UN Lead, Sustainable Debt Coalitio Jobs in Ethiopia
Result of Service
Formalized governance documentation for the SDC
Formalized membership documentation for the SDC
Official declaration(s) of the SDC
Action plan on country-defined key performance indicators in debt issuances
Scaled growth of the SDC’s membership, secretariat and impact to global discourse on the reform of the sovereign debt architecture.
Duties and Responsibilities
The Global South faces a complex array of interconnected and persistent crises that exacerbate poverty and inequality. The magnitude of these challenges is further amplified by several factors, including insufficient access to affordable financial resources to meet economic, social, and environmental goals. Sovereign debt burdens are amongst the most challenging issues for some countries, leading to negatively reinforcing feedback loops, including on development and climate change. Many debt-related challenges continue to increase in magnitude and acuity, despite intentions to improve financing and investing towards inclusive and sustainable economic development. A growing ‘finance divide’ has significantly reduced the ability of many developing countries to invest in recovery, climate action, and sustainable development. In the current poly-crisis era, the average ratio of public debt relative to GDP has climbed nearly 30% in low-and middle-income countries. Debt servicing is consuming a significant and growing portion of revenues. In Africa, 57% of governments are forced to allocate more funds to debt servicing than healthcare, and 17% allocate more to debt servicing more than education. Higher public debt not only limits access to affordable financing but also constraints a sovereign’s capacity to address climate change and development issues. Increased climate change exacerbates environmental, economic and social pressure, thereby undermining a nations’ ability to repay debts.
Coordinate the continued scaling of the Sustainable Debt Coalition, including its membership growth, enhanced membership engagement, expanded engagement in international fora, expand and lead the performance of the secretariat.
Coordinate strategic planning for the future of the Coalition, including recruitment, personnel management, country engagement, and future leadership arrangements. Act as the SDC’s central focal point. Provide strategic and operational guidance. 3. Enhance, adapt, and formalize governance documentation for the SDC, with the support of the legal consultant(s). Such documentation outlines the purpose of the SDC, its legal architecture, membership classes, and key rights and responsibilities of all stakeholders, including the Secretariat. Be responsible for the regular monitoring and evaluation of the SDC’s activities. Revisions of such documentation should enhance its legal credibility and protections of the SDC from undue influence.
Refine membership documentation for the SDC, with the support of the legal consultant(s), consisting mainly of a commitment letter for countries to sign, supplemented by other documentation as deemed necessary by Consultant and delegates of Supervisor. Such documentation shall outline commitments and obligations of member, Coalition, Secretariat, and related parties. Foster robust relationships between the members, prospective countries, joint institutions and the SDC ensuring a strong collaborative effort.
Enhance, adapt, and formalize the proposed first official declaration of the SDC, with the support of the legal consultant, to be adopted at its formal launch. Such declaration shall outline the mission and objectives of the SDC, its initial priorities, any commitments of its members, and requests to the Coalition Secretariat.
Coordinate the creation of a general action plan for countries interested to develop, market, and manage debt instruments linked to country-defined key performance indicators, especially sustainability-linked bonds. Such action plan shall outline, at least,
options available to countries,
a step-by-step process for countries to develop these instruments,
key considerations for key performance indicators and Second Party Opinion,
key legal considerations associated with the use of these instruments (supported by the legal consultant) and key documentation of the sustainable finance instrument, framework, or program to align with sustainable finance principles, and
key considerations regarding relevant IMF standards, protocols, and perspectives (supported by the legal consultant).
Provide targeted support to countries wishing to use any instrument(s) prioritised by the SDC. Contribute to strengthen the SDC’s communication strategy by organizing related ministerial events, policy work, and knowledge creation to expand the political reach of the SDC. Such support shall be provided in partnership with the Supervisor.
Provide support to African countries to be able to advocate for their climate finance needs at the 29th Conference of the Parties to the UNFCCC and in the context of preparatory events for this convening. Offer comprehensive capacity building, technical assistance, and advocacy training session to develop effective communication strategies.
Assist consultant on financial planning and fundraising for the SDC.
Deliver other services as directed, for the continued scaling of the SDC, related research and advocacy, and the support of its members.
Contract Duration The consultant will be working on a full-time basis. Overall Contract Duration: 12 months Total Remuneration: 142,800 USD (11,900 USD per month)
Qualifications
Advanced university (Master’s degree) in economics, environmental economics or development or related fields is required.
A submitted Doctoral thesis is desirable. A first level university degree in a combination of additional two years of qualifying experience may be accepted in lieu of the master’s degree.
A minimum of ten (10) years of progressively responsible relevant international experience in sustainable development, of which at least two years of experience in the areas of climate finance is required.
Experience in international development issues as they relate to climate change and sustainable development, including knowledge of key players and processes, is required.
Knowledge of UNFCCC processes is required. Knowledge and experience of debt issues in developing country contexts is required, in particular related to development finance needs.
How to Apply
For more information and job application details, see; UN Lead, Sustainable Debt Coalitio Jobs in Ethiopia
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