Análisis de la transmisión de resiliencia desde las inversiones en adaptación a la estabilidad financiera

Organizational Context

The Economic Commission for Latin America and the Caribbean (ECLAC), part of the UN Secretariat, seeks a consultant to analyze the transmission of resilience from adaptation investments to financial stability. This role supports the Climate Change Unit and contributes to the EUROCLIMA program, with a focus on regional application and potential integration into debt sustainability frameworks.

Job Purpose

The purpose of this consultancy is to develop a methodology for analyzing adaptation investments and their contribution to financial stability, with potential regional application and a pilot in two countries. The role involves in-depth analysis to support the methodology, exploring how these investments can be incorporated into the IMF and World Bank's Debt Sustainability Analysis (DSA/F) framework. The consultant will advise ECLAC's Climate Change Economics Unit on the transmission channels between ecosystemic and social resilience and financial stability, contributing to broader climate finance initiatives and capacity building for finance ministries.

Responsibilities

The consultant will support the analysis of various adaptation investment possibilities and understand the transmission channels between these investments and the soundness of financial institutions or fiscal health. This includes conducting simulations on these transmission channels. Additionally, the consultant will assist in building capacity within finance ministries to articulate how adaptation investments contribute to financial stability. A key responsibility is developing a methodology for analyzing this contribution, including a pilot application in two regional countries, and providing background analysis to support the methodology's arguments.

Work Experience

A minimum of 7 years of professional experience is required in finance, fiscal sustainability, economics, climate change, or environmental fields. Desirable experience includes 3 years in sustainable finance or related areas. Experience with sovereign debt management and fiscal sustainability is also noted.

Skills

Expertise in economics, climate change, adaptation and resilience, finance, sovereign debt management, and fiscal sustainability. Ability to analyze investment impacts on financial stability. Skills in developing methodologies and conducting simulations. Proficiency in English and Spanish.

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