Climate Finance Roadmap And Innovative Financial Mechanisms

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Description

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• Country analysis in the regulatory, economic, social, and cultural context for the implementation of financial solutions at the national level and technological innovation for the incorporation of green growth.
• Analysis of the Nicaraguan capital market for the issuance of green bonds.

• Initial report of activities containing the Work Plan and methodology, with its corresponding schedule of activities ten days after the consulting contract is signed.
• Diagnostic report on the Nicaraguan context in terms of climate finance, identifying the needs for institutional strengthening of the public sector and banking sector. The report must identify regulatory barriers that contain:
• Analysis and identification of regulatory, economic and market gaps, in the process of designing financial and fiscal instruments, which promote the exchange of debt for climate change, and encourage the development of new viable and feasible financial schemes.
• Report that identifies the context of the financial sector of Nicaragua with the current financial mechanisms and instruments focused on a green growth policy, considering:
• Country analysis in the regulatory, economic, social, and cultural context for the implementation of financial solutions at the national level and technological innovation for the incorporation of the green growth approach.
• Analysis of the Nicaraguan context in terms of capital markets for the issuance of green bonds.
• Report that contains the Creation of a National Roadmap for climate financing, defining the financing options, from public resources (innovative financial instruments: Bonds, loans, or the combination of different instruments. To do this, the following must be incorporated:
• Design of innovative financial instruments, considering the needs and priorities of the country.
• Dialogue tables with priority sectors, officials of the MHCP, Central Bank, SCCP, banking superintendency.
• Assessment of the Climate Finance Ecosystem, including mapping of Nicaragua’s climate finance flows, existing gaps in mitigation and adaptation, and adaptation investment needs.
• Evaluation of the country’s preparation needs for the implementation of the roadmap.
• Work plan for the development of a National Climate Financing Roadmap, which must contain the following information: List of key actors, work agenda, investments in priority sectors/private sector, project portfolio, design of awareness material aimed at the public/private sector.
• Report containing proposals for possible innovative climate-smart financial instruments considering: Selection criteria for innovative financial capital structures (Blended Finance, Risk Mitigation Instruments). Criteria: Relevance, additionality, impact on development with a focus on sustainability, poverty reduction, economic development, profitability, risks.

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