| Overview : UNCDF is the UN’s capital investment agency for the world’s 47 least developed countries (LDCs). With its capital mandate and instruments, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development. UNCDF’s financing models work through two channels: savings-led financial inclusion that expands the opportunities for individuals, households, and small businesses to participate in the local economy, providing them with the tools they need to climb out of poverty and manage their financial lives; and by showing how localized investments – through fiscal decentralization, innovative municipal finance, and structured project finance – can drive public and private funding that underpins local economic expansion and sustainable development. UNCDF financing models are applied in thematic areas where addressing barriers to finance at the local level can have a transformational effect for poor and excluded people and communities.
UNCDF’s Local Development Finance Practice aims to be a centre of excellence and innovative fund for local government finance and local economic development finance in the world’s 47 LDCs. As part of UNCDF’s development goals, it promotes and supports transformative investment through local governments and domestic banks in LDCs by piloting and scaling up innovative financing mechanisms and policies in the public and private sectors. The vision is a world in which LDCs will have robust policy environment, strong institutional capacity and effective financing vehicles that contribute to diverse, inclusive and resilient local economies and societies by 2030. Local Development Finance (LDF) at UNCDF adopts a transformative impact financing approach to promote service delivery, infrastructure investment and local economic development that retains value within the local territory. This builds local fiscal space and local fixed capital formation. Working with local governments, domestic banks and local businesses, LDF designs, pilots and tests out financing mechanisms and business models in both public and private sectors that support locally designed public investments and revenue generating capital investment projects. The investment financing toolboxes include Fiscal Decentralization, Local Development Funds for public capital investment programming, Structured Project Finance, Municipal Finance, SME Finance, and Public-Private Partnerships. Under the supervision of Senior Investment Manager, Local Development Finance Practice, the Consultant will support in various tasks related to the coordination, analysis and management of the global pipeline of revenue generating investments within the Local Development Finance Practice and will provide support to the advocacy of its portfolio and financial instruments within UNCDF, the UN agencies and external partners. For full Terms of Reference and to apply click here: https://jobs.undp.org/cj_view_job.cfm?cur_job_id=81149 |
