About Finance for Peace
Finance for Peace is a multistakeholder initiative by Interpeace that seeks to systemically change how private and public investment supports peace in developing and fragile contexts. It aims to create networked approaches that can co-develop the market frameworks, standards, political support networks, partnerships and knowledge required to scale up “peace finance” – investments that intentionally seek to improve conditions for peace.
Finance for Peace brings together investors, industry, norm setting entities, Development Finance Institutions (DFIs), governments, peacebuilding and development actors, civil society and local communities to further peace-positive investments. By building/enabling the creation of a market for peace enhancing finance, it aims to reduce risks for both investors and communities and achieve outcomes that are bankable and advance peace. By identifying critical frameworks and developing standards and principles, as well as key knowledge and innovative solutions, the initiative will help to create true additionality to investors, as well as more inclusive development.
Working with partners, Finance for Peace will develop an iterative peace impact framework and connected set of peace standards for various categories of investment that can be used by the market to guide, measure and validate peace positive investment.
Finance for Peace is supported by the German Federal Foreign Office (GFFO) and builds on feasibility research supported by the UK Foreign and Commonwealth Development Office (FCDO) on a new sustainable investment category called peace bonds. Finance for Peace has been incubated by Interpeace.
For more information on the Finance for Peace initiative, please see our website: https://financeforpeace.org.
Background rationale of the initiative
Today, billions of people and most of the world’s extreme poor live in the world’s 60 conflict-affected countries. Because of conflict, instability and violence, none of these countries are on track to achieve the Sustainable Development Goals (SDGs). Development requires investment, but investment requires peace. We know greater investment is possible: the world’s financial resources of almost USD 300 trillion dwarf the cost of achieving the SDGs. Yet, investment cannot find its way to places of great need because of risks related to peace, whether real or perceived.
This leaves some of the world’s fastest growing markets and greatest investment opportunities untapped. And herein lies the problem: the peace actions that could open these markets for investments are underfunded and poorly aligned; blended finance approaches have promises, but do not currently focus on peace and do not leverage enough finance in the places most in need.
New approaches are needed: we need to fundamentally rethink how peace and development is financed and aligned. This is why the Finance for Peace initiative is currently working with partners from finance, government, and development institutions to create a market for peace enhanced finance which includes the world’s first Peace Bonds, but also all forms of finance that will help investors better align and embed what are called peace enhancing mechanisms into their investments.
We believe that peace, like climate, is a fundamental building block for economic growth and all other SDGs. Making this work is not easy, but the opportunity of getting it right is enormous: the market for green bonds has grown from zero to over one trillion dollars in 10 years. The objective of the Finance for Peace initiative is to facilitate a similar outcome for Peace Bonds. We believe that bringing finance and peace together could unlock immense untapped value for sustainable development and peace.
At the same time, it is critical that standards, norms and guidance are created so the market is protected from the risk of “peacewashing.” Finance for Peace will also create an industry association to increase awareness, supportive networks, shared understanding and guidance to help grow both the demand and supply sides of the market.
Service or assignment description and objective(s)
The objective of this assignment is to develop a strategy, actionable mapping and an approach for early-stage donor outreach and relationship-building for the Finance for Peace initiative, with a special focus on philanthropic foundations, family offices and charitable giving from financial institutions. The chosen consultant will be expected to work independently and in consultation with the Finance for Peace team to conduct internal and external scoping to develop a sustainable fundraising strategy for the initiative, identify relevant donors, interested offices, persons, and contacts to reach out to, and develop a toolkit of guidance and templates for reaching out and building donor relationships.
The consultant will be supported by Finance for Peace’s Communication Advisor and Interpeace’s Head of Research & Senior Peacebuilding Advisor, in addition to other Finance for Peace staff including Policy Officers and the initiative’s Executive Director.
Scope of work
The consultant will be expected to produce a full early-stage fundraising and outreach strategy tailored to the relevant donor audiences for Finance for Peace, taking into account the existing and future capacities within the Finance for Peace initiative who would be responsible for taking forward fundraising and outreach activities. The engagement will be 3 months. To do this, it is anticipated that the consultant will produce:
Activities, deliverables and timeframe
|Deliverables and activities||Deliverables||Dates|
|Launch of work||October 4|
|Discussions with Finance for Peace colleagues and familiarising with Finance for Peace context, team setup, overall mission, and goals||October 4-18|
|Development of actionable in-depth mapping of key fundraising events and opportunities|
Development of actionable in-depth mapping of key government and philanthropic foundation donors (including specific sections, persons, contact details, and outreach advice)
|Actionable in-depth mapping of key fundraising events and opportunities Actionable in-depth mapping of key donors (including specific sections, persons, contact details, and outreach advice)||Reviewed iteratively, final version by November 22|
|Discussions with Finance for Peace team and production of Fundraising Toolkit including fundraising guidance, templates, and key outreach documents, based on consultations with the Finance for Peace team||Fundraising toolkit||By December 10|
|Production of a comprehensive fundraising strategy for early-stage and sustainable long-term fundraising for the initiative||Fundraising strategy||By December 24|
Please submit a complete Expression of Interest to email@example.com with the subject line “Finance for Peace Fundraising Advisor” by 1 September 2023, including: