Individual Consultant - Financing (Resource Mobilisation) and Risk Management Pl

Please note that the deadline is based on Korean Standard Time Zone (KST, UTC+9)

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.

PROJECT BACKGROUND
The Fiji Development Bank (FDB) is committed to supporting Fiji's transition towards a sustainable, low-carbon, and climate-resilient economy. Recognising the urgent need to address climate change and its associated impacts, FDB is enhancing its financial products to support electric mobility, renewable energy, and climate change adaptation initiatives. These enhancements are designed to expand access to financing for climate-aligned projects, with a particular focus on supporting vulnerable populations. This initiative is part of a collaborative project with the Global Green Growth Institute (GGGI), funded by the Agence Française de Développement (AFD), aimed at advancing sustainable finance solutions across key sectors.

FDB's strategic goal is to align its financing products with national development priorities and global commitments such as the Paris Agreement and the Sustainable Development Goals (SDGs). In this context, FDB is working alongside GGGI and with funding from AFD to expand its portfolio of climate-resilient loan products, making them accessible to individuals and businesses, including those from underserved communities.

The enhanced loan products will prioritise inclusivity, ensuring clear eligibility criteria that expand access to finance for vulnerable groups, including women, marginalised communities, and geographically isolated populations. This emphasis on equitable access is intended to reduce social and geographic disparities in financial services.

The development and enhancement of these products will follow a structured, collaborative approach, engaging key stakeholders, such as the Fiji Government, private sector entities, and other relevant market actors. Hence, the consultant will work as an integral member of the delivery team, building directly on the FDB Climate Finance Strategy enhancements and the product frameworks under development for electric mobility, renewable energy, and adaptation loans.

The market demand figures, pipeline data, and pricing assumptions generated by the other consultants will inform this assignment's financing demand analysis, treasury pricing model, and resource mobilisation roadshow. Conversely, the risk management tools, funding leads, and concessional capital structures will be looped back to the updated strategy to ensure each new loan product launches with a fully costed, FX-hedged funding plan.

Ultimately, FDB aims to establish itself as a leading institution in sustainable finance through market studies, alignment with national priorities, and the development of financially viable products, thereby driving real progress toward Fiji's environmental goals and supporting a more inclusive, climate-resilient economy.

OBJECTIVES
The primary objective of this assignment is to develop Financing and Risk Management Plans to strengthen the FDB's ability to mobilise, access, and manage climate finance while mitigating foreign exchange (FX) risks. Thus, the consultant will design financial models, identify viable domestic and international funding sources, and implement foreign exchange (FX) risk mitigation strategies to ensure the sustainability of climate-aligned investments. This plan will enhance the FDB's financial resilience, expand access to global climate finance, and provide structured risk management frameworks that support long-term institutional sustainability.

The plans will be developed collaboratively with key stakeholders, including FDB, the Fiji Government, development partners, commercial banks, and other private sector entities. They will be aligned with Fiji's national climate policies, the Green Climate Fund (GCF), the Adaptation Fund (AF), the Pacific Islands Climate Finance Access and Mobilization Strategy (2024-2030), and key international climate finance initiatives.

Specifically, the objectives include:

