To leverage the Philippine capital market for climate project funding and support the country's NDC, it is crucial to develop thematic financial instruments and promote their application. Specifically, there is a need to develop a contextualized guide for public and private stakeholders to raise awareness, deepen knowledge, and offer guidance on sustainable capital markets instruments.

The Sustainable Capital Markets Instruments Handbook for the Philippines will act as a guide for issuers, investors, and intermediaries of sustainable financial instruments. It will serve as a toolkit and reference guide to help stakeholders familiarize with the fundamentals of sustainable finance instrument, the best practices in the sustainable finance capital markets, and the applicable guidelines on issuance and investment on these instruments. 

SELECTION OF CONSULTING FIRMS BY THE WORLD BANK GROUP

REQUEST FOR EXPRESSION OF INTEREST (EOI)

Electronic Submissions through WBGeProcure RFx Now

ASSIGNMENT OVERVIEW

Assignment Title: Sustainable Capital Markets Instruments Handbook Development for the Philippines Capital Markets, The 30x30 zero Philippines project 606287

Assignment Countries: Philippines

ASSIGNMENT DESCRIPTION

International Finance Corporation (“IFC”), a sister organization of the World Bank and member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. Visit www.ifc.org

The Scaling up Climate Finance through the Financial Sector Project (30 x 30 zero program) is one of the IFC’s key climate finance advisory initiatives. It aims to significantly increase private sector funding for climate mitigation and adaptation projects in the Philippines in alignment with the country’s Nationally Determined Contribution (NDC) targets.

To effectively utilize the Philippine capital market for climate project funding and support the country's NDC, it is essential to develop and promote thematic financial instruments among market participants. This involves creating a tailored guide for public and private stakeholders to raise awareness, enhance understanding, and provide direction on sustainable capital market instruments. Thus, IFC seeks to hire an external consulting firm that will assist in developing the Sustainable Capital Markets Instruments Handbook. The Handbook will cover various thematic capital market instruments, including their overviews, the country benchmarks and standards, a step-by-step guide for preparing and executing successful thematic capital market issuances, detailed case studies, and reference materials. It will be designed for use by potential issuers, investors, arrangers, rating agencies, external reviewers, and other intermediaries and stakeholders in the capital market.

ELIGIBILITY

·         Extensive consulting expertise and a demonstrated track record of successful development of reports, guidelines, policies, strategies, and handbooks related to Climate/Sustainable finance, particularly emphasizing the capital markets in developing countries; 

·         Understanding of sustainable capital market conditions in global, regional, and national contexts especially in emerging markets;

·         Proven track record on successful completion of similar assignments;  

·         Strong knowledge in climate/green finance, sustainable development, banking, and capital markets and knowledgeable on related best practices; 

·         Extensive understanding of corporate sectors and domestic capital market landscape; 

·         Well-developed client relationship skills and sensitivity in dealing with the Philippines government authorities, the regulators and local market stakeholders; 

·         High level of written skills in English; 

·         High level of technical skills in conducting research, policy review, and documentation.

SUBMISSION REQUIREMENTS

The World Bank Group invites eligible firms to indicate their interest in providing the services. Interested firms must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc. for firms; CV and cover letter for individuals). Please note that the total size of all attachments should be less than 5MB. Firms may associate to enhance their qualifications unless otherwise stated in the solicitation documents. Where a group of firms associate to submit an EOI, they must indicate which is the lead firm. If shortlisted, the firm identified in the EOI as the lead firm will be invited to the request for proposal (RFP) phase.

Expressions of Interest should be submitted, in English, electronically through WBGeProcure RFx Now

NOTES

Following this invitation for EOI, a shortlist of qualified firms will be formally invited to submit proposals. Shortlisting and selection will be subject to the availability of funding.

Only those firms which have been shortlisted will be invited to participate in the RFP phase. No notification or debrief will be provided to firms which have not been shortlisted.

If you encounter technical difficulties while uploading documents, please send an e-mail to the Help Desk at corporateprocurement@worldbank.org prior to the submission deadline.