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.

GGGI is seeking to hire a professional, hereinafter referred to as the “Consultant”, to coordinate the implementation of GGGI GCF Readiness project in Nicaragua. The Consultant will be responsible for coordinating all activities of the Readiness project with state entities, GGGI, stakeholders and other project consultants.

The Consultant will be responsible for supporting the correct implementation of the project, following the Project schedule as reflected in the project document, in close collaboration with MHCP (NDA) and GGGI. The Consultant will ensure that all deliverables are of good quality and validated with government counterparts, in compliance with the NDA’s, GGGI’s and GCF’s policies and procedures.

PROJECT BACKGROUND

Nicaragua relies on concessional international climate finance from development partners to finance its development and climate change objectives. However, the achievement of Nicaragua’s NDC targets requires a substantial increase in the volume of public and private, national and international climate finance invested in the country. The significant investment and efforts required for Nicaragua to implement its development and climate change plans risks being hampered by the 2018 attempted coup, the impact of the COVID-19 pandemic and Hurricane Eta y Iota, which hit the country, almost simultaneously, after a prolonged period of high debt-financed public infrastructure investments, deteriorating the country’s economic outlook, shifting priorities towards economic recovery, and reducing fiscal and policy space to pursue priority climate change initiatives. Although international climate finance offers some relief to the country´s growing debt to GDP ratio, the decreasing level of international aid and limited private sector participation in the country’s development agenda undermines the long-term sustainability of this fiscal approach.

As a result of the limited fiscal space and decreasing ODA resources, the Government of Nicaragua is facing the necessity and challenge of increasing access to international climate finance and private sector contribution to the country’s NDC targets, with two main barriers limiting progress:

• 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.

GGGI is seeking to hire a professional, hereinafter referred to as the “Consultant”, to coordinate the implementation of GGGI GCF Readiness project in Nicaragua. The Consultant will be responsible for coordinating all activities of the Readiness project with state entities, GGGI, stakeholders and other project consultants.

The Consultant will be responsible for supporting the correct implementation of the project, following the Project schedule as reflected in the project document, in close collaboration with MHCP (NDA) and GGGI. The Consultant will ensure that all deliverables are of good quality and validated with government counterparts, in compliance with the NDA’s, GGGI’s and GCF’s policies and procedures.

The Consultant shall be the Project Coordinator. In this capacity he/she will perform the following activities:

• • Coordination of GGGI GCF Readiness.
  • Support the project initiation phase, including engagement and introduction to government counterparts, establishment of local team, mapping of partners and stakeholders.
  • Coordinate with government institutions (MHCP,SCCP and MARENA) and other relevant actors (consultants (consultants, private sector, etc.) for the implementation of project activities.
  • Organize meetings and/or technical workshops at the national level to receive feedback from stakeholders and incorporate their suggestions into project activities.
  • Follow up on the preparation of the deliverables of the consultancies to be implemented as part of the project to ensure their quality and delivery according to schedule.
  • Support GGGI in the negotiations with Government entities on matters related to the GCF Readiness implementation, as well as future resource mobilization opportunities.
  • At the end of the assignment the consultant shall submit the Final Report which should reflect the outcome of all activities prepared by the consultant. The report should also give recommendations for further activities to be carried out in order to secure a long term sustainable development of the measure.

The description of required expert may be split into following parts:

• Advanced degree in public administration or similar
• At least 10 years of experience working with the Government of Nicaragua on areas related to public finance or sustainable development
• At least 5 years of project management and coordination experience
• Knowledge of Nicaragua’s climate change agenda, policies and targets
• Knowledge of the GCF, its policies and processes
• Knowledge of English and Spanish

The consultant will report to the Project Manager and the Nicaragua GCF NDA in the Ministry of Finance and Public Credit (MHCP Spanish ).

During the first week of assignment the consultant will define the reporting arrangements of the consultancy, in consultation with the NDA and the Project Manager.

The consultant may be required by either the NDA or Project Manager to work within the premises of the Ministry of Finance and Public Credit , for the days of the consultancy.

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.