Sustainable Finance Specialist Consultant

Please note that the deadline is based on Korean Standard Time Zone (KST, UTC+9)

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.

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 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 Green Climate Fund (“GCF” or the “Fund”) is a financing mechanism of the United Nations Framework Convention on Climate Change (“UNFCCC”) and was established to provide financial support so that countries like Dominican Republic can reach its emission reduction targets. In 2017, GGGI and GCF signed a strategic partnership, aimed to leverage GGGI’s embedded presence with partner governments to support countries access Readiness and Preparatory Support Grants. As Delivery Partner of the GCF, GGGI is committed to building local capacities in the country to access GCF resources.

Dominican Republic’s National Designated Authority (NDA) is the Ministry of Environment and Natural Resources (MMARN), and the focal point representing the NDA is the Deputy Ministry of Climate Change and Sustainability. The NDA coordinates closely with the main government entities to ensure funding complementarity when accessing international and national green funds. It also coordinates with relevant entities to ensure project alignment with the country’s national priorities and commitments.

GENERAL INFORMATION

Project: ROB04 Mobilizing International Climate Finance and Private Investments for Low-Carbon Development in the Dominican Republic

Duty Station: Santo Domingo, Dominican Republic

Contract Duration: February 1, 2026 to August 1, 2026

Number of Workdays Estimated: 126

Consultant Level: 4

Total Fees: 38,000

OBJECTIVES OF THE ASSIGNMENT

The Sustainable Finance Specialist will ensure continuity and high-quality implementation of GGGI’s sustainable finance portfolio in the Dominican Republic. The Sustainable Finance Specialist will support technical progress across all ongoing workstreams related to thematic bonds, ESG regulation, and GCF Readiness implementation.

In particular, the Sustainable Finance Specialist will ensure uninterrupted delivery of technical assistance for the development, issuance, and post-issuance management of thematic bonds, including allocation and impact reporting and coordination of third-party verification processes. The assignment also aims to maintain momentum in the implementation of GCF Readiness activities, with a strong emphasis on private-sector engagement and the mobilization of climate-aligned investments.

Additionally, the Sustainable Finance Specialist will provide technical leadership in the policy dialogue with financial regulators to strengthen ESG disclosure frameworks, improve access to ESG information from supervised financial institutions, and support the integration of ESG risk supervision practices. Throughout the assignment, the Sustainable Finance Specialist will safeguard institutional knowledge, stakeholder relationships, and the technical quality of deliverables across GGGI’s sustainable finance program in the Dominican Republic.

DELIVERABLES AND PAYMENT SCHEDULE

The Sustainable Finance Specialist will report to the Dominican Republic Program Manager and collaborate with the Ministry of Environment and Natural Resources. The consultant will contribute to the implementation of activities under the GCF Readiness Program and national sustainable finance initiatives.

Based on the above, the scope of work of this consultancy includes at least the following aspects:

Support implementation of GCF Readiness activities, particularly those involving private-sector mobilization and engagement.

Lead technical assistance for the development of thematic bond issuances (e.g., green, social, sustainability, blue, and sustainable bonds) and contribute to drafting and reviewing thematic bond frameworks, alignment with international principles, and eligibility criteria.

Lead in the elaboration of allocation and impact reporting for thematic bonds, including data collection, drafting, and formatting.

Coordinate with external reviewers for Second-Party Opinions (SPO) and verification processes.

Provide technical assistance in the identification, mapping, and technical assessment of ESG frameworks (e.g. SASB, GRI, PRI, TCFD, PSI, Principles for Responsible Banking, Dominican Green Taxonomy), ensuring their contextualization and alignment with national regulatory priorities and the needs of financial supervisors.

Support the methodological design of an ESG self-assessment tool for financial institutions.

Provide technical support to stakeholder engagement processes with financial supervisors and internal departments, including the preparation of technical presentations, validation workshops, and the review of Terms of Reference for the procurement of the ESG platform development firm.

Support and deliver capacity building sessions for potential issuers, investors, and regulators (trainings, workshops, presentations).

Support GGGI the engagement with financial regulators to support the development and decision making of sustainable finance policies and in activities aimed at improving ESG data access and disclosure from supervised entities.

Prepare and review presentations, assessment reports and technical recommendations related to GCF Readiness activities.

Build and maintain strong relationships with ministries of environment, local financial institutions, private sector, and financial regulators.

EXPERTISE REQUIRED

A Bachelor's degree in management, economics, environmental sciences, statistics, project management, or other related disciplines in environment and/or management.

Master’s Degree in relevant subjects (Economics, Finance, Public Administration, Business Management, International Relations, or other related fields)

At least 5-8 years of relevant in the public, private or civil society sectors, with significant experience in mobilizing finance across sectors, especially financial institutions.

Prior experience with at least one of the following instruments: thematic bonds, green credit/loans or commercial bonds.

Prior experience in the Dominican Republic’s national financial system is a must.

Experience in engaging with financial regulators and private sector actors, including investors and banks and other stakeholders (NGOs, civil society) would be an advantage.;

Excellent writing, analytical, organization and communication skills.

Fluency in Spanish and English is required.

Candidate must be based in Dominican Republic.

ADMINISTRATIVE INFORMATION

Selection method: competitive selection

Timeline of selection: 3 weeks

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 – 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.