Introduction
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Duty Station of the Consultancy: Georgia
Duration of Consultancy: 60 working days over a four-month period
Nature of the consultancy: Supporting the design of a Blended Finance Mechanism through analytical assessments of climate-related human mobility in Georgia
Project Context and Scope
Climate change impacts are visible across Europe and Central Asia in rising temperatures, precipitation variability, heatwaves, drought, wildfires, and glacial melt that are affecting the lives and livelihoods of people, including food and water security. According to the Sixth Assessment of the Intergovernmental Panel on Climate Change (IPCC), the temperature rise will cause substantive agricultural production losses for most European areas, while decreasing water availability would make adaptation using irrigation methods a serious challenge. Moreover, increasing frequency and severity of natural hazards (e.g., wildfires, flooding, landslides, etc.) will adversely impact all sectors of society. These climate change impacts exacerbate pre-existing inequalities and vulnerabilities, especially for those already facing societal inequalities.
At the global level, human mobility in the context of climate change is now firmly anchored in several key policy frameworks such as the United Nations Framework Convention on Climate Change, the Sendai Framework for Disaster Risk Reduction 2015-2030, the Sustainable Development Goals, and the Global Compact for Safe Orderly and Regular Migration. The Executive Committee of the Warsaw International Mechanism on Loss and Damage of the United Nations Framework Convention on Climate Change invited the Parties to continue supporting efforts, including finance, technology, and capacity building of Parties, local actors, and communities to address human mobility-related challenges and opportunities in the context of climate change, at all levels, including community, national, regional and international levels .
Climate finance refers to local, national, or transnational financing – drawn from public, private, and alternative sources of financing that seeks to support measures related to mitigation, adaptation, and loss and damage. Public finance falls short of the overall financing needs for climate action. Leveraging private investment using public finance to fill this funding gap is one of the solutions. Blended finance -broadly defined as the combination of public concessional finance with private or public resources is often portrayed as a key financing mechanism to deliver the resources needed for climate action.
Georgia is increasingly exposed to climate-related risks, including floods, droughts, landslides, and land degradation, which are already affecting livelihoods, infrastructure, and economic resilience. These impacts disproportionately affect rural populations and vulnerable groups, including internally displaced persons (IDPs), eco-migrants, returnees, women, and youth, reinforcing socioeconomic vulnerabilities and contributing to migration pressures.[1]
At the same time, Georgia has made progress in advancing its climate policy and green transition agenda. Key frameworks, including the Updated Nationally Determined Contribution (NDC)[2] and the 2030 Climate Change Strategy and Action Plan, provide a foundation for climate-resilient development.
In this context, a critical gap remains in identifying scalable and investment-ready mechanisms that can bridge climate adaptation needs and human mobility dynamics. There is limited evidence on how blended finance approaches can be tailored to Georgia’s market conditions, institutional landscape, and target populations. Addressing this gap is essential to enable the design of a viable, context-specific blended finance mechanism.
The consultancy aims to provide analytical and coordination support to the assessment of the financial, institutional and market landscape in Georgia, contributing to the development of evidence and recommendations for a blended finance mechanism supporting climate-resilient livelihoods in the context of human mobility.
The National Consultant will provide local expertise, support data collection and analysis, facilitate stakeholder engagement, and contribute to the development of key analytical outputs under the guidance of the International Consultant.
[1] World Bank (2025). Georgia Country Climate and Development Report (CCDR) - https://openknowledge.worldbank.org/entities/publication/d07558f2-106d-4c97-a004-938370fc41e9
[2] NDC of Georgia
https://unfccc.int/documents/497497?gad_source=1&gclid=CjwKCAjw4ri0BhAvEiwA8oo6F66YFnQIgVLlxhCDsKPcX5b2D99AtdaZYm8wAB32wir4lRPF_u4-oRoCHlQQAvD_BwE
Organizational Department / Unit to which the Consultant is contributing
Project: Building Resilient Future for Migration-Prone Populations in Georgia (REforM).
Responsibilities
Category B Consultants: Tasks to be performed under this contract
The National Consultant will work under the overall supervision of project manager and technical guidance of the International Consultant. The National Consultant will provide analytical, technical, coordination, and stakeholder engagement support to ensure that the assessment reflects the Georgian context and facilitates effective stakeholder participation throughout the assignment.
