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Municipal Credit Academy Consultants (IC Framework Agreement)
|Advertised on behalf of :|
|Application Deadline :||19-May-21 (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 :||1 year (IC framework agreement, based on call-offs)|
|Expected Duration of Assignment :||3 year (IC framework agreement, based on call-offs)|
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.
The UN Capital Development Fund makes public and private finance work for the poor in the world’s 47 least developed countries (LDCs). UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development. It focuses on Africa and the poorest countries of Asia and the Middle East, with a special commitment to countries emerging from conflict or crisis. Within its economic development mandate UNCDF specializes in public and private financing mechanisms that catalyze economic growth and make it more inclusive and sustainable.
UNCDF’s Local Development Finance team aims to be a ‘centre of excellence for local government finance and local economic development finance’. In this context it works with cities and local governments to support the financing of their capital investment plans and to design and test financing solutions. This work often involves policy and regulatory reform in conjunction with the appropriate agencies including ministries of finance and central banks. As part of this work UNCDF and its partners sponsored a third party managed fund - the International Municipal Investment Fund (IMIF) to support cities and local governments (notably municipalities in developing countries including the least developed countries) in accessing national and international capital markets. IMIF will provide cities and local governments with reimbursable funds to finance investment projects and programmes of general interest.
In order to support local governments to prepare projects to bankability, UNCDF has constituted a Technical Assistance Facility for the IMIF, which is managed by the Local Development Finance team. Known as the IMIF TAF this facility is comprised of technical advisors, investment officers and municipal finance experts. The IMIF TAF utilizes UNCDF’s proven Local Finance Initiative Dual Key investment process to support the local governments in developing countries prepare projects based on the technical capacity required.
In this context, UNCDF is launching a procurement process for IC framework agreement in order to retain experts in municipal credit assessment, rating, advisory and training. The basic support will include to train municipal officials on the credit enhancing activities, support the assessment of the unofficial credit rating, and also support the UNCDF staff of IMIF TAF activities. The set of skills in demand for this consultancy include experience in municipal public finance and its effect on the credit worthiness of the municipality. The consultants should also have experience on municipal investment financial instruments: debt, equity, PPP and bond instruments. The consultants will complement the work of the diverse IMIF TAF Investment Officer team to undertake technical and financial due diligence, confirm bankability and development of an investment ready packages of municipal infrastructure investments.
Selected Municipal Credit Academy Consultants will be reporting to the Municipal Investment Finance Manager, based in New York.
After a competitive selection process, IMIF-TAF will rank applicants under the qualification and specifics of this Terms of Reference and will call upon the Consultants to engage with IMIF-TAF based on their ranking, regional and country presence and availability.
Selected roster applicants are expected to work remotely, with travels to the project sites, most of which are in the Developing Countries. Selected consultants must be fully reachable via Internet, email and telephone. The consultants must possess the necessary communication facilities at their own premises. The consultants will be expected to provide updates to the LD management if requested.
Duties and Responsibilities
The scope of work will include:
Note: By “academies”, these terms of reference mean highly specialized, structured, customized, and intensive training activities. The expression is intentionally drawn from the training activities rolled out by the World Bank on the same topic (“City Creditworthiness Academy”).
Under the direction of Municipal Finance Advisor in HQ, the Consultant will perform the following responsibilities.
Design, conduct, and support Creditworthiness training academies to municipal officials through the IMIF TAF. The academies will result in the assessment of creditworthiness of municipalities. (50%)
Review the current operational strategy that IMIF TAF is using to select cities that can receive technical assistance (20%)
Provide specialized project or general obligation based advisory services that will lead to improvement of the credit worthiness of the specific municipal investment projects (10%).
Capacity building and knowledge transfer of UNCDF Investment Officers on the areas of municipal creditworthiness (20%).
Output Documents – per selected project
Duration of the assignment
Required Skills and Experience
Required Skills and Experience
This assignment needs a bilingual candidate. Fluency in English is necessary and one of the following languages: French, Spanish, Arabic, and Portuguese.
Home Based with physical presence in East and West Africa, ASEAN countries and other MIF project’s countries.
If travel is required in a specific call-off, UNCDF will pay separately travel expenses (economy airfare, terminal expenses and per diems which include hotel and food expenses) in accordance with UNCDF rules, and which may be equal or lower but not higher than UN rates, based on evidence of approved and actual travel.
Individual consultants will be evaluated based on a “Lowest-priced among technically qualified candidates”.
Interested consultants 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.
Applications will be rated on both technical and financial submissions. The following 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.
Duly accomplished Letter of Confirmation of Interest and Availability and Financial Proposal (do not upload your financial proposal online.) The financial proposal should be emailed separately to email@example.com with the subject line: 98793 – Municipal Credit Academy Consultants (IC Framework Agreement).
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%)
UNCDF will conduct a desk review process to shortlist and technically evaluate candidates as per the following criteria:
1. Previous experience in development and execution of municipal credit assessments, training and advisory transactions. (25 points)
2. Experiences in conducting credit improvement advisory services to projects in developing countries. (25 points)
3. Track record of providing capacity building and technical support to project teams or their advisors on infrastructure projects – development, structuring, risk mitigation and financing. (20 points)
4. Demonstrated track record of innovating in the above credit improvement advisory services during project development. In order to improve, acquiring financing as needed to secure private sector investment. (20 points)
5. Demonstrated the ability to successfully interact with individuals of different cultural backgrounds which include willingness to try and understand and be tolerant of differing opinions and views. (5 points)
6. Fluency in English and one Additional language. (5 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 reviewed further for financial evaluation.
Step III: 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.
Step IV: Short interview
Step V: Placement on Roster and Issuance of Individual Contract
LTA awards shall be made to candidates whose offers have 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 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.