Link to Atlas Project

Overview

UNDP seeks to broaden its portfolio of financing instruments to include a combination of performance-based grants, revolving funds, reimbursable loans (to and from UNDP) and guarantees, to finance development activities and help attract other capital for blended finance. Being a United Nations entity, with a distinct legal framework based upon international law, there are a number of changes that need to be made to allow the broaden of the portfolio. These include the establishment of an advanced financial framework for these new instruments, beyond the traditional grants modality. This financial framework must complement existing systems and regulations, and address loan collection challenges within UNDP’s legal framework.

As UNDP broadens the portfolio of financial instruments, changes will be required to UNDP’s existing financial frameworks, including its Financial Regulations and Rules, Internal Control Framework and related policies and procedures. Notwithstanding the need for these changes, given UNDP’s requirements to avoid cross-subsidization between sources of funds, any borrowing must be contained to fund select project activities, and be fully sustainable from the cash flows generated from those project activities.

Interested bidders may apply via this link:

https://jobs.undp.org/cj_view_job.cfm?cur_job_id=70932