Work for the IMF. Work for the World.
The Monetary and Capital Marketโs Department (MCM) of the International Monetary Fund (IMF) is seeking an experienced expert to work as Resident Advisor in Public Debt Management for the Regional Technical Assistance Center AFRITAC West 2 (AFW2). AFW2 is a multi-donor-financed institution that provide capacity development (technical assistance (TA) and training) in macroeconomic and financial sector policies to six countries in English- and Portuguese-speaking West Africa [1] AFW2 comprise a core team of resident advisors (complemented by short-term experts) under the general supervision of a Center Director.
Description
The Resident Advisor will be based at our Center AFW2 in Accra, Ghana (https://www.afritacwest2.org), and will assist participating countries across West Africa in public debt management and development of domestic debt markets.
This is a one-year contractual position, which is renewable for up to three years subject to budget availability and satisfactory performance.
Duties and responsibilities
The Resident Advisor will respond to TA and capacity development (CD) requests received by AFW2 member countries and is expected to travel to these countries to perform the assigned duties. S/he will be required to assist AFW2 members through capacity building in the following areas:
Improving governance and institutions โ supporting country authorities in establishing efficient institutional structures and appropriate legislation for debt management, formulating reform plans for debt management, and undertaking scoping assessments for capacity building.
Enhancing strategy and policy โ supporting the formulation and implementation of a medium-term debt management strategy (MTDS), through the MTDS framework and use of accompanying analytical tool (AT) and annual borrowing tool (ABT), with a particular focus on assessing, monitoring, and managing sovereign debt portfolio risks. Facilitating the integration of cash and debt management through an annual borrowing plan and regular issuance calendar.
Developing debt markets โ supporting country authorities to develop market access for cost effective financing domestically and internationally, including through development of domestic debt market using the IMF-WB framework for Local Currency Bond Market (LCBM) development.
Boosting debt transparency โ strengthening practices for debt recording, reporting and monitoring of public debt, including in conjunction with partners providing debt recording solutions (Commonwealth Secretariat and UNCTAD).
To deliver this TA, the Resident Advisor will be responsible for:
Establishing a debt management CD program by building excellent working relationships with member countries, identifying CD needs and building capacity in a lasting manner.
Organizing/participating in CD missions and provide offsite advice, either alone or with short-term experts that are on MCMโs roster and IMF HQ staff.
Helping organize, conduct, and contribute to regional workshops and seminars on public debt management.
Cooperating with the other Resident Advisors as well as other organizations providing CD on issues related to public debt management.
Delivering gender-informed outcomes โ mobilizing female participants in capacity development and through regional workshops.
Collaborating with member countries and regional authorities in the preparation of annual assessments of capacity-building needs in AFW2 member countries, considering previous CD delivery and country-specific circumstances.
Any advice provided by the advisor will be in line with IMF policies.
Qualifications
The successful candidate should have:
Extensive practical experience in public debt management and development of domestic debt markets acquired from working in debt management offices of local authorities and/or by the delivery of Technical Assistance.
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.
[1] AFW2 member countries are: Cabo Verde, The Gambia, Ghana, Liberia, Nigeria and Sierra Leone.
Department:MCMTA Monetary and Capital Markets Dept. Technical Assistance Strategy
Hiring For: A11, A12, A13, A14
The IMF is committed to hiring 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. Information on how to request accommodations will be provided during the application process.