Tenders are invited for Technical Assistance for Women s Financing Marketplace - Expansion of the Marketplace (Subproject 4) - Transition Finance Study Approval Date: 17-Dec-2021 Estimated Commencement Date: 100,000 USD Engagement Period: 12 MONTH Objective and Purpose of the Assignment A. Background The Asian Development Bank (ADB) is committed to ensuring that the benefits of the shift to low- carbon, resilient economies are shared equally, and no individual, community, or region is left behind. ADBs Private Sector Operations Department launched Womens Finance Exchange (gWFX), in 2021 to expand women owned micro, small and medium enterprises (WMSMEs) access to finance including green finance by providing funding and capacity building to financial institutions (FIs) in ADBs developing member countries (DMCs). During COP27, ADB launched the Just Transition Support Platform to build the capacity of its developing DMCs to strategically plan, implement, and finance just transition, to manage any negative impacts, and increase benefits from the transition to net zero. Transition Finance for MSMEs: Transition finance is a concept where financial services are provided to high carbon-emitting industries to fund their transition to decarbonization, climate- resilience and a more resource-efficient and circular economy. These goals could not be achieved without transitioning MSMEs that could comprise different value chains. However, surveys of SMEs found considerable barriers to decarbonize and build climate-resilience, especially in emerging markets. These include a lack of knowledge, little guidance from policymakers and the large corporates that they supply, limited time, and lack of access to transition finance. It is estimated that there is a $50 trillion SME transition finance gap that needs to be filled to get global supply chains to net zero by 2050 and both large corporate buyers and FIs have catalytic roles to play. Tender Link : selfservice.adb.org
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