Climate and Disaster Risk Financing and Insurance instrument design, Quality Assurance & Evidence Generation

The WFP Climate and Disaster Risk Financing and Insurance Team, under the Programme, Policy and Guidance Division (PPG) seeks to help climate -vulnerable communities avert, minimize and address the loss and damage associated with the adverse effects of climate change through the establishment of climate and disaster risk financing and insurance instruments (CDRFI).

Through promoting CDRFI instruments which can offer rapid financing to affected communities, the WFP Climate and Disaster Risk Financing and Insurance Team is looking to establish Long Term Agreements with technical service providers who can provide technical support with the below 2 services:

1) The design of financial instruments and triggers (i.e. trigger-based contingency funds, insurance products, catastrophe bonds, index-based savings or credit lines, etc.) and

2) Evidence generation and quality assurance of WFP’s CDRFI instruments, including assessments on effective combination of financial instruments

Through the design of financial Instruments and Technical Assistance, WFP expects the Offeror, to: i) design financial instruments and triggers; ii) provide technical assistance and capacity building on the financial instruments developed to selected stakeholders.

Through Quality Assurance, assessments will be conducted to ensure the quality of WFP’s existing or prospective CDRFI instruments, ensuring best quality and value for money for WFP and its beneficiaries. Through the evidence generation workstream, research, studies, and assessments will be conducted on the added value and benefits of CDRFI instruments to ensure the effective scale up and sustainability of these instruments as well as exploring how different financial instruments can be combined to achieve greater outcomes.

WFP invites eligible suppliers to express their interest in providing the requested services.