CALL FOR APPLICATIONS (Open Tender)
TECHNICAL ASSISTANCE FOR NAURU’S FOREIGN INVESTMENT SCHEME
Background
The SPIRIT project consulted extensively with Pacific ACP (PACP) members on identifying national priorities that could be considered for funding under the 2023 SPIRIT Work Plan. The Government of the Republic of Nauru identified the need to further diversify its economic base, notably in the services sector, and specifically, through a robust and innovative foreign investment scheme. The objective is to target specific areas with great potential to incentivize foreign direct investment as a key pathway to sustainable development through the promotion of circular economies. Foreign Direct Investment (FDI) is one of the key priority areas in Nauru’s National Sustainable Development Strategy (NSDS). It recognises the urgent need to develop Nauru’s private sector and put in place the necessary policy instruments that will drive the gradual diversification of its economy into other potential sectors, including leveraging on digitalization of business models to provide new revenue sources and value-adding opportunities.
Purpose
The purpose of the short-term consultancy is to:
- Conduct diagnostic studies on Nauru’s legal, regulatory, and institutional frameworks for investment through this consultancy via a sector-by-sector cost-benefit analysis (CBA) on high-potential sectors that will strengthen Nauru’s existing competitive advantages and explore novel opportunities that create feasible pathways toward the ultimate objective of achieving its national priorities under the 2030 Sustainable Development Goals (SDGs).
Scope of Work
The Consultant will deliver the following Key Result Areas (KRAs):
- Key Result Area 1 (KRA1): Inception Report providing disaggregated details on the activities and timelines for KRA2 to KRA5.
- Key Result Area 2 (KRA2): Report on the outcomes of national consultations and desktop research on the foreign investment regime in Nauru.
- Key Result Area 3 (KRA3): Deliver two capacity-building workshops on cost-benefit analysis and foreign investment and promotion.
- Key Result Area 4 (KRA4): Submit a draft Report on Nauru’s Foreign Direct Investment regime.
- Key Result Area 5 (KRA5): Conduct a national validation workshop and submit a Final Draft Report on Nauru’s Foreign Direct Investment regime.
Academic Qualifications
The Consultant should possess the following qualifications and experience:
- Minimum seven years of experience developing foreign investment-related policy and/or regulatory/administrative practices.
- Proven working knowledge of national foreign investment & related policies, regulatory and/or legislative reforms, and their implementation.
- Demonstrated ability to conduct results-based consultative meetings with key stakeholders.
- Expertise in conducting situation analysis and needs assessments related to trade, foreign investment, and a conducive foreign investment environment.
- Experience providing policy advice on best practices in developing foreign investment policy and development of foreign investment solutions (strategy).
- Experience with designing foreign investment policy and strategy.
HOW TO APPLY
Deadline for Submissions: 4pm Tuesday 3 October 2023
Any complaints regarding the Secretariat’s tender must be directed to the following email: Tender.Complaints@forumsec.org. This email address will forward your complaint to a person that is independent and removed from the tender process. Complaints must be well founded and should not be used as a mechanism for notifying displeasure with the outcome of a tender award. Further information on making a complaint can be found on the Policies & Information page at http://tenders.forumsec.org.
In the event that further information is required by the Secretariat in relation to the tender for consultancy, the Secretariat reserves the right to seek the required information without the need for calling for resubmission of proposals.