Developing a Risk Management Framework: This framework will identify and mitigate financial risks, including foreign exchange (FX) volatility, credit risk exposure, business risk, financial risk, and interest rate fluctuations, in climate-related lending. It will ensure that the FDB has a structured approach to managing Treasury and financial stability risks.
Strengthening FDB's Climate Finance Mobilization Strategy: Enhancing FDB's capacity to access concessional financing and technical expertise/advisory from international climate finance institutions, including the Green Climate Fund, Global Environment Facility, Adaptation Fund, and The Currency Exchange Fund (TCX), while ensuring alignment with global, national, and regional green financial priorities.
Aligning with Regional Climate Finance Initiatives: Integrating the plans with the Regional Programmatic Approach to Climate Action (RPACA) ensures that FDB's financing efforts are coordinated with broader regional climate investment strategies, including FX risk mitigation measures for Pacific nations.
Promoting Sustainable Development and Climate Resilience: Establishing green financial strategies and risk management frameworks to facilitate access to climate finance, support green investment, and reduce economic vulnerability to climate-related risks.
Enhancing FDB's Institutional Capacity and Market Position: Positioning FDB as a regional leader in climate finance by developing innovative financial products that expand access to concessional loans, green bonds, blended finance, and structured climate investment strategies.
SCOPE OF WORK AND TASKS
FDB, in collaboration with its development partners, intends to recruit a highly specialised consultant with expertise in Treasury, foreign exchange risk management, Financial Pricing Models, and Climate Finance to develop a Resource mobilisation and Risk Management Plan that supports FDB's climate finance expansion. The consultant will report to the Manager of Climate and Eco Finance (CEF) and collaborate with senior economists and investment officers from FDB, GGGI, and its development partners. The consultant must also regularly engage with FDB's policy, Treasury, credit risk, enterprise risk management, and sales teams.

Furthermore, the consultant will conduct weekly progress meetings with FDB's Climate and Eco Finance team and GGGI, providing updates on the pricing model, FX risk management strategy, and financial structuring recommendations. The consultant will also work closely with the Reserve Bank of Fiji (RBF), locally licensed Fijian Commercial Banks, and international partners such as TCX and GCF to ensure FX risk mitigation strategies align with Fiji's financial landscape and global best practices.

2.1.1 Financing Demand Assessment

Task:Quantify and produce a five-year demand projection for the three new climate-loan products being designed by the other consultant, which are related to green transport, renewable energy, and adaptation/resilience. This volume and demand projection should be disaggregated by gender and marginalised-group segments; the data should be used to apply sensitivity tests for interest rate and FX scenarios.

Deliverable: Financing demand report and supporting workbook showing annual volume projections, borrower profiles, average ticket sizes and price tolerance ranges.

Expected Output: Financing demand report detailing annual volume projections, borrower profiles and pricing-tolerance ranges.

2.1.2 Domestic Capacity and Financing Gap Analysis

Task:Model FDB's liquidity trajectory, capital adequacy headroom, and cost-of-funds against the demand curve and quantify the residual funding gap requiring external resources. This must encompass philanthropy, grants, and new funding sources beyond the money market, capital market, GCF, Adaptation Fund, ADB, FIs, and DFIs, among others.

Deliverable: Financing gap brief expressed by currency, tenor and risk tranche, and recommendations for balance-sheet optimisation. This must encompass the risk acceptance criteria, funding mix, product matching, and other relevant factors required by the identified external sources (philanthropy, grants, and new funding sources beyond the money market, capital market, GCF, Adaptation Fund, ADB, FIs, and DFIs, among others).

Expected Output: Financing gap brief quantifying FDB's self-financing capacity and the residual external funding need by currency, tenor and risk tranche.

2.1.3 Mapping External Capital Structures

Task: Identify viable structures to bridge the gap for:

(i) Foreign currency credit lines,

(ii) Loan guarantee facilities,

(iii) Debt guarantee structures via an FDB SPV.

Deliverable: Capital-Structure Options Paper summarising eligibility, indicative pricing, tenor, precedent transactions and required policy waivers. External funding sources should be prioritized. Some of these sources include the Bezos Earth Fund (Adaptation Window), the Sequoia Climate Foundation (Pacific Clean Transport Challenge), and the Rockefeller Foundation (Climate Gender Equity Facility), compared to GCF and Adaptation Fund benchmarks. The sources can include, but should not be limited to, these examples. Additionally, the sources should be aligned with FDB's priorities in the Pacific.

Expected Output: Capital structure options paper summarising viable credit-line, guarantee and SPV structures with indicative pricing and eligibility conditions.

