ASSESSING
FEASIBILITY OF A RESULTS-BASED-PAYMENT MODEL FOR FLOOD RESILIENCE
BACKGROUND
In 2018, Mercy Corps commissioned a landscape study
exploring innovative finance options to address flood resilience in the coastal
city of Semarang, Indonesia. This work builds off Mercy Corps’ nearly 20-year
long history of community programming in Indonesia and recent work in the
Zurich Flood Resilience Alliance. In addition to providing background
information on causes of increasing flooding, the study explained multiple
types of bond structures relevant to resilience financing, presented existing
interventions in flood resilience, and proposed potential applications in
Semarang.
An impact bond structure focused on resilience outcomes
has been identified as the most appropriate for Semarang’s context. Potential
identified interventions include green infrastructure and solid waste
management. The next steps include a
further investigation into the feasibility of the idea and gathering the
necessary data and stakeholders to have the structure ready for issue.
SCOPE
OF WORK
Mercy Corps is currently assessing the
feasibility of developing a flood resilience impact bond (FRIB) to serve as a
tangible pilot case study for innovative climate finance sector. This role will
lead the associated research and engagement work for the development of the
FRIB in Indonesia. Depending on the outcomes of the ongoing feasibility mapping
phase, there is potential for this role to develop into a longer-term role. In
close collaboration with colleagues in the Mercy Corps Indonesia and London
office, the consultant will be responsible for the following:
1. Support the identification
of appropriate interventions and partners
·
Which interventions will be most
effective in reducing flooding?
·
What is the ease of implementation of
the intervention(s) relative to eachother and/or in combination?
·
Are there local actors who are
experienced in such interventions that can serve as the official service
providers?
2. Support the definition of appropriate
metrics by exploring the following questions:
·
Is the overall cost of the intervention(s)
appropriate for an impact bond structure?
·
Can the impacts of the interventions
under consideration be modeled accurately, and by whom?
·
What data is typically collected
relating to the intervention? Is the data collection process reliable? If not,
how hard would it be to establish a robust process?
·
What could be the key metrics upon
which the FRIB’s outcomes payments could be based?
·
What kind of monitoring and evaluation
system would be needed to support the development of an impact bond structure?
3.Research what is needed to ensure
compliance of the proposed structure with all relevant legislation and
regulation
OUTPUTS
1..
Meetings/interviews/workshops with
local and national stakeholders that include key national staff of Mercy Corps
Indonesia
2.
Stakeholder map (initial draft submitted within 5
months of consultancy’s commencement)
3.
Metric definition scoping document (initial draft
submitted within 3 months of consultancy’s commencement)
WORKING
PERIOD AND PAYMENT
Seven (7) months, starting as soon as possible based in either Semarang
or Jakarta Indonesia. Payment will be in two parts: one upon submission of
initial findings and one upon finalization.
KNOWLEDGE
& EXPERIENCE
1.
3-5 years experiences in impact bond, results-based-financing,
and/or innovative financial model development
2.
Strong understanding of flood resilience
issues including measurement
3.
Good understanding on urban and
regional development context especially on the land use and spatial planning
context, including urban-rural connection and/or upstream-downstream connection
in ecosystem context
4.
Proven experience in building and
managing partnership with local and national stakeholders; both government and
non-government actors
5.
Demonstrated proficiency in writing
bilingual (English & Bahasa) reports
PRODUCT
OWNERSHIP
Mercy Corps Indonesia has the full ownership rights on any assessment
conducted under this contract. The consultant could utilize the assessment
result with prior approval from Mercy Corps Indonesia related to public
utilization, distribution or publication of assessment result or other
materials, including other dissemination activities for materials generated
from this working contract.
Applicants
should send their CV by email to procurement@id.mercycorps.org
Closing
date: March 22nd 2019
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