IC/UNDP/IFL/058/2020 - Indonesia’s SDG Bond Feasibility Study (International Post)  

Duty Station : Home Based

For completed info : https://www.id.undp.org/content/indonesia/en/home/procurement.html

REFERENCE NUMBER : 68399

Scope of Work

The scope of the study are as follows:

• A list and brief synopsis of key literatures (e.g. books) on the topic of SDG Bond, which may cover:
  • Methods & mechanisms of SDG Bond issuance;
  • Methods & mechanisms of SDG Bond’s underlying assets selection;
  • Opportunities & challenges.
• SDG Bond examples (product descriptions & case studies) from around the world - which may include successful stories and/or barriers encountered;
• Analysis and recommendation on SDG Bond Issuance;
• Other relevant topic(s) agreed by both parties- subject to further discussion between the consultant and UNDP Indonesia. These could include:
  • Recommendations for development of SDG bond frameworks
  • Recommendations for non-asset-based issuances
  • Recommendations for managing and tracking use of proceeds given the broad base of SDG finance
  • Recommendations for SDG impact reporting

Since there has not been any Sovereign SDG Bond issued globally, in order to provide comprehensive analysis, the study will be delivered as a team by two different consultants (national and international-based, at which they will co-write the final report).

• The national consultant will be responsible to analyze the national context of SDG Bond issuance (re: identify national policies and regulations aligned with SDGs, the underlying assets, i.e. government projects that might be linked to SDGs and its impact, institutional framework, national stakeholders engagement required within the issuance and reporting process);
• The international consultant will be responsible to provide expert analysis in SDG Bond issuance and global investment market dynamics, investor analysis, SDG bond principles, standards and taxonomy as well as best practices.

A series of online meetings will be conducted with the Ministry of Finance and UNDP Indonesia for both consultants to share and discuss the study findings. Consultants are then expected to make necessary revisions and produce the final report and recommendations.

Expected Outputs and deliverables

1. Inception (workplan, timeline, proposed methodology, initial assessment) and Draft report (based on the agreed outline between UNDP & both consultants)

2. Final Report and Recommendation – based on the inputs from UNDP & Ministry of Finance

• Academic Qualifications:

  PhD in economic, finance, management, or environment, social development, public policy (preferably in sustainable development).

  Years of experience:

• Minimum 8 years experiences in developing and conducting study related to SDG-related initiatives, green and/or sustainable bonds issuance, public finance;
• Substantive experience in working with regulators in Asian countries, having established relationship/ engagement with Indonesian Ministries is highly desirable);
• Demonstrated knowledge of the international/national green and sustainable bonds market, framework, issuance modalities and procedures, including requirements and guidelines

• III. Competencies and special skills requirement:

• Analytical skills, communications abilities, teamwork.
• Strong motivation & ability to work & deliver under short deadlines.
• Focuses on impact & result for the client & responds positively to critical feedback.
• Able to work independently with little or no supervision.
• Strong understanding of Indonesia’s governmental framework, including SDG and Green Bond-related policy and other related regulations in Indonesi