2.1.4 Evaluation of Priority Funding Sources

Task: Apply a volume-price-risk scorecard to at least five top sources, including new philanthropic grantmakers alongside traditional DFIs. For example, the Bezos Earth Fund (Adaptation Window), Sequoia Climate Foundation (Pacific Clean Transport Challenge), and Rockefeller Foundation (Climate Gender Equity Facility) versus GCF and Adaptation Fund benchmarks. The sources can include, but should not be limited to, these examples. Additionally, the sources should be aligned with FDB's priorities in the Pacific.

Deliverable: Comparative Assessment Matrix ranking sources. For example, the Bezos Earth Fund (Adaptation Window), Sequoia Climate Foundation (Pacific Clean Transport Challenge), and Rockefeller Foundation (Climate Gender Equity Facility) versus GCF and Adaptation Fund benchmarks. The sources can include, but should not be limited to, these examples. Additionally, the sources should be aligned with FDB's priorities in the Pacific.

Expected Output: Comparative Assessment Matrix ranking at least five priority funding sources by volume, price and risk. For example, the Bezos Earth Fund (Adaptation Window), Sequoia Climate Foundation (Pacific Clean Transport Challenge), and Rockefeller Foundation (Climate Gender Equity Facility) versus GCF and Adaptation Fund benchmarks. The sources can include, but should not be limited to, these examples. Additionally, the sources should be aligned with FDB's priorities in the Pacific.

2.1.5 Resource-Mobilisation Plan

Task:  Draft a detailed roadmap to secure the highest-ranked funding mix, detailing due diligence requirements, risk acceptance criteria, covenant negotiations, funding threshold,and decision gates. This roadmap should also incorporate milestones that align with the consultant's work on the three loan products.

Deliverable: Produce an FDB-specific resource mobilisation plan by using, for example, Gantt chart, responsibility matrix, and an escalation protocol.

Expected Output: The resource mobilisation plan should present a step-by-step roadmap, decision gates, and responsibilities for securing the preferred funding mix.

2.1.6 Risk-Management Plan

Task:  Identify financial, operational, and policy risks, including but not limited to FX mismatch, interest-rate hikes, counterparty default, and regulation changes, and propose mitigants (such as natural hedges, swaps, guarantee layers, policy covenants, etc).

Deliverable: Develop a risk-management plan with a risk register and mitigation toolkit and draft amendments to the existing FDB treasury policy on currency and liquidity limits.

Expected Output: The risk management plan should include a risk register, mitigation toolkit, and any draft amendments to FDB's existing Treasury Policy.

2.1.7 Roadshow for Innovative Alternative Low-Cost Funding

Task: Plan and coordinate a two-day Sustainable Finance Roadshow in Suva (hybrid) that convenes leading philanthropies, private climate-grant facilities, gender-equity funds, adaptation-focused donors, impact investors and Pacific-focused DFIs. Each invited organisation will "pitch" its value proposition to FDB and government stakeholders to structure new, low-cost funding partnerships distinct from the existing GCF, Adaptation Fund and other multilateral sources. The pitch should cover the following priority themes:

Green transport and e-mobility
Gender-responsive climate finance
Marginalised and outer-island communities
Renewable energy and storage
Adaptation and climate resilience

The key subtasks include:

Draft "roadshow concept note" and secure FDB's C-suite endorsement.
Compile a list of at least 25 funders (e.g., Bezos Earth Fund, Sequoia Climate Foundation, IKEA Foundation, Lightsmith Climate Resilience Fund, Global Energy Alliance for People and Planet, Climate Justice Resilience Fund).
Create an FDB pitch slide deck profiling FDB's sustainable pipeline and co-investment needs.
Prepare a companion datasheet for each funder covering eligibility, average ticket size, grant ratio, upcoming RFP windows, and thematic relevance.
Coordinate travel, venue, virtual links, media briefings and follow-up one-to-one meetings.
Capture expressions of interest (EOIs) and negotiate next-step actions.

Deliverables:

The roadshow package to be delivered will consist of:

Concept Note and Agenda (circulated six weeks in advance).
Investor-facing Slide Deck showcasing FDB's pipeline and co-financing structures.
Funder Datasheet Compendium mapping each invitee against theme, ticket size, grant ratio, RFP schedule and contact details.
Post-Roadshow Report and Engagement Tracker summarising EOIs, preliminary term-sheet discussions and a ninety-day follow-up plan.

