Niue Development Bank's Strategic Leap Towards Climate Change Funding

The challenge

In order to access climate change financing, the Niue Development Bank embarked on a crucial mission: to align itself with the Green Climate Fund's requirements. This ambition necessitated the creation of a medium-term strategic plan and an operations manual, tailored to unlock new funding opportunities.

What we did

• Our team adopted a strategy, beginning with a document review and engaging key stakeholders to draft a strategic plan. Recognising the bank's resource constraints, we focused on three primary strategic areas: enhancing service delivery, fortifying institutional capabilities, and diversifying funding sources. These areas were supported by clearly defined goals, desired outcomes, and annual actions, enabling the continuous development of business plans to track progress effectively.
• For the operations manual, we consolidated existing policies into a comprehensive document, detailing the purpose, scope, resources, roles, and responsibilities. This effort also involved updating and crafting new policies where necessary to ensure comprehensive operational, organisational, human resources and health guidelines.

How we worked

Collaboration was key in this project. We gathered insights from the General Manager, senior management, and the board through targeted consultations. Given the bank’s compact structure, simplicity was essential to ensure the practicality of the documents. Each draft was presented to the board during quarterly meetings, accompanied by detailed explanatory papers. Feedback was integral, leading to the refinement of final documents. We then facilitated workshops to ensure the strategic plan and operations manual were well comprehended and had the endorsement of senior leadership.

Outcomes