TONGA: INDIVIDUAL CONSULTANT - MOF RISK MANAGEMENT FRAMEWORK

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 BACKGROUND

Pacific Island Countries (PICs) are dispersed across the world’s largest ocean and while generally small in land area, have large oceanic resources and are highly diverse geographically, economically, ecologically and culturally. PICs are highly exposed to the adverse effects of climate change such as tropical cyclones, sea-level rise, droughts and increasing temperatures which are negatively impacting their economies, human and physical capital, and long-term resilient development. Access to finance for Small Island Developing States (SIDS) thus needs to be accelerated and funds mobilized and translated into project implementation with urgency. However, despite some success in project approval, the scale and pace of financial flows in the region is not commensurate with the existential threat posed by climate change to Pacific nations.

Mobilisation and implementation of climate finance is beset by various challenges: international development and climate finance architecture is complex, there are data gaps for design of mitigation and adaptation projects and high transaction costs and small project sizes make it difficult to attract investments.

A major barrier to access, absorb and deliver climate finance is limited preparedness and capability in key institutions such as government ministries, national funds, regional and national accredited entities and development banks. This means that even when climate finance is approved there can be considerable delays in deploying this funding. Lessons learnt from completed climate change projects are also not collated, shared nor proactively utilized to inform new projects. New mandates for fast-tracking climate finance delivery and implementation stemming from COP26 signalled that increased finance flows are about to be available to SIDS. PICs must be able to seize this opportunity. The next five years is therefore critical for unlocking access to finance in PICs and supporting them to strengthen absorption and delivery capacity to enable implementation before 2030.

For this reason a program was developed “Strengthening Institutional Capability to Access, Absorb and Deliver Impactful Climate Finance in the Pacific” by the Global Green Growth Institute and the Foreign Commonwealth and Development Office of the Government of the United Kingdom and funded by the UK as part of the SIDAR Programme.

The Programme aims to increase PICs’ resilience and adaptive capacity to climate change and reduce their CO2 emissions in line with National Adaptation Plans and NDC commitments through enhanced capacity and institutional capability to improve access to climate finance and strengthen their absorptive capacity for efficient delivery of impactful climate change programmes. Its two main outputs are:

In the case of Tonga we are looking to supplement capacity building and technical expertise through an International consultancy for a determined period of time. This training will include needs expressed by the Ministry of Finance to increase the absorption capacity of Climate Finance for Tonga.

OBJECTIVES OF THE ASSIGNMENT

The Consultant will lead the development of a comprehensive Enterprise Risk Management and Business Continuity (ERM & BC) policy and implementation framework for the Ministry of Finance (MoF):

OUTPUTS, ACTIVITIES, AND DELIVERABLES

The Consultant will deliver the outputs specified below:

PAYMENT SCHEDULE

Deliverable

Due Date

% of Payment

Deliverable 1: An inception report with: assessment of MoF’s current ERM & BC situation and Risk Register baseline; proposed detailed scope of work and work breakdown schedule that outlines the work plan, timelines, milestones and deliverables.

3 Weeks after start date

20%

Deliverable 2: A detailed ERM & BC policy and implementation framework reflecting MoF’s vision, mission and strategic direction. The implementation framework should include a proposed training schedule for MoF stakeholders and clear Monitoring, Evaluation, Accountability, Research and Learning (MEARL) indicators for measuring success;

2 months after start date

30%

Deliverable 3: Deliver awareness/training of MoF’s staff, management and partners on ERM & BC policy.

3 months after start date

30%

Deliverable 4: Final Report, this should conclude the results of the Consultancy including:

4 Months after start date

20%

**The consultancy is expected to be at least 3 months based in Tonga. In the case of the consultant NOT being origInally based in Tonga – ONE return travel in economy class will be paid as well as per diem and hotel according to GGGI travel rules and regulations.

EXPERTISE REQUIRED

The description of required expert may be split into following parts:

ADMINISTRATIVE INFORMATION

Date to close is 29th March 2024, 11:59PM 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.