Expected Output: Produce the sustainable roadshow and an innovative grant and philanthropic funding slide deck with a companion datasheet mapping new grant-heavy sources by theme, green transport, gender, marginalised groups, renewable energy and adaptation.

2.1.8 International Resource-Mobilisation Workshop

Task: Design and facilitate strategic workshops with RBF, the Ministry of Environment and Climate Change, the Ministry of Finance, commercial banks, philanthropies, DFIs and other stakeholders to validate the proposed funding priorities and FX-risk strategy.

Deliverable: Submit the workshop report and action agenda capturing consensus items, assigned responsibilities and a 180-day follow-up schedule.

Expected Output: The workshop report and action agenda should capture the agreements and next steps from the international resource mobilisation workshops.

2.1.9 Board Endorsement and Final Package

Task: Consolidate all outputs into a single Financing and Risk-Management Package; brief senior management and present to the Board; incorporate feedback and issue an implementation roadmap with KPIs.

Deliverable: Board-approved Plans ready for execution and integration into the updated Climate and Eco-Finance Strategy.

Expected Output: A board-approved financing and risk-management package ready for implementation and integration into FDB's Climate and Eco-Finance Strategy.

DELIVERBABLES AND PAYMENT SCHEDULE

The consultant will be responsible for making their own travel arrangements from their home country to Suva, Fiji, and for covering all related costs. This includes, but is not limited to, airfare, accommodation, ground transportation, and daily expenses, as required for the successful completion of the assignment.

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

Advanced university degree (master's or PhD) in Finance, Economics, Accounting, or Treasury Management is essential. Strong knowledge of FX risk management, pricing models, and treasury operations is necessary.
At least 5-8 years of experience in treasury operations, FX risk management, and structured financial products. Proven ability to develop FX risk mitigation tools such as hedging strategies, forward contracts, and currency swaps.
Expertise in designing risk-adjusted pricing models for climate finance loans, integrating FX risk mitigation, concessional financing, and cost-of-funds analysis. A pricing model must be created tailored to FDB's treasury operations.
Experience in structuring concessional financing, blended finance solutions, green bonds, and sustainability-linked finance. Strong understanding of global climate finance pricing models.
Familiarity with GCF, Adaptation Fund, GEF, and TCX for FX risk mitigation and local currency financing. Experience working with multilateral climate finance institutions on treasury-related solutions.
Experience engaging with government agencies, central banks, commercial banks, and DFIs to develop structured financial solutions for FX risk management and concessional financing, and the ability to collaborate with GGGI's global treasury experts to refine pricing models.
Strong skills in financial forecasting, cost-of-funds modelling, FX volatility analysis, and liquidity risk assessment. Must be able to quantify FX risk exposure and develop structured mitigation plans.
Demonstrated ability to deliver a structured FX risk management plan and pricing model for FDB, ensuring integration into FDB's financial policies and lending framework. Proven record in developing actionable financial models to enhance treasury operations and pricing strategies.

REPORTING AND MANAGEMENT REQUIEREMENTS
The Consultant will operate under the guidance of the GGGI Senior Economist, who will act as the primary focal point for this assignment. They will collaborate closely with the GPFS program team to align the program’s objectives and priorities. Also, regular progress updates will be conducted through meetings, where the Consultant will provide detailed reports on the status of activities, challenges encountered, and proposed solutions. GGGI will facilitate introductions to key stakeholders, including the Fiji Development Bank, the Reserve Bank of Fiji, the Ministry of Environment and Climate Change, and the Ministry of Finance. The Consultant will also have access to background documents, relevant research, and other resources required to complete the assignment effectively 

ADMINISTRATIVE INFORMATION
The application deadline is 11:59 PM Korean Standard Time (KST) on June 27, 2025. Applications submitted after the deadline will not be considered. The application, Cover Letter, and CV must be sent in English.