Reporting to: Regional Climate Finance Advisor (based in Nairobi, Kenya)
Location: Dar es Salaam, Tanzania (with possibility of relocation)
Job Schedule: Full time
Contract Duration: 1 Year
The UN Capital Development Fund (UNCDF) assists developing countries in economic development. UNCDF's vision is to mobilize capital flows for impactful investments addressing development challenges. It uses grants, loans, and guarantees to crowd-in finance, focusing on the most pressing needs and supporting the 2030 Agenda for Sustainable Development.
UNCDF works as a hybrid development organization and development finance institution. It provides technical and financial advisory services, designs financial structuring solutions, undertakes financial derisking, and enhances investment readiness. It focuses on six priority areas:
UNCDF's organizational setup includes an Investment and Implementation Division (IID), Investment and Finance Oversight Division (IFOD), Operations and Oversight Division (OOD), and a Directorate of the Executive Office. Staff are located in regional hubs in Dakar, Nairobi, and Bangkok.
The Local Climate Adaptive Living (LoCAL) Facility, established by UNCDF, promotes climate change-resilient communities. It channels climate finance for locally-led investments in vulnerable countries. LoCAL aims to integrate climate change into local authorities' planning, increase awareness and capacities, and improve local investments addressing climate change. It combines performance-based climate resilience grants (PBCRGs) with technical and capacity-building support.
In Tanzania, LoCAL is piloted by three local government authorities in the Dodoma region, potentially benefiting over 800,000 people. It's aligned with Tanzania's climate change strategy, NDCs, the National Adaptation Plan, and related frameworks. The LoCAL mechanism is expected to scale up to additional districts in 2024.
The incumbent performs other duties as deemed necessary.
The Climate Finance Specialist will report to the Management Specialist and collaborate with the LoCAL global Facility and UNCDF colleagues. The position will supervise national officers, field officers, and drivers.
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