The scope of work will include, but may not be limited to:
- Conduct a desk review of relevant legislation, policies, strategies, action plans, regulatory frameworks, institutional arrangements, studies, assessments, datasets, market analyses, climate finance instruments, blended finance initiatives, and financing mechanisms relevant to climate-resilient livelihoods, migration, human mobility, sustainable development, and green finance in Georgia;
- Coordinate closely with the International Consultant throughout the assignment, including participation in regular progress meetings (weekly, bi-weekly or as agreed), and provide country-specific analytical inputs, consultation summaries, stakeholder feedback, datasets, and supporting documentation in agreed formats and timelines to facilitate preparation of project deliverables;
- Support the analysis of the national financial ecosystem through collection of data, stakeholder consultations, mapping of key actors, and provision of country-specific analytical inputs including commercial banks, microfinance organizations, development finance institutions, investment funds, business support organizations, relevant government institutions, and other market actors. Assess market conditions, opportunities, barriers, and enabling factors relevant to the development of a blended finance mechanism, including sustainable finance reforms, green finance instruments, ESG-related developments, and regulatory initiatives led by the National Bank of Georgia;
- Provide country-specific inputs to the assessment of the policy, regulatory, and institutional readiness for the development and implementation of innovative and blended finance mechanisms in Georgia, identifying opportunities, constraints, and areas requiring policy or institutional support;
- Review existing financial products and services offered by banks, microfinance organizations, and other financial institutions, including green loans, SME financing products, agricultural finance, guarantee schemes, concessional financing instruments, and other relevant financial mechanisms, and assess their relevance for climate-resilient livelihoods and migration-prone populations;
- Support collection and validation of information related to livelihood opportunities, financing needs, barriers to finance, and investment interests of migration-prone populations including migrants, returnees, diaspora members, their families, women, youth, eco-migrants, and other relevant target groups in innovative and blended finance mechanisms ensuring informed consent, confidentiality, and compliance with IOM data protection and ethical standards;
- Assess barriers and opportunities affecting access to finance and investment for migration-prone and climate-vulnerable populations, with particular attention to women, youth, migrants, returnees, eco-migrants, and other vulnerable groups, and provide recommendations for inclusive financing approaches;
- Identify opportunities to leverage remittances, diaspora capital, sustainable finance instruments, private sector investment, and development finance resources to support climate-resilient and inclusive livelihood opportunities;
- Contribute to the identification and assessment of potential sectors, business models, and investment opportunities by providing country-specific market intelligence, stakeholder feedback, and evidence from consultations, including opportunities related to green economy, circular economy, sustainable agriculture, resource efficiency, and other relevant sectors;
- Support the identification and analysis of financial, operational, market, institutional, and regulatory risks affecting climate-resilient investments through stakeholder consultations, desk review, and country-specific evidence gathering, and contribute to identifying potential risk mitigation measures and blended finance instruments;
- Identify, map, and engage key stakeholders relevant to the assessment, including financial institutions, private sector actors, development partners, government institutions, migrant and diaspora organizations, civil society organizations, and other relevant stakeholders;
- Facilitate communication and coordination between the International Consultant and national stakeholders and support stakeholder engagement, scheduling, follow-up, and information exchange throughout the consultancy period;
- Support the organization and implementation of stakeholder consultations, key informant interviews, workshops, validation meetings, and other consultation processes;
- Participate in stakeholder consultations and prepare stakeholder mapping outputs, consultation summaries, interview records, analytical notes, and other supporting documentation required for the assessment;
- Map relevant national and regional good practices, innovative financing approaches, sustainable finance initiatives, and blended finance mechanisms that may inform the development of a context-specific financing model for Georgia;
- Map relevant donor-funded programmes, development finance initiatives, guarantee facilities, technical assistance programmes, and investment support mechanisms that could potentially complement, leverage, or support the future blended finance mechanism;
- Contribute analytical inputs, stakeholder engagement findings, consultation outcomes, regulatory review findings, market assessments, risk analysis, and recommendations to the preparation of the Background Analytical Report and other draft and final outputs;
- Support the validation of preliminary findings and recommendations through stakeholder consultations and contribute to the incorporation of stakeholder feedback into final outputs;
- Provide country-specific inputs and evidence to support the development and validation of recommendations and potential design options for the blended finance mechanism
- Participate in Project meetings, as requested, and provide country-specific updates, analytical inputs, and stakeholder feedback relevant to the assignment;
- Compile and submit a final consultancy report outlining activities undertaken, stakeholder engagement conducted, analytical contributions provided, key findings, lessons learned, and recommendations developed during the assignment.
The assignment will start in July 2026 and will have to be completed (and approved by IOM) by 31 October 2026.
- Deliverable 1: Inception package, stakeholder engagement plan, inputs to the methodology developed by the International Consultant, and consolidated desk review findings covering relevant legislation, policies, regulatory frameworks, sustainable finance initiatives, climate finance instruments, migration-related frameworks, and key national datasets relevant to the assignment, submitted by July 20, 2026.
- Deliverable 2: Stakeholder mapping and consultation package, including stakeholder mapping matrix, records of stakeholder consultations and interviews, mapping of relevant financial institutions and market actors, and consolidated findings on investment opportunities, financing needs, barriers, and stakeholder perspectives affecting migrants, diaspora members, women, youth, eco-migrants, and other target groups, submitted by August 5, 2026.
- Deliverable 3: Consolidated analytical inputs to the Draft Background Analytical Report, including findings from the regulatory review, market and financial ecosystem assessment, sustainable finance landscape review, remittance and diaspora financing analysis, stakeholder consultations, and identification of relevant national and regional good practices, analysis of financial, market, institutional and regulatory risks and potential mitigation measures, and a mapping of relevant donor-funded programmes and complementary finance initiatives, submitted by August 8, 2026.
- Deliverable 4: Consolidated inputs to the Final Background Analytical Report, incorporating review comments and validation feedback; a validation workshop report consolidating stakeholder feedback on the preliminary findings and recommendations; and country-specific inputs to the recommendations and potential design options for the blended finance mechanism, submitted by September 18, 2026.
- Delivarable 5: Final consultancy report, including key findings, analytical outputs, and recommendations developed during the consultancy period by October 20, 2026.
Performance indicators for the evaluation of results
- Delivers the listed deliverables on time and good quality.
