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Please note that the deadline is based on Korean Standard Time Zone (KST, UTC+9)
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.
Vanuatu and Solomon Islands face significant climate vulnerabilities, compounded by challenges in financial inclusion. The Reserve Bank of Vanuatu (RBV) and the Central Bank of Solomon Islands (CBSI) have introduced various policies aimed at promoting financial inclusion and addressing climate-related risks. These policies provide a critical foundation for the development of the IGF roadmaps, which will align with and build upon these existing frameworks. To support these intiatives, GGGI is engaging a consultant to support the development of inclusive green finance roadmaps for RBV and CBSI. The roadmap will align with existing policy frameworks and guide the integration of IGF approaches to address climate challenges, improve financial inclusion, and fortify the economic resilience of their financial sectors in the Solomon Islands and Vanuatu.
The primary objective is to develop inclusive green finance (IGF) roadmaps for the Solomon Islands and Vanuatu. The two roadmaps will outline actionable strategies to integrate financial inclusion and green finance principles, addressing both environmental and socio-economic challenges. The roadmaps will align with two countries’ climate policies and climate finance mechanisms, includingNatadola Roadmap to Inclusive Green Finance in the Pacific, Vanuatu National Financial Inclusion Strategy, the Solomon Islands Disaster Risk Financing Strategy and Vanuatu National Gender Equality Policy 2020-2030, and two countries’ international commitments such as Nationally Determined Contributions (NDCs), Sustainable Development Goals (SDGs), and National Adaptation Plans (NAP).
Key objectives include:
- Identification of suitable investors based on investors’ preferences and characteristics, risk profile of each country’s economic sectors and the availability of private capital;
- Identification of financial instruments required to close green/climate investment gaps most effectively, based on technology and financial market maturity;
- Design of a policy and regulatory framework needed to overcome investment barriers and attract climate investments at the scale required; and
- Development of robust methodology for closing green/climate finance gaps that can be applied by various actors in the Solomon Islands and Vanuatu.
The consultant will perform the following tasks:
Task 1: Stakeholder Engagement and Coordination
Task 2: Diagnostics and Baseline Assessment
Task 3: Development of IGF Roadmaps
Task 4: Validation and Finalization
Task 5: Capacity Building and Training
Task 6: Reporting and Knowledge Sharing
Deliverable |
Timeline |
Payment (% of total) |
Inception Report, Work Plan, and Stakeholder Engagement Strategy This report will outline proposed method, roadmap frameworks, work plan, key stakeholders to be involved and implementation schedule. |
Month 1 |
10% |
Diagnostics Report for the Solomon Islands and Vanuatu This report will include an overview of existing policies and strategies, analysis of available data on financial inclusion, climate risks, and existing green finance flows, identification of expansion opportunities in green finance, assessment of investment risks and potential investors’ preferences, and recommendations based on key findings. |
Month 3 |
15% |
Draft IGF Roadmap for the Solomon Islands The draft roadmap will include strategic priorities and action plans, governance oversight structure, responsibilities and arrangements, institutional roles and responsibilities, required capital mix in line with investor preferences, gender-sensitive approaches, aligned with national development plans, SDGs, NDCs, and NAP and Solomon Islands National Disaster Risk Financing Strategy, and key performance indicators and a monitoring framework to track progress. |
Month 4 |
20% |
Draft IGF Roadmap for the Vanuatu The draft roadmap will include strategic priorities and action plans, governance oversight structure, responsibilities and arrangements, institutional roles and responsibilities, required capital mix in line with investor preferences, gender-sensitive approaches, aligned with national development plans, SDGs, NDCs, and NAP and Vanuatu national gender equality and financial inclusion strategies, and key performance indicators and a monitoring framework to track progress. |
Month 5 |
20% |
Validation Workshop and Revised Roadmap The consultant will organize two stakeholder workshops at the beginning of the assignment and two validation workshops at the end. |
Month 6 |
10% |
Final IGF Roadmap and Training Materials The consultant will simultaneously finalize the roadmaps addressing comments received from GGGI, RBSI and RBV and prepare a handbook to train RBSI and RBV staff. |
Month 7 |
25% |
The description of the required expertise may be split into the following parts:
The closing date is 16 July 11:59PM Korean Standard Time (KST). Applications submitted after the deadline will not be considered. Applications must include a CV and two (2) writing samples relevant to green/climate finance in English.