Resident Advisor in Public Debt Management (SARTTAC) MCMTA

Overview

Assist Lao PDR, Maldives, and Sri Lanka in public debt management.

You have:

• Extensive practical experience in public debt management and development of domestic money and debt markets.
• A graduate degree in economics, finance, or a related area.
• Excellent interpersonal skills to work effectively with senior policymakers in the region.
• Strong verbal and written communication skills in English.
• Good organizational and time management skills.

Work for the IMF. Work for the World.

This is a long-term expert (contractual) assignment based in New Delhi, India, with a 12-month initial term, with a possibility of extension typically up to three years based on performance and funding availability.

The Monetary and Capital Markets (MCM) Department of the International Monetary Fund (IMF) is recruiting a well-qualified resident advisor to assist Lao PDR, Maldives, and Sri Lanka in developing capacities on public debt management and the development of domestic money and debt markets. The advisor will be based in the IMF South Asia Regional Training and Technical Assistance Center (SARTTAC) (www.sarttac.org), collaborate with other resident advisors there, and be backstopped by the MCM Department of the IMF.

SARTTAC is an IMF regional capacity development center funded by its member countries (India, Bangladesh, Bhutan, Maldives, Nepal, and Sri Lanka) and four development partners (Australia, the European Union, Korea, and the United Kingdom). It provides capacity development (CD) (both training and technical assistance) in economic and financial management to its member countries, including at the sub-national level in India. This position will be funded initially through resources for CD provided to the IMF by Japan.

Duties and responsibilities

The resident advisor will respond to CD and cooperation requests from the authorities of Lao PDR, Maldives, and Sri Lanka and is expected to travel and provide assistance remotely to these country authorities to perform the assigned duties. The advisor is also expected to lead/organize selected training for the participating countries at SARTTAC. By elaborating well-prioritized multi-year work programs, s/he will assist these countries through:

• Improving public debt data quality, transparency and market communications by helping public debt management offices to establish and maintain a high-quality database in the public debt recording and management system, commencing regular publication of government debt and improving market communication through an active investor relations program.
• Improving analytical capacity of debt managers through hands-on training on (i) the Debt Sustainability Analysis (DSA) Framework and its Toolkit (in collaboration with SARTTAC macroeconomic training program); (ii) the Medium-term Debt Management Strategy (MTDS) Framework and its Toolkit; and (iii) best practices for loan negotiations.
• Helping the authorities to implement debt management strategies through the design and publication of an annual borrowing plan (ABP) and quarterly issuance calendar that provides regular and predictable issuance of local currency government securities; and strengthening overall debt portfolio risk management through regular publication of MTDS report.
• Developing the domestic debt market to facilitate greater issuance of local currency and long-term government securities, making improvements to the primary bond market and auction design, secondary market liquidity, investor relationship and financial market infrastructures to help diversify market borrowing and improve macro-financial resilience.
• Facilitating increased coordination in debt management through improvement in institutional and legal structure for debt management; and better policy coordination between debt management, cash management, fiscal policy, and monetary policy procedures.
• Supporting the development of repo markets that will underpin the money market and enable the effective implementation of monetary policy (in collaboration with SARTTAC’s monetary and foreign exchange operations program).
• Advising on the issuance of sovereign bonds embedded with the clause of catastrophic and natural disaster insurance.
• Managing and delivering CD missions, either alone or with short-term experts that are on MCM’s roster and provide offsite consultation advice.
• Helping organize, conduct, and contribute to regional workshops and seminars on public debt management.
• Cooperating with the other SARTTAC resident advisors as well as other organizations providing CD on issues related to public debt management.
• Keeping the MCM back-stoppers informed on major developments in debt management in these countries and progress of ongoing projects.
• Observing the policies and procedures of the IMF, applying the results-based management (RBM) strategic framework in guiding the CD activities undertaken. (The RBM framework focuses on performance and achievement of results, supported by the Fund’s Capacity Development Management and Administration Program–CDMAP).
• Leading annual work planning and budgeting for the CD program in participating countries on debt management and development of domestic money and debt markets and contributing to reports on the SARTTAC’s activities.
• Any advice provided by the advisor will have to be in line with IMF policies and international best practices.

Qualifications

The successful candidate should be able to demonstrate creativity and initiative and have:

• Extensive practical experience in public debt management and development of domestic money and debt markets. Such experience would have been acquired in debt management offices of national authorities and/or by the delivery of CD in international institutions.
• A graduate degree in economics, finance, or a related area.
• Excellent interpersonal skills, including the ability to work effectively with senior policymakers in the region and the donor community, to lead teams of senior experts, and to work as part of a team that would include staff at IMF headquarters as well as in SARTTAC.
• Strong verbal and written communication skills in English, including presentational skills in support of training-related activities.
• Good organizational and time management skills in balancing demands from participating countries with duties and responsibilities from the national authorities, MCM and SARTTAC.

The IMF is committed to achieving a diverse staff, including gender, nationality, culture, and educational background.

Department:

MCMTA Monetary and Capital Markets Dept. Technical Assistance StrategyHiring For:

A11, A12, A13, A14The IMF is committed to achieving a diverse staff, including age, creed, culture, disability, educational background, ethnicity, gender, gender expression, nationality, race, religion and beliefs, and sexual orientation. We welcome requests for reasonable accommodations for disabilities during the selection process.

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Potential interview questions

Added 2 years ago - Updated 1 year ago - Source: imf.org