Based in Seoul, the Global Green Growth Institute (GGGI) is an intergovernmental organization founded to support and promote a model of economic growth known as “green growth”, which targets key aspects of economic performance such a poverty reduction, job creation, social inclusion, and environmental sustainability. The organization partners with countries, multilateral institutions, government bodies, and private sector to help build economies that grow strongly and are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change.
The Investment and Policy Solutions Division (IPSD), based at GGGI’s Seoul headquarters works with programs in countries and on projects, by:
• Providing technical and financial know-how through advice to country programs in the areas of energy, green cities, land-use and water;
• Working with the Green Growth Planning and Implementation Division (GGP&I) on the development of service offerings (in GGGI’s four main focus areas) and related methodologies (delivery approaches);
• Converting experience gained through country activities and engagement in international networks into elements of South-South cooperation programs, sub-regional knowledge sharing programs and national level capacity building activities;
• Contributing to the preparation of corporate communication material;
IPSD has two closely integrated departments which underpin the relevance, efficiency, and effectiveness of GGGI’s in-country delivery: (i) Policy Solutions (PS) which provides deep sectoral technical advice to country programs concrete options, guidance, and capacity development for policymakers and investors; (ii) Green Investment Services (GIS) – which identify and mobilize innovative financing mechanisms and improve the conditions for public and private green investments.
GIS facilitates green growth through three main pillars. By “Designing Innovative Financial Instruments”, GIS designs financial structures and instruments which can meet risk-reward expectations of investors and enable capital flows into the sector; by “Building National Financing Vehicles”, GIS conducts diagnostic analysis and either supports countries to scale up their national level financial institutions or establish new ones; and by “Developing Green Bankable Projects”, GIS supports GGGI member countries to create an enabling environment and develop a bankable project pipeline.
This task is a part of transforming the Environment Bank Foundation (FUNBAM) of Republic of Costa Rica into a specialized financing vehicle dedicated to ecosystem management. It is aligned with GGGI’s strategic areas of interest to develop national financing vehicles (NFVs) and green bankable projects.
Objectives/Purpose of the Assignment:
Through this assignment, the Consultant shall provide assistance and expertise by identifying a pipeline of projects that FUNBAM may finance. Business areas include biodiversity conservation, sustainable landscapes including coffee, cocoa, timber, etc. and watershed protection. The consultant will be expected to identify a pipeline of projects for FUNBAM, including their size, investment needs, revenue sources and other such criteria as will be required by a financing entity.
The Consultant will report to the Project Manager of the project, under the overall guidance of the Head to Green Investment Services (GIS).
Scope of Work:
The Consultant supports the project team to develop a pipeline of projects for FUNBAM.
Specifically, the Consultant shall, among others:
1) Provide a list of sectors of priority to the Government
2) Provide a list of projects in each of these sectors in a standardized format (see Annex 1). Recommend possible financing mechanisms for each of the projects.
3) Identify and assess project opportunities. The assessment should include:
- Financial analysis of projects
- Strengths and weaknesses of projects
- List of possible investors/sponsors
- Success factors for projects – business models, type of technology, scale of operations etc.
- Design of and/or recommendations for suitable financial structures based on financial projections that address identified project issues, opportunities and risk/reward factors.
4) The Consultant is expected to carry out other tasks as required for the design and submission of successful project bids and grant applications.
- Minimum of 8-15 years of experience in business development and/or financing in the areas of land-use sectors including agroforestry, with a Master’s degree (or equivalent combination on relevant education and experience). Experience in Costa Rican market is a must.
- Experience in developing business models and structuring finance mechanism in the land-use sector is a must.
- Substantive relevant experience (at least 5-7 years), with robust understanding in finance.
- Experience with climate finance and investment banking in the agroforestry market is a plus.
- Experience with project finance, private or public sector projects, and/or in PPP transactions is a plus.
- Specific knowledge required includes, but not limited to ecosystem services market, sustainable land-use management, climate finance (e.g. REDD+), and sustainable agricultural and forestry commodity production.
- Strong strategic planning and impeccable analytical writing and editing skills.
- Strong interpersonal and collaboration skills with a particular ability to communicate with stakeholders of public and private sectors.
- Demonstrated experience in strategic advisory and consulting.
- Fluency in written and spoken English is required; Spanish is highly preferred.