Background:

Grenada’s economy depends on climate-sensitive sectors like tourism, agriculture, and construction, which are highly exposed to extreme weather and sea-level rise. To transition to a low-carbon, climate-resilient economy as outlined in its Nationally Determined Contributions (NDC) and National Adaptation Plan (NAP), Grenada will need over $500 million in investments over the next decade. However, limited access to international climate finance and innovative financing options highlights the need for private sector engagement.

To address this, the Government of Grenada, through the Grenada Development Bank (GDB) and the Green Climate Fund (GCF), are leading a readiness project to strengthen local capacity for climate finance. The initiative includes frameworks and training for private sector stakeholders on green finance management, climate risk screening, and investment planning. Through various targeted training and policy development, the project aims to foster an environment where the private sector can actively contribute to Grenada’s climate adaptation and mitigation efforts.

Targeted beneficiaries include:

a) financial institutions – commercial banks, development banks, credit unions, regulatory bodies

b) insurance companies and insurance service providers

c) private sector businesses – hoteliers, micro, small, medium, and large commercial businesses

d) commodity boards and state-owned enterprises

e) private sector education and medical service providers, and training agencies

f) construction service providers – builders, architects, engineers, etc

Consultancy Objectives:

The Government of Grenada, through the Grenada Development Bank (GDB), is seeking to engage a Climate Risk Screening Specialist who will be responsible for implementing deliverables for the following Outputs:

o Output 1.3.3 (a): Private Sector stakeholders are trained to develop concrete procedures and standards for their green finance portfolio

o Output 1.3.4: Private sector stakeholders are sensitized on the provisions of the building code for risk-proofing construction works and are able to conduct climate risk assessment of investments and resilience-building using risk-screening tools such as CCORAL.

Submission Guidelines:

Expressions of Interest (including disclosure of any actual or potential conflict of interest) must be submitted with the headline GCF Readiness and Preparatory Support Programme – Climate Risk Screening Specialist on or before 2 pm AST, March 5th, 2026, and include 1) A Statement of Capability, with an indication of availability, and 2) A Curriculum Vitae with relevant accomplished works. Expressions must be submitted via the following email: info@gdbbank.com, copied to cpu@gov.gd, and must be addressed to:

The General Manager

Grenada Development Bank

Melville Street

St. George’s

Grenada

The detailed Terms of Reference (TOR) can be found at the following websites: www.procurement.gd, or grenadadevelopmentbank.com, or obtained by request, writing to info@gdbbank.com.