ECUADOR: SUSTAINABLE FINANCE CONSULTANTINTRODUCTION TO GGGIThe 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 web page.
GENERAL INFORMATIONProject: EC007Duty Station: Quito, EcuadorContract Duration: (1) April 2024 to (31) Ene 2025Number of Workdays Estimated (internal purpose only): 180 (full time)Consultant Level: Level 4Deliverable-based or daily rate: Daily rateFee code: EC-GT2024 POSITION SUMMARY GGGI is seeking an experienced Sustainable Finance Consultant based in Quito, Ecuador. The Sustainable Finance Consultant will assist in the structuring of various sustainable finance instruments for the government of Ecuador. The Consultant will coordinate the engagement with stakeholders and the implementation of the sustainable finance products, under the technical leadership of GGGI staff members.
The Sustainable Finance Consultant will be responsible for providing technical assistance to develop and deliver sustainable banking inputs targeting to the systematization, evaluation, facilitation and financial analysis for transactions.
PROJECT BACKGROUND The achievement of Ecuador's NDC targets requires a substantial increase in the volume of public and private, national and international climate finance invested in the country.
As a result, the Government of Ecuador under the leadership of MEF has embarked on an ambitious effort to increase the mobilization of international climate finance and implementation of innovative sustainable finance instruments to support a climate resilient and low-carbon development of the economy.
OBJECTIVES OF THE ASSIGNMENT The objective of this consultancy is developed and promote the institutional capacity for Ecuador Ministry of Economy and Finance and support the analysis, documentation, design, construction, and implementation of various sustainable/green financial instruments in Ecuador.
**Specific Objectives: Assist the Ministry of Economy and Finance in developing, structuring, negotiating, and implementing complex sustainable finance instruments.Building the institutional capacity of Ministry of Economy and Finance to integrate environmental, social and climate change considerations into public debt instruments, financial planning and regulation.Accelerating access to the Green Climate Fund. SCOPE OF WORK Prepare a Work Plan of the activities to undertake under the assignment.The Work Plan should include a timeline of main activities, methodology, milestones, validation meetings, final deliverables description and the scheduling of capacity building workshops.Supervise sustainable finance consultants within GGGI MEF team.Review of policy and regulatory provisions for sustainable finance instruments such as debt for nature/climate swaps.Organize, participate, and facilitate meetings with relevant stakeholders relevant to the sustainable finance instrument in question. The consultant is responsible for writing meeting minutes for all meetings in which the consultant participates.Read and revise documents relevant to the sustainable finance instrument in question. In some cases, the consultant will be asked to produce executive summary reports and PowerPoint presentations for MEF authorities based on the documentation shared with the consultant.Assist MEF in all tasks assigned by the authorities regarding the sustainable finance instruments in question.Lead the technical visits to the selected places for information gathering.Provide technical assistance as required related but not limited to negotiation, analysis, recommendations on the sustainability agreements, creation of the transaction term sheet and the environmental trust fund.Support the growth and development of green finance products.Lead the development of the final report with the consultancy team. Systematize all collected information, annexes, meeting minutes, etc. and consolidate it in a Final Report. The Final Report will be a technical paper which will describe the transaction in detail and will serve as an input for government records, thus must be approved by GGGI and MEF. COORDINATION AND COMPLIANCEThe consultant must sign a confidentiality agreement with the Republic of Ecuador.All relevant technical papers, reports, and other documents prepared from the start to the end of the assignment shall be attached in a final Report and must be included in a digital repository for GGGI in which all collected information will be systematizeThe consultant will make the best use of both primary and secondary sources of information to develop activities defined under the contract objective.The consultant selected must dedicate 100% of his/her time to this process. Therefore, it is forbidden to consider other consultancies during the contract period.This position will require a near full-time on-site presence at the MEF at least 4 out of 5 (80%) days of the working week.The consultant will work closely with GGGI staff to ensure the goals of this consultancy, and he/she will also be responsible for reporting their progress to the GGGI supervisor.The consultancy budget stated below includes the costs of transportation and accommodation, and necessary resources for field studies in the selected places.Total fee amount for this service is a lump sum. EXPERTISE REQUIRED Master's degree or equivalent combination of educational in finance, environmental finance or any related relevant education.At least 8 years of relevant work experience and 3 in sustainable finance or sustainable projects.Prior experience working in debt for nature swaps is a plus but not required.Knowledge of sustainable finance in the Ecuadorian context.Investment banking experience is a plus but not required.Full English proficiency (C1 or TOEFL) is required. KNOWLEDGE AND SKILLS Knowledge of statistical analysis tools.Skills in working with multidisciplinary groups.Negotiation, promotion, and conflict resolution skills.Syntaxy and redaction proficiency ADMINISTRATIVE INFORMATION Request: GGGI Aplication form, CV and cover letter Selection method/process: competitive Timeline of selection : 15 days 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.
