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Introduction

The Sustainable Development Goals (SDGs) are the most ambitious collective development endeavor attempted, requiring the world to equally ensure social governance, economic inclusion, and environmental protection by 2030. There is a growing recognition of the need for more integrated approaches to financing, where public and private sources of finance contribute to sustainable development.

This is a central feature of the Addis Ababa Action Agenda (AAAA), which calls for the SDGs to be implemented through nationally owned sustainable development strategies supported by integrated national financing frameworks. Integrated national financing frameworks bring together financing and related policies most relevant to addressing a country’s financing challenges.

In recent years, many countries, both with and without majority Muslim populations, have explored issuing sukuk the Islamic finance equivalent of bonds to diversify their investor base. While sovereign sukuk and conventional bonds share similar financial outcomes, sukuk is distinct in that it is structured around the transfer of ownership or usage rights to an underlying asset, in accordance with Islamic law (Sharia).

As Zanzibar works toward Vision 2050 and the 2030 Agenda for Sustainable Development, private sector financing and innovation are crucial to meeting the country's development goals. Islamic finance, with its focus on financial stability, inclusion, and impact investing, offers a promising alternative to traditional finance, supporting Zanzibar’s broader development efforts and long-term sustainability.

The Revolutionary Government of Zanzibar (RGoZ) has partnered with UNDP to develop a Zanzibar Sukuk Sustainable framework. This framework aims to support the government's efforts to issue a sustainable Sukuk for mobilizing alternative financing to accelerate inclusive and environmentally sustainable growth. It also seeks to promote social development, align with the SDGs, and enhance Zanzibar's capacity to diversify its funding sources. This framework has completed required internal and external reviews to ensure it meets necessary standards and is now ready for a second-party opinion process. 

To accomplish this, UNDP is seeking to procure the services of a competent service provider capable of providing Second-Party Opinion for Zanzibar Sustainable Sukuk Framework.

Interested firms are encouraged to submit bids related to Consulting Services for Second-Party Opinion for Zanzibar Sustainable Sukuk Framework

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UNDP OFFICE TANZANIA

PROCUREMENT UNIT

Documents :

Negotiation Document(s) (Before Accessing other negotiations Document(s), please click on this link)