GGGI : COLOMBIA: SUSTAINABLE FINANCE JUNIOR CONSULTANT – Colombo - Tenders Global
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GGGI : COLOMBIA: SUSTAINABLE FINANCE JUNIOR CONSULTANT – Colombo

UNDP - United Nations Development Programme

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JOB DESCRIPTION

COLOMBIA: SUSTAINABLE FINANCE JUNIOR CONSULTANT

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.

GENERAL INFORMATION
  • Duty Station: Colombia, Bogotá D.C (hybrid)
  • Contract Duration: January 2025 to July 2025
  • Number of Work Days Estimated (internal purpose only): 127 days
  • Consultant Level: Level 2
  • Total Fees: $ 15,000 USD
PROJECT BACKGROUND

GGGI has a diverse portfolio of programs in developing countries around the world. These national programs and global products and services focus on generating results through an integrated approach to planning and implementing green growth based on evidence and aligned with countries’ development priorities. The organization also prioritizes knowledge development and management activities, establishing a solid theoretical and empirical foundation for green growth. This includes offering concrete options and guidance to policymakers and creating conditions for green investments.

GGGI’s sustainable finance team develops innovative financial instruments to support the transition to sustainable economies, including green, social, and sustainability bonds, sustainability-linked instruments, and debt-for-nature swaps. Since 2017, GGGI has facilitated significant investments towards the sustainability goals of its member countries. In 2024, GGGI partnered with the European Commission on the Global Green Bond Initiative to support the sustainable bond market in Latin America, the Caribbean, Southeast Asia, and Sub-Saharan Africa. In Colombia, work is underway to strengthen the green financing market and foster the growth of financial instruments that drive a low-carbon and climate-resilient economy.

Through strategic partnerships, GGGI has collaborated with the Government of Colombia to promote green growth and investment policies. These alliances include collaborations with the Ministry of Environment and Sustainable Development (MADS), the Ministry of Agriculture and Rural Development (MADR), the Ministry of Finance and Public Credit (MHCP), and the National Planning Department (DNP), among others. Since 2014, GGGI has supported the DNP in advancing a green growth vision and transition plan for Colombia to support climate goals and the achievement of the SDGs. GGGI supported the development of the Green Growth Working Group led by the DNP (2016-2018), which produced valuable information for designing the Green Growth Policy—GGP (adopted through CONPES 3934 of 2018).

Furthermore, Colombia has made significant progress in designing and implementing standardized methodologies, such as Environmental, Social, and Governance (ESG) and the Colombian Green Taxonomy, to ensure the sustainability of national investments. However, economic and financial investments are essential to mobilize resources for the socioeconomic and cultural transformations necessary in the country to advance the climate transition. Although the Government of Colombia has made significant progress in developing a robust policy framework and updating the country’s National Climate Finance Strategy to promote sustainable climate finance and resource mobilization to meet mitigation and adaptation goals, it is necessary to increase climate investments in strategic sectors for a fair transition to low-carbon and climate-resilient economic development.

In 2021, GGGI was awarded funding by the UK PACT program in Colombia to develop the project “Accelerating the Development of New Bioeconomy Businesses and Enhanced Capacities for Green Jobs Promotion and Increased Climate Action Ambition from Policy Implementation and Integration.” This initiative led to the creation of the Bioeconomy Accelerator Mechanism, designed to strengthen the capacity of bioeconomy businesses and support MinCiencias in meeting its targets of endorsing 126 bioproducts by 2022 and 500 by 2030. A complementary knowledge-sharing component was also included to disseminate case studies, lessons learned, best practices, and policy recommendations.

In 2019, with support from MinCiencias, GGGI designed and launched the Bioeconomy Projects Acceleration Mechanism (MAPBIO). The mechanism provides technical assistance to accelerate bioproducts during their final development stages. The first call for proposals received 26 submissions, which were evaluated using a multi-criteria analysis, and four bioproducts were supported.

After the successful implementation of MAPBIO 1.0, GGGI was awarded an extension project to scale up MAPBIO and collaborate further with MinCiencias and INNpulsa. The current MAPBIO 3.0 call for proposals focused on the Pacific and Amazon regions, receiving 12 submissions and selecting two bioproducts for support. To date, MAPBIO has successfully supported 20 bioproducts, contributing to the national goal of 500 registered bioproducts by 2030.

Additionally, under the UK PACT Bio Rural project, GGGI will provide technical assistance to Itaú Bank for designing and implementing a financing instrument aimed at value chains and bioeconomy applications. This instrument seeks to expand the bank’s green portfolio and facilitate access to tailored financing for Colombian companies committed to advancing the bioeconomy.

