ECUADOR: SUSTAINABLE FINANCE MEF 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
- Project: ECPM-C1-1 / GGPI-E1-13
- Duty Station: Quito, Ecuador
- Contract Duration: (3) Feb 2025 to (4) Jul 2025
- Number of Workdays Estimated (internal purpose only): 100 (full time)
- Consultant Level: Level 3
- Total Fees: US$ 11,000
- Deliverable-based or daily rate: Deliverable
POSITION SUMMARY
GGGI is seeking a Sustainable Finance Consultant based in Quito, Ecuador. The Sustainable Finance Consultant will assist in the compiling, structuring, and reporting of sustainable finance information relevant for the government of Ecuador. The Consultant will coordinate the engagement with stakeholders and the implementation of the sustainable finance reports, under the technical leadership of GGGI staff members.
The Sustainable Finance Consultant will be responsible for providing technical assistance to develop and deliver sustainable finance outputs prioritized by the Ministry of Economy and Finance of Ecuador.
PROJECT BACKGROUND
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. GGGI works with countries around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. The organization partners with countries, multilateral institutions, government bodies, and the private sector to help build strong economies that are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change. GGGI supports stakeholders through complementary and integrated workstreams that deliver comprehensive products designed to assist in developing, financing, and mainstreaming green growth in national economic development plans.
GGGI has a diverse portfolio of programs in developing countries around the world. These in-country programs, together with global products and services, focus on delivering results through an integrated approach of evidence-based green growth planning and implementation aligned to countriesโ development priorities.
The achievement of Ecuadorโs NDC targets requires a substantial increase in the volume of public and private, national and international climate finance invested in the country.
As a result, the Government of Ecuador under the leadership of MEF has embarked on an ambitious effort to increase the mobilization of international climate finance and implementation of innovative sustainable finance instruments to support a climate resilient and low-carbon development of the economy.
OBJECTIVES OF THE ASSIGNMENT
The objective of this consultancy is to support the analysis, documentation, design, construction, and implementation of various sustainable/green financial instruments in Ecuador.
Specific Objectives:
- Assist the Ministry of Economy and Finance in developing, structuring, writing, and developing sustainable finance reports and presentations related to the activities performed by MEF.
SCOPE OF WORK - DELIVERABLES
1. Deliverable 1:
a) Work Plan: of the activities in coordination with relevant stakeholders to undertake under the assignment tied to the specific objectives mentioned above. The Work Plan should include a timeline of main activities, methodology, milestones, validation meetings with GGGI, and description of final deliverables. The Work Plan should include the scheduling of meetings with the relevant stakeholders and their respective legal teams.
b) Read, revise, summarize, and present; documents and material relevant to Sustainable Finance topics assigned by MEF. The consultant will be asked to produce an initial technical sustainable finance executive summary report and PowerPoint presentation for MEF authorities based on the information shared with the consultant.
c) Initial Report: Sustainable Finance in the Ministry of Economy and Finance of the Republic
2. Deliverable 2:
d) Provide in-house support to MEF, specifically to the director of national real sector policies in the tasks related to sustainable finance products such as reports, presentations, normative updates benefiting sustainable finance environment, and other relevant information determined by MEF.
e) Assist MEF in all tasks assigned by the authorities regarding sustainable finance topics.
f) Final Report: Systematize all collected information, prepared reports, annexes, meeting minutes, etc. and consolidate it.
PAYMENT SCHEDULE
Please note that payments will be disbursed based on the successful completion (reviewed and approved by the project manager GGGI, an approval is granted once the corrections suggested in the review process are implemented) of the deliverables described above, according to the following table:
Deliverables
Payment Percentage
Completion Date
Deliverable 1: includes activities a, b, c
30%
Three weeks upon contract signature
Deliverable 2: includes activities d, e, f,
70%
Nine weeks upon contract signature
COORDINATION AND COMPLIANCE
- The consultant must Sign a confidentiality agreement with the Republic of Ecuador.
- All relevant technical papers, reports, and other documents prepared from the start to the end of the assignment shall be attached to the final Report and must be included in a digital repository provided by GGGI.
- The consultant will make the best use of both primary and secondary sources of information to develop activities defined under the contract objective.
- This position will require a full-time on-site presence at MEF.
- The consultant will work closely with GGGI staff to ensure the goals of this consultancy, and he/she will also be responsible for reporting their progress to the GGGI supervisor.
- The consultancy budget stated below includes the costs of transportation and accommodation, there is no additional budget that will cover required travel for the assignment.
- This consultancy fee is a lump sum cost.
EXPERTISE REQUIRED
- Masterโs degree or equivalent combination of educational in economics, finance, environmental finance, environmental science or related field.
- At least 5 years of relevant work experience; 1 year being specific experience in finance or sustainable finance.
- Prior experience working in impact or sustainability reporting is a plus, but it is not required.
- Knowledge of the sustainable finance landscape in Ecuador.
- Full English proficiency (C1 or TOEFL) is required.
KNOWLEDGE AND SKILLS
- Knowledge of research and information gathering methodologies
- Skills in working with multidisciplinary groups.
- Negotiation, promotion, and conflict resolution skills.
- Syntaxy and redaction proficiency
- High organization skills
ADMINISTRATIVE INFORMATION
- Request: GGGI Application form, CV and cover letter
- Selection method/process: competitive
- Timeline of selection: 15 days
- Date to close is Korean Standard Time (KST). Applications submitted after the deadline will not be considered Application. Cover Letter, and CV must be sent in English. A consortium, or a firm may not be engaged for the individual consultant assignment. Child protection โ GGGI is committed to child protection, irrespective of whether any specific area of work involves direct contact with children. GGGIโs Child Protection Policy is written in accordance with the Convention on the Rights of the Child.
- Assist the Ministry of Economy and Finance in developing, structuring, writing, and developing sustainable finance reports and presentations related to the activities performed by MEF.