NICARAGUA: CAPACITY DEVELOPMENT PLAN - FINANCIAL INSTITUTIONS OF THE GOVERNMENT

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. 

• Barrier 1: Limited institutional, governance and planning capacity of the SCCP, MHCP, BCN and SIBOIF to integrate environmental, social and climate change considerations into financial planning and debt instruments.
• Barrier 2: Local financial institutions’ limited capacity to integrate environmental, social and governance standards into their systems, processes and instruments hindering access to finance for low-carbon projects and enterprises.

The proposed Readiness grant tackles identified climate finance barriers supporting the Government of Nicaragua develop strategic frameworks to enhance access to international climate finance, and promote private sector investments in mitigation and adaptation plans by:

1. Developing Nicaragua´s National Climate Finance Roadmap to plan, enable and guide the access and use of domestic and international climate finance.
2. Supporting Nicaragua’s capital market´s readiness assessment and advancing go-to-market activities for a sovereign green bond issuance and debt for climate swap transactions to raise affordable long-term finance earmarked to climate change adaptation and mitigation projects and programs.
3. Greening Nicaragua’s banking sector by providing technical assistance to regulators and local financial institutions to integrate environmental.

OBJECTIVES OF THE ASSIGMENT

Hire a consultant to Strengthen the technical capacities of officials of the financial institutions of the Government of Nicaragua on issues of climate finance, good practices in sustainable banking, and green financial instruments.

The consultant must adapt and implement a training plan that involves conceptual and practical aspects of climate finance, framed within the mechanisms of the United Nations Framework Convention on Climate Change (UNFCCC) and the Nicaraguan context and national priorities.

The training plan will be implemented through seven training workshops.

Specific objectives:

1. Review of diagnosis and recommendations on sustainable banking, surveys and documentation of the Climate Finance Mobilization project, provided by GGGI.
2. Review of the teaching material on sustainable banking, provided by the GGGI technical team.
3. Updating and adaptation of the training curriculum, structured in seven modules, each lasting no more than 4 hours. The plan should be updated taking into consideration the results of diagnoses, recommendations, surveys and documentation of the GGGI project and good practices at international level on sustainable banking (ESG) and the economic, social and environmental benefits of its implementation.
4. Design and application of a pre- and post-training survey, based on the curriculum to be implemented.
5. Development of case studies on climate finance management, using the Green Climate Fund's concept note formats.
6. Elaboration of a methodology for carrying out the workshops that includes the teaching techniques and dynamics, the selected materials and a proposal for scheduling.
7. Seven face-to-face workshops will be held at the Olof Palme Convention Centre or at the place of its own choosing, according to the previously agreed calendar.
8. Preparation of a report summarizing the main results of capacity building.
9. Other activities that contribute to capacity building.

DELIVERABLES AND PAYMENT SCHEDULE

• Consultancy work plan including timeline.
• Methodological training plan for the workshops, including the teaching techniques and dynamics, the selected materials and a proposed schedule. Also, the questionnaire for the pre- and post-training survey.
• Interim training report, starting from the third training event.
• Report summarizing the main results of capacity building including pre and post training survey.

PAYMENT AND DELIVERY SCHEDULE

Payment

Deliverables

Target Completion

Amount (% over total fee)

1

Consultancy work plan including timeline.

May 29

10%

2

Methodological training plan for the workshops, including the teaching techniques and dynamics, the selected materials, and a proposed schedule. Also, the questionnaire for the pre- and post-training survey.

June 10

30%

3

Interim training report, starting from the third training event.

July 05

30%

4

Report summarizing the main results of capacity building including pre and post training survey.

July 31

30%

Deliverables will be considered approved and payable once approved by the GGGI Project Manager and the GCF Nicaragua Designated National Authority.

EXPERTISE REQUIRED

Required:

• Must be a Nicaraguan citizen or foreigner who can reside and work in Nicaragua with a valid work permit.
• Master's degree in business administration, economics, engineering, financial laws, banking and finance, specialization studies in climate finance, environmental management, sustainability applied to business, companies, banks, national financial institutions, development banking.
• Relevant and demonstrable general work experience of 8 years, in the financial sector or development banking, desirable experience in formulation, design and implementation of projects in the public and private financial sector, financial innovation projects, climate finance.
• Experience in public financial institutions, multilateral banks, fiscal policy management, public spending.
• Preferably, at least two years of consulting experience in international financial organizations, multilateral banking.
• Experience in climate finance, two to three years, preferably with GCF funds or similar organizations.
• Experience in Climate Change and sustainable development issues.
• Language required, Spanish and English, excellent writing skills and clear transmission of ideas.

ADMINISTRATIVE INFORMATION

The Consultant will be supervised by the Nicaragua GGGI Project Manager. The consultant's work progress will be monitored primarily through periodic review meetings.

Deliverable 1 - 4 must be written in English and Spanish, in accordance with GGGI's formatting requirements, and submitted with proof of editable file back-up (e.g., .docx, .pptx) in the GGGI SharePoint system. Where relevant, the Consultant shall also provide sets of raw data, research materials, and meeting notes related to the contractual objective.

The Global Green Growth Institute (“GGGI”) is committed to transparency, accountability, and openness in the organization. In case of any doubt, please refer to our Whistleblower policy in the link:

http://gggi.org/site/assets/uploads/2017/11/Whistleblower-Policy_02072015.pdf