OBJECTIVES OF THE ASSIGNMENT

Based in Bogotá, the Sustainable Finance Assistant will support implementing the sustainable finance program in Colombia, reporting to the Sustainable Finance Officer for Colombia. Tasks include providing assistance in project planning and execution, data collection and analysis for the structuring of sustainable finance instruments, and logistical support in training activities and events with financial sector stakeholders. This role is critical to facilitate resource mobilization and ensure the effective implementation of GGGI’s sustainable finance activities, collaborating at both technical and operational levels.

DELIVERABLES AND PAYMENT SCHEDULE

This is a daily-fee, full-time position. The Consultant will be expected to work a 40-hour work week adopting a hybrid work model, in coordination with the supervisor.

The consultant shall support the sustainable finance program in Colombia through various activities, which include, but are not limited to:

Technical and Administrative Support

  • Collaborate in collecting, analyzing, and organizing data necessary for structuring sustainable financing instruments, including thematic bonds and innovative financing mechanisms.
  • Support in preparing reports and technical documents, executive summaries, and presentations on sustainable finance for various actors, including governments, financial institutions, and cooperation partners.
  • Conduct basic market and financial regulation analysis to support sustainable financing initiatives in Colombia, staying current with trends in green financing taxonomies and standards.
  • Assist in monitoring and following up on key performance indicators and project results, ensuring accurate and orderly documentation of activities and achievements.

Operational and Logistical Support

  • Provide logistical support in organizing workshops, training, and events on green financing issues, ensuring proper planning and coordination of resources, materials, and communications.
  • Facilitate coordination between internal and external stakeholders for specific activities, including meetings, events, and field visits, and prepare agendas, meeting notes, and progress reports.
  • Support the coordination of activities with external providers, such as consultants and technical service providers, ensuring compliance with agreed requirements and deadlines.

Training and Capacity Building

  • Assist in creating and adapting educational materials and presentations on sustainable finance topics, supporting awareness-raising and training activities for diverse audiences.
  • Provide technical support in training sessions, workshops, and seminars, providing resources and assistance to participants to improve their understanding of green financing instruments.

Reporting Arrangements.

The Sustainable Finance Assistant reports to the Sustainable Finance Officer for Colombia. The consultant’s work progress will be monitored primarily through periodic review meetings for planning and weekly short face-to-face (or virtual) meetings for prioritizing activities, all that previous consensus with the Contract Supervisor. In this review, meetings will tackle subjects such as the overview of the contractual objectives, the development of activities, detailed information milestones, actual achievements made against the timeline initially set, and any other relevant progress details.

Deliverables will be produced in Spanish or English, in accordance with GGGI’s formatting requirements, and submitted with proof of editable file back-up (e.g. .docx, .pptx) in GGGI SharePoint system. Additionally, the consultant will deliver one monthly brief in English explaining the activities developed the month before and for any other deliverable if so, requested by the Sustainable Finance Officer for Colombia. Where relevant, the consultant shall also provide sets of raw data, research materials, and meeting notes related to the contractual objective.

The Global Green Growth Institute (“GGGI”) is committed to transparency, accountability, and openness in the organization. In case of any doubt, please refer to our Whistleblower policy in the link: http://gggi.org/site/assets/uploads/2017/11/Whistleblower-Policy_02072015.pdf

The consultant should demonstrate the credentials described below.

EXPERTISE REQUIRED

1) Qualifications:

  • Degree in Economics, Finance, Public Administration, or related fields. Experience in sustainable finance is desirable.
  • At least four years of job experience regarding to of sustainable financial instruments and two year of previous job experience in market analysis, data collection, or research in sustainable finance.
  • Basic knowledge of national and international sustainable finance taxonomies and standards, such as the EU Taxonomy or the Climate Bonds Initiative, is an advantage.
  • Written and oral communication skills in Spanish and English.
  • Colombian nationality or authorization to work in Colombia.

2) Functional Competencies:

  • Analytical skills and ability to synthesize complex information.
  • Ability to handle multiple tasks with attention to detail and commitment to quality.
  • Adaptability to work in a team in changing environments and on multifunctional projects.
  • Organizational capacity and orientation to project management.

3) Corporate Competencies:

  • Commitment to the mission and values ​​of GGGI.
  • Interpersonal and teamwork skills.
  • Proactive in problem-solving and ability to adapt to various responsibilities

ADMINISTRATIVE INFORMATION
  • Selection method / process: Competitive Selection
  • Timeline of the selection: 1 week. Estimated consulting start in January 2025
  • Application Form Cover Letter, and CV must be sent in English.

Date to close is Korean Standard Time (KST). Applications submitted after the deadline will not be considered. A consortium, or a firm may not be engaged for the individual consultant assignment.

 
 
 
Child protection – GGGI is committed to child protection, irrespective of whether any specific area of work involves direct contact with children. GGGI’s Child Protection Policy is written in accordance with the Convention on the Rights of the Child.

Level of Education: Bachelor Degree

Work Hours: 8

Experience in Months: No requirements


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