Posted on :
15 Oct, 2019
15 Oct, 2019
Established in 1964, the African Development Bank Group (AfDB) is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth. In order to sharply focus the objectives of the Ten Year Strategy (2013 – 2022) and ensure greater developmental impact, five major areas (High 5s), all of which will accelerate our delivery for Africa, have been identified for scaling up, namely; energy, agribusiness, industrialization, regional integration and improving the quality of life for the people of Africa.
Job Title: Chief Resource Mobilization Officer
The Vice Presidency for Finance oversees the financial management of the Bank Group. This encompasses the Bank Group’s treasury activities including borrowings from the capital markets and investment activities; controllership functions including financial reporting and loan administration; strategic resource mobilization and the strengthening of the non-statutory financial resources and instruments; the overall asset/liability management for the Bank Group.
THE HIRING DEPARTMENT / DIVISION:
The Resource Mobilization and Partnerships Department is responsible for the strategic resource mobilization and the leveraging of the financial resources and instruments of the Bank Group. The department’s role is to increase the pool and types of funding available to the Bank Group’s Regional Member Countries, particularly for transformative projects in line with the Bank’s Ten-year strategy.
The Sovereign Division is responsible for resource mobilization initiatives and partnerships with sovereign entities. It is mandated to mobilize, allocate and monitor resources for the Bank Group’s statutory capital including the African Development Fund and ensuring compliance with the African Development Fund rules and the commitments taken upon the replenishment negotiations. It leads, coordinates and supports the implementation of Highly Indebted Poor Country and Multilateral Debt Relief Initiative(s). The Sovereign Division coordinates the Country Policy and Institutional Assessment and is responsible for the process of allocating African Development Fund resources among beneficiary countries and monitors their use in accordance with various African Development Fund policies and guidelines. The Division is also responsible for the required periodic reporting on the use of those Funds. The Sovereign Division also leads the partnership with sovereign entities such as bilateral aid agencies and manages most bilateral trust funds of legacy partners
The Resource Mobilization and External Finance Department (FIRM) is responsible for the strategic resource mobilization and the leveraging of the financial resources and instruments of the African Development Bank Group. The department’s role is to increase the pool and types of funding available to the Bank’s Regional Member Countries, particularly for transformative projects in line with the Bank’s Ten-year strategy and High5s Agenda.
FIRM.1 is responsible for fundraising initiatives and partnerships with sovereign entities, including the replenishment of the African Development Fund (ADF) and technical cooperation with legacy bilateral donors. It also coordinates the Country Policy and Institutional Assessment (CPIA), the allocation process of ADF resources among beneficiary countries (PBA) and monitors their use in accordance with the relevant ADF policies and guidelines.
In this regard, the Chief Resource Mobilization Officer plays a central role in resource mobilization, in partnership engagement and management with sovereign partners, and in monitoring, evaluation and reporting. Under the supervision of the Division Manager, the Chief Resource Mobilization Officer will also provide advice and support to internal and external clients on a range of resource mobilization and partnership issues including but not limited to the African Development Fund, bilateral trust funds, special initiatives and any other innovative partnership mechanisms involving the Bank Group’s traditional sovereign partners. The Chief Resource Mobilization Officer will also be involved in the development of strategic options for positioning the Bank Group in the global aid architecture, mobilizing and deploying its resources, by contributing to the planning, conceptualization, elaboration and presentation of the Bank Group key resource mobilization and negotiation documents.
Duties and responsibilities
Under the supervision and guidance of the Division Manager, the Chief Resource Mobilization Officer will: