Resident Advisor (Public Debt Management and Climate Finance, CARTAC) (MCMTA)

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Description

This is a long-term expert (contractual) assignment based in Bridgetown, Barbados, with a 1-year term, with a possibility of extending—depending on performance—up to a maximum of 5 years.

The Caribbean Regional Technical Assistance Center (CARTAC) is a multidonor-financed institution, providing capacity development (technical assistance and training) in economic and financial management to 23 countries. The Monetary and Capital Markets Department (MCM) of the International Monetary Fund (IMF) is recruiting a well-qualified resident advisor to CARTAC to assist participating countries to develop capacity in public debt management, develop domestic money and debt markets, and issue climate-related finance instruments (e.g., blue bonds) in the context of a country’s debt management strategy. The advisor will be part of the CARTAC team (www.cartac.org), back-stopped by the MCM of the IMF.

Duties and responsibilities

The resident advisor will respond to TA and cooperation requests received by CARTAC from its members and is expected to travel to these countries to perform the assigned duties. S/he will be required to assist CARTAC members through:

• Helping authorities to develop and implement a medium-term debt management strategy (MTDS) through the design and publication of an annual borrowing plan (ABP) and issuance calendar that provides regular and predictable issuance of local currency securities
• Development of the domestic debt market, and strengthening overall debt portfolio risk management, through the issuance of local currency securities and increasing capacity to undertake liability management operations (like buybacks and exchanges)
• Facilitating increased operational coordination with monetary policy procedures, supporting the development of domestic money markets, including repo markets
• Improving debt transparency, debt reporting and investor relations, including through the creation of investor relations programs and improved debt management websites

• In the context of individual country debt management strategies, advise on the issuance of climate-related securities, including climate-resilient debt instruments, blue and green bonds, state-contingent liabilities, and purchase of catastrophic insurance

• Assisting in selecting the appropriate institutional arrangements and organizational structure for public debt management

• Organizing/participating in Capacity Development (CD) missions, either alone or with short-term experts that are on MCM’s roster, and provide offsite advice;

• Helping organize, conduct and contribute to regional workshops and seminars on public debt management
• Cooperating with the other resident CARTAC advisors as well as other organizations providing CD on issues related to public debt management
• In collaboration with the member country and regional authorities, prepare annual assessments of capacity-building needs in CARTAC member countries, taking into account previous CD delivery and developing circumstances

Any advice provided by the advisor will have to be in line with IMF policies.

Qualifications

The successful candidate should 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 local authorities and/or by the delivery of Technical Assistance.
• Experience with the design and issuance climate-related debt (e.g., blue bonds, green bonds, state-contingent liabilities, etc.) would be desirable
• A graduate degree in economics, finance, or a related area.
• Strong interpersonal and communication skills.
• Ability to work closely with other organizations, senior government officials, and other long-term and short-term experts; and
• Strong oral and written communication skills in English.
• 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.