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Objective of the Assignment
The overall objective of this assignment is to provide substantive advice to the LDFP’s senior management on the Local Development Finance Investment Committee regarding private sector finance for resilience and local economic development; and represent as Special Representative to Local Climate Adaptive Living (LoCAL) Programme as a facilitator to achieve the goal of direct access for LDC local governments from the Green Climate Fund through the LoCAL mechanism.
The Local Development Finance Investment Committee is the UNCDF LDFP committee who reviews and approves its investment pipeline for the UNCDF LDC Investment Platform. The platform plays an increasingly active role in mobilizing investments in local economies through the application of catalytic loans and guarantees that mitigate risks for public and private investors. The enabling mechanism for these activities is the LDC Investment Platform (the “Platform”), which is creating new opportunities for UNCDF to expand its support for local infrastructure and businesses in the last mile that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.
LoCAL is a mechanism for channeling global climate finance directly to local areas in Least Developed Countries for measurable, effective investments in adaptation to climate change that build resilient local communities and economies. LoCAL is a concrete and practical UN designed mechanism for climate adaptation. Engaging Green Climate Fund board members and member states around LoCAL at the UN Summit provides UNDP, UNCDF and other UN agencies with practical solution that will contribute in meaningful ways to building resilience to climate change. LoCAL will enable member states to provide effective public and private finance for resilient communities and economies at the local level, thus diversifying their economic base and broadening their national resilience to climate change. It will provide LDCs with a mechanism to attract further climate finance for the local level.
Apply here: https://jobs.undp.org/cj_view_job.cfm?cur_job_id=81922