Specialist Consultant for Debt for Climate/nature - Quito, Ecuador - Global Green Growth Institute

Global Green Growth Institute

Empresa verificada

Quito, Ecuador

hace 1 semana

Publicado por:

María José Romero

beBee Recruiter

Descripción

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.

GENERAL INFORMATION:

Duty Station: Quito, Ecuador
Contract Duration: (21) March 2024 to (08) August 2024

Estimated Work Days: 100 days

Consultant Level: Level 5
Deliverablebased or daily rate: Deliverablebased

PROJECT BACKGROUND:

GGGI has a diverse portfolio of programs in developing countries around the world.

These in-country programs, together with global products and services, focus on delivering results through an integrated approach of evidence-based green growth planning and implementation aligned to countries' development priorities.

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 the Ministry of Economy and Finance (from now on referred to as MEF) and the Ministry of Environment, has embarked on an ambitious effort to increase the mobilization of international climate finance and private investments for a climate resilient and low-carbon development.

The Green Climate Fund's (from now on referred to as GCF) project called "Mobilization of international climate financing and private investments for climate-resilient and low-carbon development in Ecuador" will help Ecuador in achieving its goals.

The primary outcome of this project is that the GCF recipient country; Ecuador, has developed or enhanced its strategic frameworks to address policy gaps, improve sectoral expertise, and enhance enabling environments for GCF programming in low-emission investment.

The baseline to this outcome is that the Ministry of Environment, Water and Ecological Transition (from now on referred to as MAATE), the Interinstitutional Climate Change Committee (from now on referred to as CICC) and the Institutional Committee for Thematic Financing (from now on referred to as CIFST) face challenges to fulfil their mandate of coordinating and overseeing climate finance efforts due to: i) limited technical and institutional capacity; ii) lack of frameworks for the implementation of innovative sustainable finance instruments.

Thus, the primary target is that MAATE, CICC and CIFST have enhanced capacity to fulfil their mandate through; i) enhanced technical capacity; ii) sustainable finance instruments frameworks: Debt for Climate Swap mechanism.

The objective of these Terms of Reference is to hire a consultant focusing on analysing, structuring, and implementing the Debt for Climate/Nature Swap mechanism of the government of Ecuador.

OBJECTIVES OF THE ASSIGNMENT:

The main objective is that the Debt for Climate/Nature Swap transaction is formally defined and institutionalized in the Government of Ecuador public debt strategy and plans.

To achieve this objective, the consultant shall provide at least four regulations ready to be implemented when approved by the relevant ministries and/or other government actors, so they become official national regulations.

The consultant shall carry out the following:

Reviewing Ecuador's public debt policy to identify regulatory, Standard Operating Procedures (SOP) and governance gaps hindering the implementation of debt for climate swap operations.
Convening and organizing five roundtables with strategic stakeholders i.e. MEF, CISFT, MAATE, MPCEIP, MREMH to validate regulatory barriers/gaps and proposed recommendations.
Develop SOP and regulatory recommendations for the formal inclusion and regulation of debt for climate swap operations in Ecuador's public debt policy.

This activity will consist in the development of legal instruments defining:

Relevant actors involved in the transaction; Roles and responsibilities; Step by step process; Decision making criteria; Use and monitoring of funds; Timeline of implementation of Swap transactions.

Establishing a governance mechanism, and monitoring, and reporting system in the form of regulation to ensure governance and transparency in the use of debt for climate swap proceeds.

SCOPE OF WORK - DELIVERABLES:

Deliverables / Activities

Deliverable 1:

Prepare a Work Plan of the activities to undertake under the assignment tied to the specific objectives mentioned above. The Work Plan should include a timeline of main activities, methodology, milestones, validation meetings with GGGI, and description of final deliverables. The Work Plan should include the scheduling of meetings with the relevant stakeholders and their respective legal teams.
Report: Debt for Climate/Nature Swap regulatory review.

Deliverable 2: