Technical Support
1900000817 Requisition #

The IDB Lab is seeking to retain an Evaluator Consultant to conduct a Terminal Evaluation for a project sponsored by the Global Environmental Facility (GEF)

Background: In the early years of the 21st century, the Latin America and the Caribbean region (LAC or the Region) was experiencing some trends that were converging in a way that could level the play field for renewable energy as a conduit to provide global environmental benefits. These trends were primarily: (a) promotion of renewable energy as a strategy for generating economic savings, environmental benefits and resource diversification; (b) privatization of the electric sector; and (c) an increased awareness of the need for environmental protection. 

However, the perceived most important driver for renewable energy in LAC was demand growth and the increasing interest in growing its installed energy capacity in a more sustainable fashion.  There was increasing evidence of the momentum towards adding clean energy generation throughout LAC by more extensively promoting renewable energy.

LAC provided, and still does, great opportunity for the development of clean energy, and many countries are abundant in natural resources to develop clean energy.  Electricity is, at a core level, a necessity for economic growth and it is a highly valued component for promoting poverty reduction and social development. 

Utility planners in Latin American and the Caribbean countries were looking at alternatives to traditional fossil fueled power generation for several reasons including, among others: (i) opportunities for non-traditional resources to meet existing and growing demand and thereby contribute to sustainable economic development; (ii) exposure to international fuel market volatility and a desire by energy regulators and public utilities to provide more diversified portfolio of utility resources; and (iii) greater societal engagement in energy decision-making processes. 

The countries of the Region were facing the challenge of providing electricity to their rapidly growing industrial, commercial and rural sectors. The first source was fossil fuel-based power sources; however, renewable energy power sources were quickly becoming cost competitive with traditional power sources provided that the higher capital costs could be properly financed to allow the inherent advantage of low operating costs to drive the project lifecycle economics. Since financing renewable energy projects was a new endeavor for both local and regional financial institutions as well as project sponsors, the Fund was expected to bring its expertise as well as capital of the to this market to directly support investments in renewable energy projects.

The Project: The IDB Clean Tech Fund (the Fund or the Project) was created to address the perceived lack of commercially viable financial resources available to the Renewable Energy (RE) project developers and sponsors in Latin America and the Caribbean (the Region) in the early years of the 21st century. The Fund’s objective was to make equity or quasi-equity investments in small- to medium-size enterprises (SMEs) that implemented renewable energy generation projects (i.e. wind, solar, biomass and biogas, small hydro, and waste-to-energy) that would help to reduce the use of fossil fuel in the Region. The Fund was designed to reduce the barriers to successful financial structuring and investment in these types projects hence catalyzing the market for projects that deliver important climate change benefits

The GEF participation in the Fund responded to the challenge of the Convention on Climate Change (the Convention) to engage the private sector in financing climate change-friendly techniques and technologies.  The Convention encouraged the increased use of improved and innovative environmentally sound technologies to minimize the impact on the global environment.  Moreover, the Convention considered the need for the transfer of advanced technologies to emerging markets.  The Fund would demonstrate a financing method for investing in the sustainable use of natural resources, while generating global environmental benefits.

GEF’s funding was to be focused on supporting primarily grid connected renewable energy power projects typically supplied directly to the retail customer through energy service agreements. The Fund would catalyze and encourage the development and financing of renewable energy projects by bringing together investment management expertise, advanced sector know-how, and both local and foreign investment capital and make these resources available to those SMEs that use natural resources in a sustainable manner.  The intended success of the project was to have an important demonstration effect with respect to the economic viability of such projects and to be a catalyst for further investment in small and medium scale renewable energy projects.

The Project outcomes were, first, the direct investment in RE projects that will have associated GHG emission reductions of over 3 million tons by 2014.  Beyond these direct outcomes, the project would establish a successful and replicable model for similar efforts to reduce financial barriers for cost-effective small-scale renewable energy investments elsewhere in the world. 

