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REQUEST FOR EXPRESSIONS OF INTEREST- DEVELOPMENT FINANCE CORPORATION (DFC): CONSULTANCY TO STRENGTHEN CAPACITY IN DUE DILIGENCE FOR CLIMATE RISK ASSESSMENT OF SUB PROJECTS.
The Development Finance Corporation (DFC) has embarked a bold Strategic Development Plan – “Strategy 2021: Building resilience against Climate Change and Economic Volatility”. A strategic priority of the plan is building resilience to the effects of climate change, and to ensure that consideration of climate change risks is reflected throughout DFC’s lending operations. Within this context, the Caribbean Development Bank (CDB) approved a technical assistance grant to integrate appropriate climate risk assessment provisions into DFC’s investment policies and procedures, and to strengthen staff skills in order to improve the Corporation’s overall due diligence process in its credit function to ensure the sustainability of its operations.
DFC now wishes to procure consultancy services to strengthen its capacity in due diligence for climate risk assessment of financed sub projects (credit lines). The overall objective of the technical assistance is to improve the institutional capacity of DFC to assess and manage climate risks in its credit delivery and administration processes. The detailed Terms of Reference for this consultancy can be viewed on the DFC’s Website at www.dfcbelize.org
DFC now invites interested eligible individual consultants (or groups) to submit Expressions of Interest for the provision of these consultancy services. Consultants must be from member countries of CDB. The attention of interested Consultants is drawn to paragraph 1.9 of CDB’s Guidelines for the Selection and Engagement of Consultants (2011), setting forth CDB’s policy on conflict of interest. Consultants will be selected in accordance with CDB’s procurement guidelines.
Principal qualifications and experience required to conduct the assignment include:
The following requisite qualifications and experience are required:
- master’s degree qualifications in Climate Risk Assessment, Environmental/ Disaster Risk Assessment or a related field;
- a minimum of 5 years working experience in the areas of climate vulnerability and risk assessments; and
- Experience with training adults for professional development;
- Experience in the implementation of similar projects would be an asset. Specific experience in the Caribbean context is desirable; and
- Resources with excellent written and verbal communication skills.
All information must be submitted in English. Expressions of interest must be delivered in a sealed envelope to the DFC Headquarters at the address listed below no later than 16:00 hours on March 1, 2019. Sealed envelopes containing the submission should include the name and address of the applicant or applicants and should be clearly marked “EXPRESSION OF INTEREST– CONSULTANCY TO STRENGTHEN DFC CAPACITY IN DUE DILIGENCE FOR CLIMATE RISK ASSESSMENT OF SUB PROJECTS.
DFC reserves the right to accept or reject late applications or to cancel the present invitation partially or in its entirety. The DFC will not defray any costs incurred by any applicant in the preparation and submission of Expressions of Interest.
Applicants will be advised in due course of the results of their application.
The Chief Strategist/ Climate Champion.
Development Finance Corporation
P. O Box 40
City of Belmopan
Belize, C. A.
Tel: 1 (501) 822 – 2235/60
Environmental Psychologist and Geographer Dr. Stefanie Baasch says uncertainties about climate change impacts, especially at the local and regional level, could drive inaction. Read more in her exclusive contribution to Caribbean Climate.
Adaptation to climate change is a new and challenging task on the political agendas. Developing strategies and measures for
adaptation are not easy to find because adaptation takes place under conditions of uncertainty, complexity and dynamic developments. On the scientific level there are still deep uncertainties in predicting climate change impacts especially at the local and regional scale.
Also, climate change impacts may interact with each other and may furthermore have a greater adverse effect when acting together compared to when they’re acting in isolation. But even if this data would be available in the future, adaptation still remains challenging because of its high complexity and its dependence on dynamic and interacting societal and natural framework conditions. For example, adaptation capacities are highly dependent on economic and demographic developments.
Simultaneously, adaptation is closely linked to local adaptation needs which are based on locally diverse vulnerabilities. This means that adaptation not only calls for strategies which are focusing on changing natural conditions, but also for integrative strategies that takes both societal and natural conditions into account. Adaptation to climate change is a cross cutting issue that interacts with and influences many policy fields, including nature protection, biodiversity and societal development.
From a psychological perspective, dealing with uncertainties is difficult because people in general feel much more comfortable in decision-making based on certainties, as such uncertainty could lead to justifying inaction. Therefore, dealing with these uncertainties is a crucial task for adaptation to climate change. This includes methodological developments and implementation of flexible approaches which enables stakeholders and decision makers to find solutions and strategies towards adaptation.
Effective and efficient adaptation is calling for governance approaches that involves both public and private actors in the process. The integration of regional and local knowledge and the high local responsibility for supporting and implementing adaptation measures will foster cooperation needs between a variety of actors. Adaptation to climate change is a policy challenge which consists of balancing multi scale, short- mid- and long-term and conflict-ridden (e.g. water and land use) factors.
In general, adaptation is much more a continuous social learning process in which a wide range of actors (policy makers, sectoral stakeholders, citizens, NGOs, researchers etc.) define options for adaptation and negotiate their priorities. That means, adaptation needs methods which are addressing or enabling such social learning processes between diverse actors and therefore have to be participatory and inclusive.
Dr. Baasch is a senior researcher at the Helmholtz-Centre for Environmental Research (UFZ), Department of Environmental Politics currently conducting research in Belize on how NGOs and other key actors, including community based organizations integrate adaptation to climate change in their programs, as well as how they are producing and integrating different kinds of knowledge about local adaptation needs. This study is supported by a travel grant from the Fritz Thyssen Foundation in Germany.