses in LDCs that are not reinvested locally due to perceived risk and a lack of investment opportunities, instead they are often held in unproductive real estate or in overseas accounts. These trends complicate the task of investing in public and private infrastructure for local development in those regions that are lagging behind.
Inclusive and sustainable growth requires resilient local economies that include a varied mix of public sector and private sector investment and that are not over dependent on one activity. Economic activities can contribute to inclusive local growth if they leverage and utilize other local resources, or they can be of an 'enclave' nature where the activity has little impact on the surrounding economy. Therefore, not all local economic activity has the same impact on local development.
What is local development? It is not simply development that happens locally, as all activities happen somewhere. Instead Local Development means increasing the prosperity and wellbeing of localities and strengthening their resilience to economic and environmental shocks. This requires: Leveraging and using local resources; Providing benefits, employment and services to local people - In economic terms, promoting forward and backward linkages and positive externalities; Strengthening and using local institutions, and; Increasing local environmental resilience and sustainably exploiting environmental resources;
This is the development challenge addressed by UNCDF’s Local Development Finance Practice (LDFP) that works primarily with Least Developed Country governments to:
This work is carried out through country portfolios negotiated and implemented together with LDC government partners and UN System Agencies. It is also supported by global programmes in Women’s Economic Empowerment, Resilience to Climate Change, Municipal Finance and Project Finance. Additional relevant thematic areas for local development finance include food security, agriculture, water and energy and local economic development.
To promote and support transformative investments through local governments and domestic banks in LDCs, LDFP designs, pilots and tests out financing mechanisms and business models in both public and private sectors that support locally designed public investments and revenue generating capital investment projects. The investment financing toolboxes of UNCDF’s LDFP include Fiscal Decentralization, Local Development Funds for public capital investment programming, Structured Project Finance, Municipal Finance, SME Finance, and Public-Private Partnerships. To ensure the selected investments meet both financial and thematic impact requirements, according to measurable indicators, the LD Dual Key Investment Committee was established in 2017 to provide oversight on the investments and support the decision-making process on the financial and development impact credibility and sustainability.
Duties and Responsibilities
Advocacy & Activations
Sustainable Development Goals
Collaboration & Partnerships
Required Skills and Experience
Interested candidates must submit the following documents/information to demonstrate their qualifications. Proposers who shall not submit below mentioned documents will not be considered for further evaluation. (Note: the system does not allow multiple uploads of documents. Applicants must make sure to upload all documents in one PDF file).
If an Offeror is employed by an organization/company/institution, and he/she expects his/her employer to charge a management fee in the process of releasing him/her to UNCDF under Reimbursable Loan Agreement (RLA), the Offeror must indicate at this point, and ensure that all such costs are duly incorporated in the financial proposal submitted to UNCDF.
When applying for this consultancy position, the Offeror must apply with his/her official name as shown in the government issued identification document (e.g. passport and/or driver license). Contract award is subject to this verification;
Failure to submit all the below mentioned documents may result in rejection of the application.
Applications will be rated on both technical and financial submissions. The following selection method will be used: Highest rated proposal using the combined scoring method, which assigns the weight distribution between the technical and financial proposals. The overall combined score will be 100 points, where weight distribution shall be 70% technical (Desk Review) and 30% financial.
Step I: Screening:
Applications will be screened and only applicants meeting the following minimum criteria (listed under education and experience) will progress to the pool for shortlisting:
Step II: Shortlisting by Desk Review (100 points X 70%X70%)
UNCDF will conduct a desk review process to shortlist and technically evaluate candidates as per the following criteria:
Education requirements and association with relevant publications/articles/written reports/journals (5 points)
Motivation for applying for the job (10 points)
Proven Experience in investments impact assessment, measurement and reporting including setting of KPIs, M&E frameworks, and quality assurance. (30 points)
Proven working experience in development finance or Impact Investing (25 points)
Proven experience in knowledge management, data mapping, impact and trends analysis, policy interpretation and investments recommendations. (25 points)
Proficiency in English (Speaking, Listening, Writing) (3 points)
Working knowledge of French would be an Asset (2 points)
Only candidates obtaining a minimum of 70% on the total of Step II: Desk Review will be considered as technically qualified and will be called for an interview.
Step III: Interview (100 pointsX70%X30%)
A virtual interview will be conducted to candidates qualifying from step II above.
Only candidates obtaining a minimum of 70% on the total of Step II and III will be considered as technically qualified and will be reviewed further for financial evaluation.
Step IV: Financial Evaluation:
The following formula will be used to evaluate financial proposal:
Lowest priced proposal/price of the proposal being evaluated x 30%.
The Price proposal must be submitted as an inclusive daily fee in USD.
Issuance of Individual Contract (IC)
An Individual Contract will be issued to the successful candidates whose offer has been evaluated and determined as:
Both individual consultants and individuals employed by a company or institution are welcome to apply.
Any individual employed by a company or institution who would like to submit an offer in response to a Procurement Notice for IC must do so in their individual capacity (providing a CV so that their qualifications may be judged accordingly).
Women candidates or women-owned businesses are strongly encouraged to apply.
UNCDF 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.
Individual Consultants are responsible for ensuring they have vaccinations/inoculations when traveling to certain countries, as designated by the UN Medical Director. Consultants are also required to comply with the UN security directives set forth under dss.un.org.
Extension of Contract: This contract has a duration until 31 December 2021. However, the need for the services described in this TOR will likely continue. Before 31 December 2021, a new selection process may be undertaken for the same services following the procedures appropriate for an International Personnel Services Agreement (IPSA), which is a different contract modality. You can learn more about the new IPSA here: https://info.undp.org/gssu/_layouts/15/WopiFrame.aspx?sourcedoc=/gssu/SiteAssets/PSA/IPSA/Individual%20Contractors/1-FAQs%20-%20IC.docx&action=default .
Consultants that will be selected for this selection process may apply for the new IPSA selection process that will be launched in 2022. However, UNCDF does not and cannot guarantee that the remuneration under the IPSA will be the same as the fees that will be paid under this IC, given that IPSA has a different fee scale.
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