What you’ll do:
  1. The evaluation’s main goals are to: (i) determine whether the objectives, outcomes and impact as stated in the Project’s logical framework were achieved; (ii) identify lessons learned and provide recommendations for future operations to be financed by the IDB Lab; and (iii) assess Clean Tech Fund’s role and performance as executing agency. The final evaluation will be conducted upon completion of all project activities.  The report should consider the project’s relevance, effectiveness, efficiency, sustainability, and lessons learned.  Specifically, the evaluation will examine the following aspects:
  2. Changes in context and review of assumptions (relevance):  Was the project’s design adequate to address the problem(s) at hand?  What internal and/or external factors influenced the ability of the Fund, beneficiaries and/or stakeholders to meet projected targets?  Were the project objectives and design relevant given the political, economic and financial context?  Did the program remain relevant given any changes  in context that may have taken place? Was there a need to reformulate program design (Was it done?) given changes in the region, sector, environment and/or operational context? The consultant should present a brief overview of the policy environment and the economic and business conditions that had, if any and applicable, an impact on implementation of the Project. Included in this section, there must be an analysis of the degree of materialization of the main assumptions that guided the project design.
  3. Results in terms of outputs achieved (effectiveness):   Outputs are tangible direct results of a project The Consultant: (i) should assess the extent to which the key expected outputs were delivered, and (b) identify and assess the factors that affected delivery of outputs. 
  4. Assessment of outcome/impact (effectiveness): The Consultant should: (i) assess the extent to which the expected outcomes were achieved and the extent to which its achievement was dependent on delivery of project outputs, and (ii) also assess the factors that affected outcome achievement, e.g. project design, project’s linkages with other activities, extent and materialization of co-financing, stakeholder involvement, etc.
  5. Achievement of projected performance indicators and targets (efficiency): What was the Fund’s performance with respect to its projected performance indicators and agreed responsibilities with respect to program implementation? Did the program achieve the targeted indicators as per the logical framework?  Establish the relevant challenges and limitations (administrative, operational, financial, political or macroeconomic, etc.) that the Fund may have come across during the execution of the Project, the actions taken to overcome them and their  relevance on the outcome of the Project.
  6. Sustainability: For the purpose of this evaluation, Sustainability is defined as the likely ability of the Project to continue to deliver benefits for an extended period after completion; projects need to be environmentally as well as financially and socially sustainable.
  7. Lessons learned: The Consultant should provide information on the economic/political/financial conditions that should exist, qualifications of the executing agency, required stakeholder participation, and other factors that should be in place for the success of future operations similar to the Project. In addition, identify the main Project’s lessons learned and best practices implemented or lack of thereof, which should be shared to improve future similar GEF operations within the Region and amongst other IDBG-GEF sectorial specialists.
  8. Others: In addition to, and complementing the aspects described above, the Consultant will assess and document the following issues/matters including, but not limited to:
    • The state of compliance with contractual conditions.
    • An analysis of the efficiency in the use of resources in general.
    • An analysis of stakeholder involvement and ownership, and of the commitments assumed by local partners and collaborators. This includes an analysis of the co-financing contribution, comparing the contribution committed when the Project was approved with the contributions executed by the final closing (capital raise).
    • An evaluation of potential alliances and joint investments that could be made with other institutions, organizations and/or projects to achieve value-added outputs.

Documents to be considered for the Evaluation

While conducting the evaluation, the Consultant should consider, but for input and/or guidance, but the following documents:

  • Limited Partnership Agreement (LPA) executed between IDB Land and the Fund Manager.
  • GEF Guidelines for Conducting Terminal Evaluations as a model for preparing the Terminal Evaluation report.
  • GEF Monitoring and Evaluation Policy (2010)
  • Program Framework Document and/or the GEF Request for CEO Endorsement document and its
  • Annual and ad-hoc reports submitted to GEF in previous years (i.e. Project Implementation Report - PIR)
  • Internal reports produced by IDB Lab in relation to the Fund.
  • All reports produced by the Fund Manager
    • Review of Project documentation. Review, of archived material related to the overall program, as well as background material used in program preparation, approved project documents, project monitoring documents, disbursement reports, progress reports, action plans, quarterly/annual reports, audit reports, financial models, financial statements, ad-hoc reports, and any other information available.
    • Review of available market information. Review of existing literature and/or case studies related to the success and/or failure of clean energy projects in selected markets.
    • Interviews. (i) Reviews, and analysis of the program activities; (ii) interview with the Fund’s General Partner (GP) and any other persons related to the operations and/or management of the Fund; (iii) interviews with IDB Lab staff who participated in the program design and execution; (iv) interviews with stakeholders and final beneficiaries; and (v) interviews with a number of Consultants and staff and/or technical assistance providers who were hired by IDB Lab to support the Project. For each of these interviews, the Consultant should first develop and present his/her ideas for the content and format of the survey/interview forms that will be applied to capture the information required, as well as the method to be used in administering them and tabulating the results.
    • Collection of data. Data generated from the monitoring system should be another source of information. The Consultant may propose additional methods of conducting the evaluations among other sources.

