Papua New Guinea: Finance & Investment Specialist
Le Port | Port Moresby
- Organization: GGGI - Global Green Growth Institute
- Location: Le Port | Port Moresby
- Grade: Level not specified - Level not specified
-
Occupational Groups:
- Banking and Finance
- Impact investing, Social venture capital
- Closing Date: Closed
Papua New Guinea: Finance & Investment Specialist
Based in Seoul, the Global Green Growth Institute (GGGI) is an intergovernmental organization founded to support and promote a model of economic growth known as "green growth", which is low carbon, environmentally sustainable, climate resilient and socially inclusive. GGGI works with Member and partner countries around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. The organization partners with countries, multilateral institutions, government bodies, and private sector to deliver its vision and mandate through country and regional programs that are funded by donors.
PROJECT BACKGROUND
Papua New Guinea (PNG) is a founding member of GGGI, and the GGGI office in PNG was established in 2018 in Port Moresby and is based within the Climate Change and Development Authority (CCDA). CCDA is the National Designated Authority (NDA) to the Green Climate Fund (GCF). NDA is the official focal point between a country and GCF in terms of strategic priorities for financing low-emission and climate-resilient development across its economy. The NDA works closely with sectors and Accredited Entities to support the development process of climate-related projects that aim to access GCF funding either for mitigation, adaptation or both. GGGI is a Delivery Partner who has been working with the NDA since 2018 to deliver the GCF readiness and preparatory support project. These readiness projects serve to prepare countries like PNG to access climate finance from GCF. Recently, GGG has started a new GCF readiness project called “Strengthening NDA Capacity on Project Evaluation and Development of Climate Finance Strategy to Enhance Papua New Guinea’s Access to Climate Finance”. This GCF Readiness project will be implemented for 18 months starting in August 2022, and consists of four main outputs:
(i) NDA capacity is strengthened in areas relevant to the objectives of the GCF such as project and programme development, accounting, oversight, planning and monitoring and evaluation processes.
(ii) Readiness needs assessment is conducted; report prepared and validated.
(iii) National Climate Finance Strategy is developed.; and
(iv) Quality concept note is prepared and submitted to the GCF.
OBJECTIVES OF THE ASSIGNMENT
The Finance/Investment Specialist Consultant will be supporting CCDA and GGGI to deliver this readiness project especially in areas related to finance and investment. The consultant will be mainly responsible for building the NDA’s capacity on developing investment cases, financial modeling and financing instruments used to attract more climate finance, reviewing financial and investment aspects of GCF concept note and funding proposals, and contributing to the development of climate finance strategy.
DELIVERABLES AND PAYMENT SCHEDULE
Under the guidance of GGGI PNG Country Program team and the National Designated Authority which is CCDA, the Finance/Investment Specialist Consultant will work with the other consultants (GCF Liaison Specialist and Climate Change Specialist) to train and improve the capacity of the CCDA NDA unit, more specifically on GCF investment criteria. The specific outputs and deliverables to achieved by the consultant are:
Deliverables |
Deadline |
Payment |
Capacity needs assessment report with workplans submitted |
Within 1month of commencement of services |
10% |
3x Quarterly technical assistance reports completed and submitted, including a pre- and post-TA survey to assess improvement in NDA capacity |
1st report due at the end of December 2022 |
5% |
2nd report due at the end of April 2023 |
5% |
|
3rd report due at the end of August 2023 |
5% |
|
3x capacity building workshop reports prepared |
Workshop 1 to be completed by the end of October 2022 |
5% |
Workshop 2 to be completed by the end of January 2023 |
5% |
|
Workshop 3 to be completed by the end of April 2023 |
5% |
|
Program development process manual developed and submitted to NDA |
Within 12months of commencement of services |
18% |
Link to the program development process manual made publicly available on NDA and GGGI website submitted |
End of July 2023 |
2% |
Pipeline of priority projects/ideas and concept note selected for prioritization submitted |
End of April 2023 |
10% |
2x Capacity building workshops conducted and workshop report submitted with agenda and presentation materials, highlights of discussion, feedback and recommendations, and list of participants disaggregated by gender. |
Workshop 1 to be completed by end of October 2022 |
5% |
Workshop 2 to be completed by end of April 2023 |
5% |
|
At least one quality concept note submitted to the GCF |
End of August 2023 |
20% |
100% |
Total fee: USD 52,800 (subject to adjustment depending on candidate's credentials)
All reports must be in English (United States usage), prepared in accordance with GGGI's formatting requirements, and submitted in electronic format along with complete sets of raw data, research materials, and related information.
If the consultant is required by GGGI to travel on official business to a location other than the consultant's duty station, such travel will be at the expense of GGGI in accordance with GGGI's travel policy and guidelines.
EXPERTISE REQUIRED
The consultant must meet the following requirements:
- Advanced degree (Master’s or PhD) in economics, finance, business administration, climate change / environmental policy, engineering, or a related field.
- Minimum 8 years of progressively responsible international professional and consultancy experience in project / corporate finance, banks / microfinance institutions, or asset management and institutional/capacity development and training.
- In-dept understanding of and experience with the GCF- its investment criteria, GCF concept note, and funding proposal development and process is major asset.
- Understanding of renewable energy projects and proficiency in building financial models for such projects is an advantage
- Understanding of climate change issues and policy environment in PNG
- Strong analytical skills, ability to think strategically, analyze and synthesize diverse information.
- Ability to work with a range of stakeholders, including banks, non-bank financial institutions, capital markets authorities, microfinance institutions, government officials, project investors etc.
- Ability to communicate ideas clearly and confidently, articulate issues and recommend solutions.
- Good team player who can work as a member of a multi-disciplinary and multi-cultural team, motivate and lead group efforts and network effectively.
- Good command of spoken and written English
The followings documents are required as part of the consultant’s application (must be in English):
- Curriculum Vitae (CV)
- Cover letter
- Proposed one-page work plan, indicating applicant's understanding of the TOR and approach for the completion of the assignment
ADMINISTRATIVE INFORMATION
The following documents are required as part of the consultant’s application (must be in English):
- Curriculum Vitae (CV)
- Cover letter
- Proposed one-page work plan, indicating applicant's understanding of the TOR and approach for the completion of the assignment
Date to Close is Korean Standard Time (KST). Applications submitted after the deadline will not be considered. A consortium, or a firm may not be engaged for this 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.
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