Innovative Financing Consultant

Understand PSI, our strategic priorities and business model innovations. (Estimated 15 days)

• The first phase of the consultancy will focus on understanding PSI and taking inventory of strategic priorities and current capabilities with regard to innovative financing. Consultant(s) will review key documents, interview internal stakeholders, and, as appropriate, engage with key funders and financing institutions. Key questions include perceptions of risk, opportunities, successes and failures as it pertains to innovative financing approaches. From there, consultant(s) will analyze and catalogue PSI’s existing capacity and strategic direction in the pay-for-success, impact investing, and innovative financing space. In short, output one is a ‘deep dive’ into PSI that will enable the work requested in output two and three. Deliverables for output one includes a short (approx. 3 to 4 page) summary of findings, notes from interviews, and other background documentation as requested.

Build out an Innovative Financing Framework and Roadmap for PSI. (Estimated 25 days)

• The second phase of the consultancy will capture and outline the evolving landscape of innovative financing instruments including blended finance, impact investing, outcome funds, and pay-for-success. It will also identify the shifting landscape of investors in the development space, including bilaterals, multi-laterals, corporates, foundations, philanthropy, venture and impact investors. It is expected that the consultant(s) will draw on their own deep knowledge and resources to effectively define the evolving landscape.
• Using the PSI organizational knowledge gained from phase one, and augmented through engagement with appropriate senior leadership, the consultant(s) will create a financing framework and roadmap for PSI. Consultant(s) may wish to draw on elements from existing financing frameworks, e.g. USAID’s Center for Accelerating Innovation and Impact. The PSI specific framework, to be developed within output two, will align existing and burgeoning external financing opportunities with PSI’s strategic priorities, business model innovations and health area strategies. Within this financing framework, potential investment vehicles/ financing instruments will be identified and matched for suitability to the different types of PSI programming. For each investment vehicle/ financing instruments, the operational complexities and learnings from the community of practice will be spelled out. Deliverables include the framework/ roadmap and accompanying documentation/annexes.

Recommend where PSI should develop internal capacity/process or system change and where and with whom PSI can partner or contract to achieve strategic priority goals. (Estimated 15 days)

• The third and final phase will focus on how PSI can best operationalize the financing framework and roadmap. The consultants will recommend internal resourcing needs and potential partnerships/ contractor relationships needed to operationalize the framework, particularly as it pertains to innovative business models for delivery of adolescent reproductive health, family planning, water & sanitation, and non-communicable diseases. Deliverables will include a report containing detailed and actionable recommendations.
• To conclude the consultancy, PSI may request a final presentation of key findings and recommendations (please see Technical Supervision section). (Estimated 5 days).

Technical supervision

• Oversight and technical supervision of this consultancy will be provided by the family planning technical team with input and guidance from a small steering committee, including representation from fundraising, strategy, and social enterprise functions within PSI to ensure appropriate organization integration.
• The consultancy will begin with an in-person kick-off meeting to introduce and orient all stakeholders and review scope of work, timelines, etc. together. Thereafter, technical supervision and support will be provided through every other week status update meetings with the family planning team designee and steering committee members. Submission and approval of deliverables related to each output will precipitate start of work on the following output. Consultant(s) may be asked to present consolidated final outputs to a larger group of stakeholders at PSI at the end of the consultancy.