Deutschland - Finanz- und Versicherungsdienstleistungen - 81321667-Capacity and organizational development of key public institutions on sustainable finance

The project "Strengthening sustainable finance in Senegal" (02/25-01/28), mandated by the German Federal Ministry for Economic Cooperation and Development (BMZ) aims to strengthen sustainable financing in the financial sector in Senegal. It advises and develops the skills of political decision-makers as well as financial sector actors. A main activity is supporting the development and implementation of the Senegalese green finance taxonomy. The project also includes advisory services to financial institutions to develop and apply innovative sustainable financing instruments. In this way, the project contributes to improving the conditions for a green and socially just financial market in Senegal. On a macro level, the project cooperates closely with the the Ministry of Finance and Budget (MFB), Ministry of Environment and Ecological Transition (METE), Ministry of Economy and Planning (MEPC) and the Central Bank of West African States (BCEAO). The downstream project structures also include the public development banks, primarily the National Development Bank (BNDE), the Agricultural Bank (LBA), a state-owned investment fund (FONSIS) as well as commercial banks and to a lesser extend microfinance institutions. The topics of cooperation include scaling sustainable financing through innovative financial instruments, sustainable business models and pipeline building, and risk management strategies. The project intervenes primarily at macro and meso level. It supports senior officials from the all relevant ministries and regulatory and supervisory entities who aim to enhance their policy-making and financial oversight skills regarding sustainable financing. Additionally, senior staff from financial institutions and private sector companies are also targeted. The project encompasses two primary outputs. Output 1 focuses on policy advice. It involves providing advice and capacity building to the Ministry of Finance and other stakeholders within the financial sector on developing a gender-sensitive national strategy and ensuring policy coherence for sustainable finance, including advice on gender mainstreaming. Moreover, it includes advising on the development and implementation of a green taxonomy. Output 2 addresses financial instruments and tools for sustainable financing. This involves consulting with financial sector stakeholders to develop innovative sustainable financing instruments, products, and models, such as green bonds. It also includes providing technical advice to financial sector stakeholders on creating risk assessment and de-risking strategies, as well as offering technical advice on developing ESG risk management tools to address climate change and environmental-specific portfolio risks, along with financial disclosure. Furthermore, it entails mapping planned sustainable large-scale public and private sector projects regarding financing capacity, including identifying potential financing sources, mechanisms, and instruments, and assessing their alignment with green taxonomy and responsible investors" requirements. The output also supports networking and matchmaking between project developers and investors for selected large-scale projects, and facilitates peer learning through international networks and initiatives focused on climate, environment, and sustainability finance. The tasks to be performed by the contractor are related to the output 1and 2, in particular the activities comprising advice and capacity building for the Commission for Sustainable Finance and MFB in its role as coordinator of the subject and the establishment of the Climate Finance Unit which will be responsible for the activities related to identifying green large-scale projects and promoting their financing. To fulfil the objective of this tender, there are four work packages (WP) that are structured according to the different instruments and tools that should be supported in the financial sector in Senegal. WP1 aims to support the regulatory and institutional framework on sustainable finance in Senegal. It involves reviewing the existing framework, analyzing national and regional legislation, and analysing the institutional landscape. It includes providing a report on the regulatory framework, elaborating recommendations and a roadmap, and presenting results to stakeholders. Additionally, it involves a report on the institutional analysis and recommendations to be presented. WP2 aims to improve the sustainable project selection and maturity in cooperation with the to be established Climate Finance Unit. It involves assessing existing structures for mapping sustainable projects, developing sustainability criteria, and providing strategic advice. It includes comparing current criteria with international standards, creating a concept note and matrix, discussing with stakeholders, offering capacity development, testing the criteria matrix on two projects and identify funding sources, and evaluating the relevance of the SOURCE platform. WP3 aims to provide member organizations of the Sustainable Finance Steering Committee (CoPil-FD) with tailored capacity and organisational development. It includes organizational advice, such as checking CoPil-FD's workplan, proposing procedural adaptations. A capacity needs assessment and market analysis among public stakeholders will be conducted, followed by a short report shared with GIZ and partners. At least two identified topics will be integrated into CoPil-FD's strategic action plan, with educational material prepared by consultants. Ad-hoc capacity building will be provided for government officials, focusing on deepening understanding of committee workplan topics. The package also involves checking membership status in relevant international networks and suggesting measures to support participation, as well as enhancing visibility by proposing a concept note for a high-level forum on sustainable finance. WP4 aims to support the implementation of five strategic activities from the CoPil-FD action plan. Due to time constraints, some pre-defined activities will start within the first 3 months of the contract. This work package includes deepening strategic advice and capacity development to translate strategic objectives into action for CoPil-FD members. Consultants will provide strategic advice, technical advisory services, and organisation of workshops. All activities are tailored to the needs and demands for the partners. All activities are to be conducted in close cooperation with the main implementing partners the financial institutions and the GIZ project team, as well as the political partner Ministry of Finance (MFB). An important criterion for the services to be provided is to cooperate with other service providers working on the implementation of the Senegalese green taxonomy.