Global solidarity to finance the Sustainable Development Goals

Achieving sustainable development depends on incremental investments in six priority sdg-atlas-2018-cover-400pxtransformations: building human capacities (health, education, new job skills); decarbonising energy; promoting sustainable agriculture and biodiversity; building smarter cities; implementing the circular economy; and harnessing the digital revolution. As such, sustainable development and the 17 Sustainable Development Goals (SDGs) in particular pose a financing challenge. There are three distinct financing conundrums to solve: financing complex infrastructure, financing public services and amenities, and shifting investments from unsustainable to sustainable technologies. I discuss these in turn.

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eC2: Investment Funding Mechanisms and Institutional Set-up Options for a National Urban Flood Risk Investment Program for Indonesian Cities

Extended deadline!

Deadline: 23-Oct-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)

The World Bank is supporting the Government of Indonesia to address critical urban indonesiaflood risk management and investment needs in Indonesia. This technical assignment will assist with the development of a conceptual framework design for a national urban flood risk reduction investment program, which could comprise risk reduction investments, technical capacity building, knowledge sharing, and innovation generation. The key output will be a conceptual framework and sustainable implementation model for the proposed program that addresses the identified needs through proposed financial and organizational arrangements; makes recommendations for any needed regulatory/institutional/financial arrangements; and propose an overall action plan and timeline to put the program into effect. The team will be expected to provide technical advice on public financial management, municipal finance, disaster risk management, flood risk management, and urban development.

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eC2: END-OF-PROGRAM EVALUATION OF ENTREPRENEURSHIP PROGRAM FOR INNOVATION IN THE CARIBBEAN (EPIC)

Deadline: 17-Sep-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)

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Assignment Description: infoDev is conducting an end-of-program evaluation of EPIC to assess the effectiveness, efficiency, relevance, and sustainability of the program, as well as to extract lessons that can recommend effective operational approaches for the future implementation of entrepreneurship development programs in the region. The main objective of the assignment is to carry out an independent end-of-program evaluation of the EPIC program, in compliance with Trust Fund agreement.

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World Bank Group Exceeds its Climate Finance Target with Record Year

Fiscal Year 2018 sets record with $20.5 billion in finance for country-level climate action

WASHINGTON, July 19, 2018 – The World Bank Group announced today that in fiscal appyear 2018, 32.1 percent of its financing had climate co-benefits – already exceeding the target set in 2015 that 28 percent of its lending volume would be climate-related by 2020. This amounted to a record-setting $20.5 billion in climate-related finance delivered in the last fiscal year – the result of an institution-wide effort to mainstream climate considerations into all development projects.

The 28 percent target was a key goal of the Bank Group’s Climate Change Action Plan, adopted in April 2016, and was designed to support countries to deliver on their national goals under the Paris Agreement on climate change.

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MDB Climate Finance Hit Record High of US$35.2 billion in 2017

1395245055298An increase of nearly 30 per cent on the previous year, boosting projects that help developing countries cut emissions and address climate risks.

WASHINGTON, June 13, 2018 – Climate financing by the world’s six largest multilateral development banks (MDBs) rose to a seven-year high of $35.2 billion in 2017, up 28 per cent on the previous year.

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Achieving Financial Inclusion: Fintech, account usage, and innovation

Submitted by H.M. Queen Maxima of The Netherlands on June 14, 2018

For almost a decade, the global community and national governments have made concerted efforts to expand financial inclusion—creating a financial system that works for all and opens the doors to greater stability and equitable progress.

madagascar_0This has been a demanding challenge. At the start of our engagement on financial access back in 2013, we said that having a real target with an end date would keep us focused and give us a benchmark against which we could measure progress.

Last month we learned that we have made strong and consistent progress—a real cause for celebration. According to the Global Findex database, more than half a billion people gained a financial transaction account over the last three years, thanks to a combination of technology, private investment, policy reforms, and support from the global community. Since 2011, the share of adults with formal accounts has risen from 51 percent to 69 percent, and financial access has expanded to include an additional 1.2 billion people.

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eC2: Developing Agri-finance value proposition and digitizing Agri Value Chains

Deadline:  07-May-2018 at 11:59:59 PM (Eastern Time – Washington D.C.) agriculture-youth

Objective: IFC advisory services program for agriculture finance, under the Financial Institutions Group (FIG) department was approved and launched in 2015. The 5-year program works with commercial banks, microfinance banks, non-bank financial institutions such as leasing, insurance companies, and commodity exchanges amongst various players to develop a broad range of financial services for the agriculture sector, including credit, savings and transactional products. The program supports IFC financial institutions clients to increase lending to the agriculture sector and to indirectly create access to finance opportunities for smallholder farmers in Sub-Saharan Africa. IFC Digital Financial Services (DFS) advisory services program, also under the FIG department, supports microfinance institutions (MFIs), banks, and mobile network operators (MNOs) across the African continent to develop and text innovative business models for financial inclusion.

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eC2:Agriculture sector and crop value chains mapping and finance gap assessment in Sierra Leone and Senegal

pexels-photo-264537.jpegDeadline:  21-Mar-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)

Objective: The IFCs FIG aims to reduce the agribusiness finance gap in emerging markets and achieve large-scale food-supply impact in Sierra Leone and Senegal, by providing financial institutions (FIs) with Investment and Advisory Services. FIG would like to hire a consulting firm to carry out a mapping exercise of the agricultural sector and some pre-selected crop value chains, aligned to the agricultural development policy and/ or strategy of the country. This will include a detailed analysis of the value chain actors and facilitators, the role and impact of FIs (banks, micro-finance institutions, savings and credit co-operatives) and an assessment of the existing and potential financial services delivery channels, especially agency banking and DFS, with respect to rural smallholder farmers.
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eC2:Agriculture sector and crop value chains mapping and finance gap assessment in Mozambique and Malawi

Deadline: 21-Mar-2018 at 11:59:59 PM (Eastern Time – Washington D.C.) agriculture-youth

Objective: The IFCs FIG aims to reduce the agribusiness finance gap in emerging markets and achieve large-scale food-supply impact in Mozambique and Malawi, by providing financial institutions (FIs) with Investment and Advisory Services. FIG would like to hire a consulting firm to carry out a mapping exercise of the agricultural sector and some pre-selected crop value chains, aligned to the agricultural development policy and/ or strategy of each country. This will include a detailed analysis of the value chain actors and facilitators, the role and impact of FIs (banks, microfinance institutions, Savings and Credit Co-operatives) and an assessment of the existing and potential financial services delivery channels, especially agency banking and DFS, with respect to rural smallholder farmers.

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eC2: Assessing the Business Opportunity of Women Markets for Financial Institutions in Tunisia and Egypt

Deadline: 11-Nov-2017 at 11:59:59 PM (Eastern Time – Washington D.C.)

Objective: The International Finance Corporation (IFC), the private sector arm of the Word Bank Group, partners with Financial Institutions (FIs) through the provision of Advisory and Investment Services to build their capacity in order to recognize and serve women markets. Through the MENA Women Banking Champions Program, IFC aims to build capacity of FIs to cater to Women segments; (as entrepreneurs/professionals, employees, housewives, pensioners, etc.) in a sustainable and profitable manner. IFC is recognized as a leader in this space, evident by its previous successful engagements of establishing Women Banking Champions across the MENA region and globally. To support FIs in Tunisia and Egypt, IFC will be selecting a consulting firm to develop a market research to Assess the Business Opportunity of Women Markets for Financial Institutions in each country. The main objective is to size the business opportunity for FIs and identify the demand/needs for financial services of Women Markets.

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