Indonesia is among the leading countries in addressing the Sustainable Development Goals (SDGs) at both national and local level. Achieving the SDGs requires large scale of public and private investments. The cost of achieving the SDGs is estimated to be between $400 and $760 billion a year by 2030. This implies a significant financing gap, of between $40 – $66 billion for public resources and $54 – $94 billion for non-government finance. To address these challenges in financing SDGs, Indonesia needs to unlock and leverage new and innovative finance from both public and private sources. As the fourth most populous country in the world, and one of the fastest growing emerging markets, Indonesia harbors a huge potential for innovative finance, including blended finance, green finance and Islamic finance.
 
Innovative financing is approached by UNDP as a strategic lever for change, sitting at the core of the UNDP delivery system. UNDP Indonesia has made innovative finance a central part of its work on the SDGs with the objective to leverage new resources flows for sustainable development. It has established an Innovative Financing Lab (IFLab) that operates as collaborative space for Government, the private sector, financial institutions, investors, entrepreneurs, religious organizations, civil society, other UN agencies and other interested stakeholders to work together and develop solutions for financing the SDGs. The Lab vision is to be a leading innovative finance platform under UNDP Indonesia CO that cooperates closely with the government and all stakeholders (international and national) to achieve the SDGs and provide knowledge and expertise to showcase best practices globally.
 
Based in Jakarta but global in ambition to offer services to partners, the Lab aims to innovate on means to unlock and leverage new finance to help close the SDGs financing gap through designing and testing new innovative financing instruments, helping to enhance investments for higher SDGs-returns, and contributing to a stronger enabling environment for SDG-friendly finance. The Lab focuses on three interrelated work-streams, namely Islamic and Blended Finance, Green and Sustainable Finance, and Social Impact Investments. 
 
To support the project, the Project Coordinator post is established to provide effective and efficient support to the overall effort of UNDP and the Innovative Finance Lab through improvement of system, tools and mechanisms for policy and strategy planning, reporting, monitoring, analysis and evaluation. 
 
Under the supervision of the Head of IFL and Deputy RR, the Project Coordinator supports the Head of IFL in the development and management of the UNDP innovative and climate finance portfolio. The main role of the incumbent is to provide key guidance to the IFL’s Technical Associate/Specialists and other relevant stakeholders, support new partnerships with development partners and the private sector to strengthen the programme, while also assisting the Head of IFL in managing the IFL  programme by providing project assurance and technical assistance to projects when required as well as conducting overall monitoring and other relevant operational functions.
 
The Project  Coordinator will supervise some relevant project teams and work in close collaboration with programme and operations units in the CO, technical advisors, experts, Government officials, multi-lateral and bi-lateral donors and civil society, as well as with UNDP RBAP and Global, to successfully implement the UNDP programme. The incumbent is expected to exercise full compliance with UNDP programming, financial, procurement and administrative rules, regulations, policies and strategies, as well as implementation of the effective internal control systems.