Result of Service

Outputs: 1. Draft research plan including data gathering methods and interview questions/list. Deliverables: 1. Draft document – Delivery Date: 31 MAY 2025 Outputs: 2. Revised Roadmap outline. Deliverables: 2. Update document based on ESCAP’s draft outline – Delivery Date: 31 MAY 2025 Outputs: 3. Draft Sustainable Finance Roadmap – Delivery Date: 30 JUNE 2025 Deliverables: 3. Draft roadmap and annexes 4. Records of interviews (notes) 5. Data analysis and raw data (as required) Outputs: 4. Validation workshop – Delivery Date: 31 October 2025 Deliverables: 6. PPT 7. Workshop outcomes report/recommendations for revision Outputs: 5. Final Sustainable Finance Roadmap Deliverables: 8. Final roadmap report including annexes – Delivery Date: 30 November 2025 Outputs: 6. Action Plan for the Roadmap Deliverables: 9. Detailed action plan – Delivery Date: 31 December 2025 Performance indicators for evaluation of outputs. • Punctuality of submissions • Demonstrated expert knowledge of the subject area • Quality of analysis and recommendations

Work Location

Work Remotely

Expected duration

23 April 2025 to 31 December 2025

Duties and Responsibilities

1. Purpose United Nations ESCAP’s project titled ‘Strengthening financing frameworks for climate action in Tajikistan’ works to increase the knowledge, capacity and regulations of Tajikistan institutions to increase the flow of climate finance. In 2024, ESCAP partnered with the Agency for Securities Market Development and Special Registration to undertake a comprehensive analysis on green financing options and associated policies and mechanisms, with particular focus on the development of a thematic bond market. Based on this research, the Agency has requested ESCAP’s support in the development of a Sustainable Finance Roadmap. The Roadmap is designed to lay out the action plans of the Agency to promote sustainable finance across capital markets in Tajikistan. This Roadmap focuses on the transition to a low-carbon economy within the mandate of the Agency. The focus will be particularly within debt capital markets, including thematic bonds and sukuk. Particular attention will be paid on the existing regulatory and legal frameworks, as well as planned actions by the Agency and the Ministry of Finance relating to capital market development, including potential sovereign thematic issuances. In addition, the Roadmap will include a dedicated Chapter on project pipeline development. The analysis will also assess financing gaps and barriers where incentives within current regulations can support the flow of capital towards climate finance initiatives. The Sustainable Finance Consultant will be responsible for analysing and documenting the current state of sustainable finance in Tajikistan, identifying and addressing barriers to investment-ready projects, assessing policy and financing gaps and developing a roadmap to advance Sustainable Finance within Tajikistan’s securities market, including action plans, recommendations and annexes. 2. Objective. Under the supervision of the Economic Affairs Officer of ESCAP’s Financing for Development Section, Macroeconomic Policy and Financing for Development Division, the consultant will: 1. Review ESCAP study on green financing options in Tajikistan and undertake a desk review of the key financial regulations, policies, circulars and associated information on Tajikistan’s securities market, sustainable finance initiatives in the country (e.g. NDC financing action plan) and associated risks which may impact investors relating to climate investments. Documenting the current state of sustainable finance in Tajikistan. 2. Undertake interviews, surveys and data gathering and analysis to identify structural barriers and policy gaps. This includes the identification of barriers to investment-ready projects. This also includes a stocktake of the current government and corporate bond market, subject to data availability. 3. Analysis of potential incentives that could be introduced in Tajikistan in line with the mandate and capacities of Tajikistan institutions. 4. Draft the comprehensive Sustainable Finance Roadmap in close coordination with the Agency. This includes the establishment of working groups which will act as a feedback mechanism in the drafting process as well as the implementing team of the roadmap once it is agreed. 5. In collaboration with the Agency, draft action plans and relevant annexes to the roadmap that will allow the roadmap to be operationalized. 6. Annex which assesses the current regulations for the private sector and investors to issue green deals within Tajikistan capital markets. 7. Moderate and facilitate a stakeholder validation workshop to support the Sustainable Finance Roadmap finalization.

Qualifications/special skills

Master’s degree in Finance, Environmental Studies, Economics and/or Business. At least 7 years of experience and a master’s degree in Finance, Environmental Studies, Economics and/or Business. Strong expertise in sustainable finance and Tajikistan’s securities market sector and financial regulations. Strong experience in undertaking policy/regulatory analysis. Experience supporting the development of similar roadmaps and plans with governments in the past.

Languages

Fluency in English is required.

Additional Information

Not available.

No Fee

THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, OR TRAINING). THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON APPLICANTS’ BANK ACCOUNTS.