Thinking of a Career in Emergency Management?
- BY Nicole Pelette
United Nations Capital Development Fund (UNCDF) makes public and private finance work for the poor in the world’s 47 least developed countries. With its capital mandate and instruments, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development. UNCDF’s financing models work through two channels: financial inclusion that expands the opportunities for individuals, households, and small businesses to participate in the local economy, providing them with the tools they need to climb out of poverty and manage their financial lives; and by showing how localized investments—through fiscal decentralization, innovative municipal finance, and structured project finance—can drive public and private funding that underpins local economic expansion and sustainable development.
By strengthening how finance works for poor people at the household, small enterprise, and local infrastructure levels, UNCDF contributes to SDG 1 on eradicating poverty and SDG 17 on the means of implementation. By identifying those market segments where innovative financing models can have transformational impact in helping to reach the last mile and address exclusion and inequalities of access, UNCDF contributes to SDGs 5, 7, 8, 9, 10, 11, and 13, and emphasizes the deployment of sustainable public and private financial models that leverage in follow-on domestic and international investment. The Strategic Framework foresees in particular the need for the public and private spheres to come together around a more action-oriented agenda to make finance work for the LDCs, particularly in the first 10 years of Agenda 2030 to ensure that graduating LDCs have access to sustainable finance models that are SDG-positive. The SF also foresees a stronger inter-agency offer for UNCDF, to assist the whole of the UN to lift its approach to public/private finance in pursuit of SDG achievement at country level.
Approximately US$1.7 trillion flows from the developed world to the developing world from a diversified set of actors and with equally distinct motivations, ranging from purely philanthropic to market-rate return on investments. By being innovative in the way development assistance is deployed it can have the potential to extend the reach and effectiveness of the aid through for example the complementary deployment of private capital i.e. by blending public and private funds for enhanced development results. The development assistance then has the potential to expand the pool of foreign and domestic capital available for economic development for e.g. small and medium enterprises, agriculture, infrastructure and key public services.
UNCDF can use a combination of grant, reimbursable grant, loans, guarantees and/or technical assistance to support early stage businesses, SMEs, projects, microfinance institutions and municipal investments. Up till today UNCDF’s use of loans and guarantees is growing and there is now an ambition to make better use of these financial instruments and the last year has seen a steep increase in the issuance of loans and guarantees. UNCDF works to provide access to finance by using a range of financial products is available to all segments of society, at a reasonable cost, and on a sustainable basis. UNCDF has also seen a strong increase in demand for its services with regard to financial instruments from other UN agencies, not least UNDP, and UNCDF is now building a service function to be able to respond to this demand. Another workstream is to set up a joint fund with a third-party fund manager to attract other type of capital to UNCDF’s pipeline of projects. It will require some active structuring with the use of guarantees and loans.
The Programme Associate, G6 LDC Investment Platform will be working under the supervision and guidance of the Director for LDCIP, D-1, provides a wide range of programme support services, for smooth implementation and management of LDCIPs operational responsibilities with focus on the in areas of finance & budget management, administrative and logistical support and information delivery. The Programme Associate is expected to work in close collaboration with the entire LDCIP team, comprised of Director and four 4 Investment Specialists.
The role is based in UNCDF New York Headquarters and is a local General-Service recruitment, in accordance with the UN Staff rules and regulations.
Duties and Responsibilities
Summary of key functions:
Under the supervision of the Director of Least Development Countries Investment Platform (LDCIP) , the Programme Associate G6 will provide a wide range of administrative and finance support services, and ensure full compliance with LDCIP specific regulations, most notably the Loan and Guarantee Policy, as well as ensuring compliance with UNDP/UNCDF programme policies and procedures and UNCDF Operations Manual.
The detailed roles and responsibilities are outlined below:
Provide administrative support to the LDCIP team
Required Skills and Experience