UNCDF is searching for a Municipal Investment Finance consultant. Reporting directly to the UNCDF Regional Advisor for the Local Development Finance Practice, the Senior Expert will support the Municipal Investment Finance (MIF) Program Manager in the development of the Municipal Investment Finance program in Senegal and West African Region, which has the objective of supporting towns, cities and urban areas in the region to secure the capital and recurrent financing required for their growing infrastructure and service requirements The MIF program operates in Senegal and other selected LDCs in the Western Africa region in coordination with the respective UNCDF country team under the direct supervision of the Regional Technical Advisor who is based in Dakar, Senegal.

The aim of the MIF Programme is to increase the ability of local governments and other sub-sovereign entities to address key urbanization challenges through access to sustainable sources of capital financing. The Programme will improve quality of life in LDC cities in Africa and Asia, especially for the poor. Specific objectives include (i) improving access to capital for investment in critical urban infrastructure and services in LDC cities targeted by the program, (ii) creating or strengthening financial markets and market intermediaries so that they can facilitate capital access for cities, and (iii) establishing policies, standards, and practices that improve the efficiency and effectiveness of the capital financing process in beneficiary countries.

The Senior Expert will provide technical assistance to local governments and local banks as partners of choice and builds on the platform and reputation of UNCDF's support to fiscal decentralization in LDCs over a 20-year period. This includes piloting and testing improved mechanisms, instruments and tools for: Fiscal transfers from central to local government institutions; Improvements in local taxation and fees; Debt instruments (loan borrowing, special purpose project vehicles and bonds) for Municipal Finance; and project / SME finance for infrastructure largely in the productive sectors. Furthermore, the expert will work with municipalities on the process of accessing capital.

For detailed job description and to apply, copy this link: https://jobs.undp.org/cj_view_job.cfm?cur_job_id=84452