NATIONAL SUSTAINABLE FINANCE CONSULTANT
Please note that the deadline is based on Korean Standard Time Zone (KST, UTC+9)
INTRODUCTION TO GGGI
The Global Green Growth Institute (GGGI) is a treaty-based international, inter-governmental organization dedicated to supporting and promoting strong, inclusive and sustainable economic growth in developing countries and emerging economies. To learn more please visit about GGGI web page.
In 2023, with the support of the Government of Luxembourg, GGGI established the Global Trust Fund (GTF) on Sustainable Finance Instruments: Scaling up Thematic Bond Markets in Developing Countries, which aims to mobilize capital market financing for climate and sustainable development objectives. Under this program, GGGI provides policy, capacity-building, and transaction-level support to sovereign and sub-sovereign issuers to develop and issue thematic bonds aligned with international standards, including the ICMA Green, Social, and Sustainability Bond Principles.
Under the GTF, GGGI is implementing the Tajikistan Sustainable Bond Issuance Program, which aims to support the Ministry of Finance of the Republic of Tajikistan in issuing the country’s first sovereign/quasi-sovereign thematic bond. Tajikistan has adopted key national strategies, including the Green Economy Development Strategy (2023–2037) and the National Adaptation Strategy (up to 2030), but faces constrained fiscal space, nascent capital markets, and limited institutional capacity for structuring and implementing thematic bond instruments.
Recent regulatory reforms adopted in 2024 now enable sovereign/quasi-sovereign thematic bond issuance aligned with international best practice. Building on earlier feasibility work led by the UN Resident Coordinator Office (UNRCO) and the UNESCAP, and in coordination with the Luxembourg Stock Exchange, GGGI has been formally invited to act as the principal technical delivery partner for full-cycle sovereign/quasi-sovereign thematic bond support in Tajikistan.
This consultancy will be implemented in close coordination with the Agency for Securities and Special Registration of the Ministry of Finance, the UN Resident Coordinator Office in Tajikistan, and other relevant national stakeholders. The Consultant will serve as the national coordination focal point, supporting government-led processes and facilitating structured engagement between national institutions, GGGI, and the UN system.
OBJECTIVES OF THE ASSIGNMENT
The overall objective of the assignment is to support the coordinated implementation of the Tajikistan Sustainable Bond Issuance Program by facilitating government engagement, inter-institutional coordination, and timely delivery of program outputs across the pre-issuance, issuance stage.
Specific objectives include:
- Support the Agency of securities and special registration of the Ministry of Finance in coordinating inter-ministerial and inter-agency processes related to sovereign/quasi-sovereign thematic bond issuance.
- Facilitate structured coordination between the Ministry of Finance, Agency of Securities and Special Registration Ministry of Finance of the Republic of Tajikistan, UNRCO, GGGI, and other development partners. Support organization of the regular coordination meetings.
- Support the Agency of Securities and Special Registration to coordinate national inputs for the development of Tajikistan’s Sovereign/quasi-sovereign Thematic Bond Framework.
- Support preparatory processes for issuance, including investor outreach logistics for the Ministry of Finance, Agency of Securities and Special Registration Ministry of Finance of the Republic of Tajikistan;
- Support national and regional knowledge-sharing activities conducted by the GGGI and documentation of lessons learned.
- Provide continuous language facilitation support throughout the assignment, including supporting communication between GGGI, the UN Resident Coordinator Office, and national counterparts by facilitating interpretation and translation between English and local working languages, and ensuring that key technical discussions, coordination meetings, and written materials are clearly understood by all stakeholders.
DELIVERABLES AND PAYMENT SCHEDULE
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OUTPUT / DELIVERABLE |
PERCENTAGE OF MAXIMUM AMOUNT |
DUE DATE |
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1. Inception Note and stakeholder coordination and mapping note: Brief note outlining coordination methodology, , and implementation plan aligned with the Tajikistan Sustainable Bond Issuance Program. And a mapping of national stakeholders (MoF, Agency for Securities, line ministries, other government and non-government agencies such as private sector capital market participants), coordination mechanisms and existing regulations on capital market development in Tajikistan. |
15% |
Month 1 |
|
3. Framework Development Coordination Support: Consolidated coordination support for the development of Tajikistan’s Sovereign/quasi-sovereign Thematic Bond Framework, including facilitation of technical discussions, preparation of meeting summaries, and support for translation and language facilitation (as required) for framework-related consultations, technical inputs, and coordination exchanges with national stakeholders. At least five coordination meetings organized. |
25% |
Month 2-4 |
|
4. Capacity Building & Consultation Support: Coordinated organization of at least one national workshop and related stakeholder consultations, including workshop logistical support, preparation of invitations, consultation summaries, and language facilitation and translation support to ensure effective participation and understanding by national counterparts. |
25% |
Month 4-6 |
|
5. Issuance Preparation Support report: A report documenting the coordination support for SPO engagement provided, investor outreach logistics provided, along with other issuance readiness support |
20% |
Month 5 |
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6. Knowledge Sharing & Lessons Learned Note: Support the organization of one national knowledge-sharing activity, one study tour, and the preparation of a lessons learned note, including support for bilingual communication and translation of key messages and materials (as required) to facilitate broader dissemination and stakeholder uptake. |
15% |
Month 6 |
EXPERTISE REQUIRED
Education & Professional Experience
- Bachelor’s or Masters degree in Finance, Economics, Public Administration, Development Studies, or a related field. Advanced degree in a relevant field is an asset.
- At least 6 years of professional experience in public finance, sustainable finance, public financial management, development programs, or government coordination roles.
- Demonstrated experience working with ministries of finance or central government institutions.
- At least 2-3 years of experience in inter-agency coordination and stakeholder engagement, including experience with government ministries, regulatory agencies, international organizations (e.g., UN, multilateral development banks), private sector, and/or financial institutions
- Familiarity with sustainable finance instruments and capital market concepts is an asset.
Functional Competencies
- Strong coordination, facilitation, and stakeholder engagement skills.
- Ability to work effectively with high-level government officials and development partners.
- Strong organizational and documentation skills.
- Ability to manage multiple workstreams and meet deadlines.
- Strong written and verbal communication skills.
- Fluency in English and Tajik is mandatory, knowledge of Russian is a strong advantage
ADMINISTRATIVE INFORMATION
1) Interested consultants shall submit following documentations:
- CV
- Cover letter
2) Date to close is Korean Standard Time (KST). Applications submitted after the deadline will not be considered Application. Cover Letter, and CV must be sent in English. A consortium, or a firm may not be engaged for the individual consultant assignment.
Child protection – GGGI is committed to child protection, irrespective of whether any specific area of work involves direct contact with children. GGGI’s Child Protection Policy is written in accordance with the Convention on the Rights of the Child.