Procurement Summary
Country: Brazil
Summary: Blue Bond Readiness Assessment
Deadline: 21 Aug 2025
Other Information
Notice Type: Tender
TOT Ref.No.: 124273229
Document Ref. No.: 0002017608
Financier: World Bank (WB)
Purchaser Ownership: Public
Tender Value: Refer Document
Purchaser's Detail
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Login to see detailsTender Details
The primary objective is to conduct a comprehensive ReadinessAssessment of the Blue Economy Finance Mechanism. The first task of this assessment is intended toprovide strategic support to the MMA and other government agencies in theirpreparation for issuing a blue financial instrument that is optimally alignedwith the country's investment pipeline and specific needs. The assessment willenable the country to identify and select a suitable financial instrument that willeffectively fulfil its requirements and contextual realities, ensuring a robustand sustainable approach to blue finance. Specifically, the assessment will conductan exploratory evaluation of blue economy financing mechanisms, with a specialfocus on blue bonds and outcome bonds. For that purpose, the analysis will includethe valuation of the current institutional and technical capacities; and examineBrazil-s Sustainable Bond Framework from the lens of the ICMA-s four principles:the use of proceeds, project evaluation and selection, management of proceeds, and reporting - while the Framework has already received a second-party opinionconfirming its alignment with ICMA-s principles, this assessment will place aparticular focus on how comprehensively the Framework addresses the blueeconomy; identify gaps in relation to blue bond or outcome bond issuance. Based on the selection of the country-s sustainable financialinstrument, the second task will be analyzing:1. Blue taxonomy framework: develop inputsfor a bond framework such as the blue taxonomy and define eligibility criteriaof blue economy investments, activities, and expenditures- this would alsoinvolve reviewing any other relevant taxonomy developments in the country toensure harmonization.· Identifya potential pipeline of blue investments to be supported by blue bonds and proposean interinstitutional coordination and stakeholder alignment mechanism.2. Develop an implementation roadmapfocused on the design andpreparation of the bond transaction withclea...
Documents
Tender Notice
ToR_BlueBondReadinnesAssements_FINAL-16-July-2025.pdf