International Consultant – Capital Markets and Innovative Finance in Africa – FDRMS

The ultimate result of the consultancy is to strengthen capital markets and innovative finance in Africa by providing evidence-based policy advice, supporting institutional capacity, and enhancing sovereign risk management to advance sustainable development.

The Economic Commission for Africa (ECA), through its Macroeconomics, Finance and Governance Division (MFGD), supports African member States in accelerating economic transformation, enhancing domestic resource mobilization, and strengthening macroeconomic management and governance. The Division’s Finance and Domestic Resource Mobilization Section plays a critical role in designing and promoting innovative financing models and deepening capital markets to help African countries finance their development sustainably.

Aligned with the aspirations of the 2030 Agenda for Sustainable Development and the African Union’s Agenda 2063, ECA is seeking a qualified consultant to support analytical and policy work on innovative finance and capital market development in Africa. The consultancy aims to contribute to ECA’s work to deliver evidence-based policy advice, design innovative financing models, and build institutional capabilities in member States to deepen both domestic financial markets and institutional Investment, and improve Sovereign Risk Management.

Under the supervision of the Chief of the Finance and Domestic Resource Mobilization Section in the Macroeconomics, Finance and Governance Division (MFGD), the consultant will perform the following duties:

• Conduct research and data-driven analysis on the development of capital markets and innovative finance and sovereign credit rating in Africa.

• Provide technical assistance to member States on capital markets, innovative finance and sovereign credit rating.

• Support the organization of national and regional workshops, consultations, and expert meetings, in collaboration with partner institutions.

• Draft technical reports, briefing notes, speeches, and presentation materials for ECA leadership and partner engagement.

• Support ECA’s efforts in mobilizing resources and partnerships for capital market development programs. Scope of work The consultant will deliver the following key outputs: a) Analytical report on issues related to finance and domestic resource mobilization in selected African countries and a policy action plan to mitigate risks from weak financial regulation and profit shifting. b) Workshop reports and stakeholder consultation summaries. c) Participation in capacity building missions.

• Advanced university degree (master’s degree or equivalent) in economics, finance, econometrics or related area is required. A first level university degree in a combination of additional two years of qualifying experience may be accepted in lieu of the master’s degree

• Additional training or certifications in data analytics, financial modeling, or development finance is desirable.

• At least 5 years of progressively responsible experience in economic and financial research, development finance, capital markets, or macroeconomic policy is required

• Experience in data analytics, and familiarity with financial market software such as Bloomberg, S&P Global, or Reuters is desirable.

• Knowledge of capital markets and innovative financing instruments is a strong advantage.

• Experience in policy advisory work and stakeholder consultation in developing countries is desirable.

THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, OR TRAINING). THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON APPLICANTS’ BANK ACCOUNTS.