Reporting Requirements – Deliverables:

    • During the execution of the consultancy and its related tasks, the Consultant will be supervised by the IDB Lab Project Coordinator(s).
    • The Consultant will submit the following deliverables to the Project Coordinator(s):
      • Inception Report including work plan – within ten (10) days of commencement of the Consultancy.
      • Draft Terminal Evaluation Report within seven (7) weeks after the start of the Consultancy. A suggested outline of the report would be provided as reference.
      • Final Terminal Evaluation Report to be submitted within two (2) weeks of receiving feedback on the Draft Terminal Evaluation Report.
    • The Consultant will participate in an inception meeting with the IDB Lab Project Coordinator(s), to be held within the first week of the Consultancy. The primary purpose of the inception meeting is to clarify any issues the Consultant may have as well as discuss the scope of work and expected outputs of the required services which should give guidance to Inception Report, inclusive of the work plan.
    • The Consultant may be required to participate in a meeting (in person or via video/teleconferencing) to present and discuss the results and lessons learned of the Draft Terminal Evaluation Report to the IDB Lab and/or other stakeholders. Any matters arising from this meeting should be addressed as necessary and, if applicable, incorporated in the Final Terminal Evaluation Report.
    • All reports (draft and final) are to be submitted in electronic format (MS Word and PDF) in English.
    • The report shall include all parameters recommended by the GEF Evaluation Office for terminal evaluations.
Payment Timeline:

The Consultant to be paid under a fixed-fee contract according to the following payment schedule:

  1. 20% upon submission and approval of the Inception Report;
  2. 30% upon submission and acceptance of the Draft Terminal Evaluation Report;
  3. 50% upon submission and acceptance of the Final Terminal Evaluation Report


Skills you’ll need:

    • Education: a minimum of bachelor’s degree in one of the following fields: Economics, Business Administration, Finance, Mathematics or related quantitative field, Environmental issues, or any of the Social Sciences
    • Experience: Minimum of three (3) years practical experience evaluating development projects, preferably in the areas of clean energy (i.e. renewal energy, energy efficiency) and/or climate change;
    • Language: Excellent oral and written skills in English and Spanish.
Core and technical competencies:
    • Demonstrated knowledge of impact evaluation theory and practice;
    • Experience in evaluating development projects in Latin America and The Caribbean, preferably those that are related to the fields of clean energy, climate change, impact investing, and/or social enterprises development;
    • Experience in the evaluation of projects sponsored by the Global Environmental Facility (GEF) or other similar entities is a plus;
    • Knowledge (ideally practical knowledge) of how venture capital and/or private equity funds operate. Highly desirable;
    • A good understanding of the mission and operations of Inter-American Development Bank or other international development financial institutions; and


  • Duration: It is estimated that the Consultancy requirements should be undertaken in no more than forty (40) non-continuous calendar days over a 3-month period. 
  • Starting date: The Consultancy is expected to commence no later than January 30, 2020.
  • Type of Consultant: Individual PEC Consultant.
  • Place of work and Travel: From any location within Latin America or the US territory ideally. Some trips (not more than two: one to Brazil and/or one to Mexico) may be necessary and will be co-planned and funded with Bank resources that will be added as a lump sum to the Consultant compensation.
  • Coordination: The Consultant(s) will work closely with, and report to, an assigned Project Coordinator(s) as primary contact throughout the completion of the Project.
  • Credentials (CV, Cover) must be presented by not later than  November 15, 2019 at 11 PM Washington, DC time. Proposals must be submitted electronically in PDF format.

Our culture: Working with us you will be surrounded by a diverse group of people who have years of experience in all types of development fields, including transportation, health, gender and diversity, communications and much more.


About us: The Multilateral Investment Fund (IDB Lab), member of the Inter-American Development Bank Group (IDBG) serves as an IDBG innovation laboratory to promote development through the private sector by identifying, supporting, testing, and piloting new solutions to development challenges and seeking to create opportunities for the poor and vulnerable populations in the Latin American and Caribbean region. The IDB Lab works with leading organizations to facilitate and foster the generation of scalable solutions to the challenges facing Latin America and the Caribbean. Most of our partners are known for their potential to innovate, their local knowledge and their ability to promote and scale the solutions developed within our partnership. 


Payment and Conditions: Compensation will be determined in accordance with Bank’s policies and procedures. The Bank, pursuant to applicable policies, may contribute toward travel and moving expenses. In addition, candidates must be citizens of an IDB member country.


Consanguinity: Pursuant to applicable Bank policy, candidates with relatives (including the fourth degree of consanguinity and the second degree of affinity, including spouse) working for the IDB, IDB Invest, or MIF as staff members or Complementary Workforce contractuals, will not be eligible to provide services for the Bank.


Diversity: The Bank is committed to diversity and inclusion and to providing equal opportunities to all candidates. We embrace diversity on the basis of gender, age, education, national origin, ethnic origin, race, disability, sexual orientation, and religion. We encourage women, Afro-descendants and persons of indigenous origins to apply.


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