Consultants on Climate/SDGs Debt SWAP Initiatives in The Arab Region

  • Location:
  • Salary:
    negotiable / YEAR
  • Job type:
    CONTRACTOR
  • Posted:
    1 month ago
  • Category:
    Climate and Disaster Resilience, Environment and Natural Resources
  • Deadline:
    28/01/2024

JOB DESCRIPTION

Job Opening
Job Opening ID: 226379
Job Network : Economic, Social and Development
Job Family : Economic Affairs (and Sustainable Development)
Category and Level : Consultants, CON
Duty Station : BEIRUT
Department/Office : Economic and Social Commission for Western Asia
Date Posted : Jan 22, 2024
Deadline : Jan 28, 2024

Result of Service
The incumbent is required to provide strategic guidance for the operationalization of the initiative through participation in four meetings through the year 2024, and revision and provision of comments on documents related to the Initiative, as shared by ESCWA.
Work Location
Remotely
Expected duration
1 Year
Duties and Responsibilities
Background:

The United Nations Economic and Social Commission for Western Asia (ESCWA) has launched a Climate/SDGs Debt Swap – Donor Nexus Initiative in the Arab region. The Initiative supports member States that are facing challenges of climate finance, high debt burdens, and their fiscal pressures are exacerbated by the adverse impact of the COVID-19. The Initiative also provides opportunities for debtors, creditors and donors to accelerate implementation of the SDGs and Paris Agreement, while achieving climate-sensitive national development objectives in line with global development goals.

The launch of the Initiative is timely and pursuant to the outcomes of the 2020 United Nations High-level Meeting on Financing for Development, which sets out a menu of options for consideration by Heads of State and Government, and that includes the use of debt swaps to assist countries that are facing high debt burdens.
ESCWA established a network of key reputed experts in the cross-cutting area of debt swap and climate finance, which acts like an ad hoc “Advisory Committee” to support the operationalization of the Initiative. In particular, the Advisory Committee members have guided the process of operationalizing the Initiative in pilot countries, such as Jordan, since the formation of the Committee in March 2021. With the successful operation of the Committee, ESCWA is extending the period of the Advisory Committee to 2024 to extend the Initiative to support Tunisia and other countries in the region such as Morocco and Mauritania, in addition to Jordan, and to support the advocacy of the Initiative.

ESCWA will function as Secretariat. The Project Coordinator of the Climate/SDGs Debt Swap – Donor Nexus Initiative, or delegated official by ESCWA’s Senior Management, will facilitate the meetings of the Advisory Committee in close coordination with ESCWA’s Senior Management. The meetings of the Committee may be done in virtual setting or in physical setting as deemed necessary and decided upon consultation with the Chair of the Advisory Committee and ESCWA’s Senior Management.
Meeting notes will be documented by ESCWA Staff and will be shared with the Advisory Committee.

Duties and Responsibilities:

The main functions of the Advisory Committee will involve their participation in four meetings in 2024 (ideally, one in each quarter of the year). The meetings aim to help operationalizing the ESCWA Initiative through their contributions as listed below, but not necessarily limited to;

• Provide strategic guidance on rules and feasibility of swap in specific contexts, including rules of engagement with creditor(s) and Paris Club Secretariat;
• Facilitate discussion with creditor(s)/donor(s) for negotiating the debt swap proposal for specific country contexts, and travel if required for in-person meeting (see point 6 on travel arrangements);
• Provide guidance on identifying risks, addressing potential challenges and sensitivities such as that facilitates negotiation between debtor and creditor;
• Provide strategic guidance on networking and advocacy related to the Debt Swap Initiative, including with G20/IMF-WB/UN Secretariat, to advance this Initiative;
• Review and provide comments on debt swap proposals for specific country context and provide comments on associated studies that contribute to operationalizing the debt swap Initiative.
Qualifications/special skills
A Master’s degree in economics, social sciences, environment or related area is required.

All candidates must submit a copy of the required educational degree. Incomplete applications will not be reviewed.
A minimum of 10 years of work experience in contributing to implementing bilateral debt swaps, and debt for nature swaps, both in the region and outside it is required.
Languages
English and French are the working languages of the United Nations Secretariat; and Arabic is a working language of ESCWA.

For this position, fluency in English is required.

Note: “Fluency” equals a rating of ‘fluent’ in all four areas (speak, read, write, and understand) and “Knowledge of” equals a rating of ‘confident’ in two of the four areas.

This job has expired.