Brief description: The overall objective of ASCI is to enhance access to finance for investment for secondary cities in Sub-Saharan Africa, and so contribute to the delivery of several of the SDGs, including in particular SDG 11, and to the New Urban Agenda. Localising the SDGs is key to their implementation and, given the increasing rate of urbanisation, cities are at the centre of the UN 2030 Agenda. ASCI will support this goal through focusing on secondary cities in Sub-Saharan Africa. Secondary cities have been chosen as the focus of this TA operation because they generally have high needs and lower capacities, and donor funds tend to target larger cities.
In the context of this TA operation, finance for investment for secondary cities refers to a wide range of credit structures. These structures may be made possible through the use of sovereign or donor-funded guarantees, and blended finance instruments such as first loss grants or investment grants.
The purpose of ASCI is to enable a selected number of secondary cities in Sub-Saharan Africa to better access finance for their sustainable urban infrastructure needs through an integrated, planning-led, multi-sector approach. The TA operation will provide capacity development support to the selected secondary cities, develop municipal financing strategies, foster greater access to investors, and provide advisory support targeted to specific projects. Some of these projects could potentially be financed by the EIB or others in the future, possibly after further later-stage technical assistance.
Results to be achieved:
- R1.1: Four countries and ten cities are identified for the TA operation
- R2.1: Local governments of the participating cities have received support to identify and decide on a priority list of investments and identified key barriers to those investments;
- R2.2: A capacity building programme is developed and implemented to enhance the capacity of local governments to understand municipal finance, the financing structures and funding sources available to them, and the importance of key integrated sustainable planning principles;
- R3.1: At least fifteen sustainable urban infrastructure projects receive dedicated financial advisory services;
- R3.2: Additional technical assistance sources, such as EIB managed funds or external sources, are identified and funding applications are prepared;
- R3.3: Terms of reference are developed for further preparatory work that needs to be undertaken on the selected projects;
- R4.1: Knowledge sharing activities are developed and undertaken to share best practices and lessons learnt;
- R4.2: Local governments are assisted to access potential investors and to develop realistic and sustainable financing plans for their projects.
Commencement date of the project: September 2020 (tentative)
Duration of the assignment: 630 working days over 36 months
Qualifications and skills:
– At least a university degree in a field relevant to this TA operation (e.g. finance, urban economy, urban management);
– Fluency in spoken and written English and working level in French is required.
General professional experience:
– 8 years of experience in advising local governments, out of which at least 5 years should be in Sub-Saharan Africa;
– Proven experience in supporting the development or improvement of a city’s investment strategy as evidenced by at least 1 project;
– 5 years team management and/or coordination experience.
Specific professional experience:
– 8 years of experience in advising local governments on municipal finance;
– 2 projects related to evaluation of urban infrastructure investments and/or support to city governments to use a range of options for financing projects;
– Prior experience of working with DFIs is required and evidenced by at least 1 project; buscar más información
– Practical experience of coordinating with international initiatives and international and local city networks constitute an advantage;
– Practical relevant work experience working directly with secondary cities in Africa constitute an advantage;
– Prior experience of working with private and institutional investors would constitute an advantage.