BRVM FOR MARKET PARTICIPANTS CAPACITY ENHANCEMENT AND GSSS BONDS ISSUANCE
Global Green Growth Institute (GGGI)
Individual Consultant 5 Consultancy Close on 17 Jul 2024
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.
Cote d’Ivoire government has affirmed BRVM and GGGI's role in developing the green bond market, indicating readiness to collaborate on initiatives such as a further campaign awareness, education, and Green Bond Accelerator Programs. In accordance with the Partnership Agreement signed on 25th April 2024 and the subsequent MOU, GGGI, in cooperation with BRVM, will develop a market assessment and organize a Green Bond roundtable workshop, as endorsed by the Cote d’Ivoire government.
GGGI is looking to hire a consultant. Overall, the objectives of the assignment are geared towards promoting the integration of sustainable finance practices, addressing existing gaps in policy and stakeholder capacity, and facilitating collective efforts towards achieving sustainability objectives within the WAEMU sub-region.
The service provider shall cover the following:
1) Analysis of Policy Initiatives and Regulatory Frameworks: The assignment aims to thoroughly examine existing policy initiatives and regulatory frameworks related to the issuance of sustainable bonds (GSSS) within WAEMU. This involves assessing the effectiveness, comprehensiveness, and alignment of these frameworks with sustainable finance goals.
2) Identification of Gaps: Through the analysis, the assignment seeks to identify gaps within the current policy and regulatory frameworks. These gaps could include areas where policies are insufficient, inconsistent, or do not adequately address the needs of promoting sustainable finance practices.
3) Evaluation of Stakeholder Participation: The assignment involves identifying key participants and stakeholders involved in the issuance process of sustainable bonds. It also aims to evaluate their capacity and readiness in implementing sustainable finance practices and utilizing green finance instruments.
4) Recommendations for Improvement: Based on the identified gaps and stakeholder assessments, the assignment aims to provide actionable recommendations for enhancing policy frameworks and stakeholder capacity. These recommendations may include suggestions for policy amendments, capacity-building initiatives, or stakeholder engagement strategies.
5) Facilitation of Dialogue and Collaboration: Additionally, the assignment seeks to support the organization of roundtable discussions and workshops involving key stakeholders. These activities aim to foster dialogue, knowledge-sharing, and collaboration among stakeholders to advance sustainable finance goals within the sub-region.
The expected outputs and deliverables of the consultant / service provider are as follows:
Output A – Gap Analysis section: of current policies and regulatory frameworks that promote environmentally and socially responsible projects to encourage the issuance of GSS bonds.
Deliverables
Output B – stakeholder analysis section: to seamlessly integrate sustainable finance practices in their operations.
Deliverables
Output C – Roundtable discussion plan.
Deliverables
Output D – Workshop plan.
Deliverables
Output F – materials.
Executive summary
Deliverables
Appendices
Deliverables
This assignment shall be completed over 45 working days within a 6-month period from the contract effective date as follows:
| # | Deliverable Description | Deadline | KPI | Payment (% of Contract Value) |
| 1 | Prelim Gap analysis and readiness report (no more than 15 to 20 pages): providing the current sustainable bonds issuance landscape in WAEMU. Identifying 1) main gaps within policy and regulatory frameworks and potential impacts 2) prelim recommendations for addressing identified gap 3) key participants and stakeholders 4) assessment of their respective readiness and capacity gaps 5) prelim recommendations in addressing identified gaps 6) detailed plan for organizing roundtable | Within 6 weeks after contract signature | Report after a kick start meeting with BRVM and GGGI. Prelim Report including recommendations that would be presented at the roundtable with BRVM and other identified key stakeholders. | 20%
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| Roundtable participation for discussion | 10% | |||
| 2
| Final readiness report (no more than 25 to 30 pages): providing additional recommendations following roundtable discussion with focus on 1) on addressing identified gaps with focus on improving policy and regulatory frameworks 2) on addressing stakeholders capacity gaps and engagement 3) comprehensive plan for organizing 1 to 2 workshops to enhance capacity 4) screen and prepare a long list of prospective/potential thematic bond issuers within the region both in private and public sectors (optional) | Within 12 weeks after contract signature | Final report presented at a meeting with BRVM and GGGI, outlining workshop objectives, content and methodologies, timeline, and logistics for implementation. | 30% |
| Workshop participation and coordination | 15% | |||
| 3 | Materials submission: concise summary with 1) main finding and recommendations, 2) gap and readiness analysis 3) proposed actions to address gaps and enhance capacity 4) supplementary materials 5) copies of relevant documents. | Within 20 weeks | Meeting with BRVM and GGGI to present final summary that would be approved by both GGGI and BRVM | 25% |
The assignment will focus on one hand, on the gap and readiness analysis report aim to provide a comprehensive understanding of the current landscape surrounding sustainable bonds issuance within WAEMU, identify areas for improvement, and propose actionable recommendations to enhance the effectiveness of policy frameworks and stakeholder engagement in sustainable finance practices.
To effectively conduct the mission described, the service provider would require a combination of expertise, competencies, and qualifications split into following parts:
