Together with a 50 M EUR Credit facility, the Investment and Development Fund of Montenegro (IDF) has received a grant from Agence Française de Développement ("AFD") and intends to use the funds thereof for payments under the following project : Technical Assistance program to support the implementation of the AFD Credit Facility and contribute to build IDF’s capacity on climate finance and on E&S risk management.
The purpose of this assignment is thus to :
(i) Support for the definition and implementation of a Climate Strategy and the design / improvement of a range of green finance products;
(ii) Support for the implementation of the climate action component of the credit facility;
(iii) Assist IDF in the implementation of a pre-defined E&S action plan for the design and implementation of an E&S management system (ESMS);
(iv) Verify the use of funds through audits / ex-post assessments.

The corresponding activities to achieve the aforementioned project objectives will typically include completing the following tasks and sub-tasks:
 Main Tasks for Component 1: elaboration and implementation of a climate finance strategy/policy, integration of climate issues in internal procedures (at credit appraisal stage, identification and monitoring of climate risks, etc.), capacity building activities, support for IDF in the development green finance offer (beyond AFD-IDF programme) and its commercial promotion toward final beneficiaries.
 Main Tasks for Component 2: support in the identification of eligible and bankable climate-related projects, assessment of projects’ eligibility, support in the monitoring and implementation of the AFD Group’s credit facility (preparation of implementation progress reports, impact indicators reporting), support to IDF for marketing and communication activities: marketing and communication tools to promote the project and the eligible climate investments, awareness campaigns, institutional relations.
 Main Tasks for Component 3: support to elaborate an E&S policy and other related tools such as an updated exclusion list; support to elaborate and implement an E&S risk management policy, procedures, tools and assessment (e.g. classification tool); definition of sector-specific guidelines if necessary; capacity-building activities; support to E&S due diligence on sub-projects.
 Main Tasks for Component 4: ex-post verification of eligible projects, audits to verify the use of funds.
Note! Other tasks not presented here may be included in the Request for Proposals transmitted to shortlisted consultants.

The Consultant will be an international consulting firm or a group of firms of a global, regional and local expertise with local-based support capacity and shall be able to demonstrate:

1. a know-how in the design and the management of long-term TA and capacity building programmes;
2. a strong background in strategy and finance advisory service and an extensive experience in working alongside financial institutions, especially within the banking sector (SME / corporate, project finance) including on E&S risk management issues;
3. an internationally renowned expertise in the development and the implementation of climate finance strategies and a knowledge of innovative climate finance tools and solutions with a strong background in mitigation and adaptation to climate change;
4. a proven experience in technical evaluation and design of complex bankable projects in sectors such as renewable energy, energy efficiency, waste and water management, agriculture and rural development, agroforestry, sustainable tourism and other relevant fields.

The Consultant shall have relevant experience in all areas needed for the performance of the assignment as described above, including relevant sector and regional experience. An experience in innovative climate finance tools and solution with strong background in mitigation and adaptation to climate change applicable for development financial institution or other financial institution aligned to the technical screening criteria proposed in the Sustainable finance, TEG final report on the EU taxonomy would be beneficial.

The TAF will be required to work in English as the main language, besides Montenegrin language. The consultant's team should be able to communicate effectively and submit main deliveries in English. Some of the team members should be able to communicate effectively and submit deliveries in Montenegrin language.