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.
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:
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:
Hire a consultant to Strengthen the technical capacities of officials of the Nicaraguan financial system on sustainable banking.
The consultant must adapt and implement a training plan aimed at officials of the Nicaragua financial sector, which involves conceptual and practical aspects of sustainable banking, which allows banks to play a fundamental role in the integration of climate change in long-term financing and social and environmental safeguards and in credit risk assessment.
The training plan will be implemented through seven training workshops, in accordance with the context of Nicaragua’s financial system, the regulatory framework of the Superintendency of Banks and Other Financial Institutions (SIBOIF) and the National Microfinance Commission (CONAMI).
Specific objectives:
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.
Required:
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.
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http://gggi.org/site/assets/uploads/2017/11/Whistleblower-Policy_02072015.pdf
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