The Revenue Mobilisation, Investment and Trade (REMIT) is a multi-year programme funded by the UK’s Foreign, Commonwealth and Development Office (FCDO) and is implemented by Adam Smith International (ASI). The program provides technical assistance (TA) to Pakistan with a broader objective to implement reforms for strengthening macroeconomic stability and improving conditions for high and sustained growth, mutual prosperity, job creation, and poverty reduction. The Programme works towards supporting the Government of Pakistan, its relevant ministries, institutions, and departments to strengthen revenue mobilization reforms/initiatives, address investment environment challenges, facilitate trade and drive competitiveness by reducing trade barriers, and improve the macroeconomic policy and its management.

The Ministry of Finance (MoF) has prioritized effective debt management to bring and maintain public debt-to-GDP ratio at sustainable levels. It aims to carry out improved debt management along with resource mobilisation, expenditure rationalisation, and efficient utilisation of debt.

REMIT is currently seeking an experienced Debt Management Specialist. This role involves working with the MoF to prepare a report on debt management function and formulate an assessment of analytic report on the required functionalities of DMO, and to provide inputs into the development an analytic tool for debt management.

The position requires a comprehensive approach, combining economic expertise, advanced institutional knowledge and stakeholder engagement abilities and effective training and capacity building skills.

Job Summary

This assignment will require the specialist to review public debt instruments, identify cases requiring missing updates on debt obligations and payments, and ensure that these are included in the MoF debt profile calculations. In addition, the specialist and their team will provide support to develop an analytic tool for domestic debt management. 

Duties and Responsibilities

1. Develop an ‘as-is’ report on DMO processes and activities

• Assess domestic debt management practices and use of data
• Devise a data and information collection process, including KIIs
• Develop a report analysing the present state-of-play

1. Review and finalize a workflow report

• Analyse of components to workflow and assess if these are accurately defined
• Final report and identification of steps for a debt management support tool

1. Develop and validate DMO essential functionalities requirement

• Assess and finalize the DMO functionalities for a debt analysis tool

• Identify computational methods to generate variables for debt management analysis and decision support

• Design and support implementation of debt analysis reports for incorporation in the debt management tool

1. Support Tool Development, Testing and Installation

• Work with the software development team and support development of analytic functionalities
• Support development of computation methods and incorporation in the analytic tool
• Support tool testing, installation in DMO and support staff training on use of the tool functionalities

1. Plan, organise, and conduct workshops

• Coordinate data validation workshop.
• Organise consultations to refine draft analysis and draft institutional matrix.

1. Stakeholder Collaboration:

• Collaborate with government agencies, academic institutions, and private sector entities to gather expertise and ensure the alignment of the implementation plan with the political and economic landscape of Pakistan.

Qualifications and Experience:

• A minimum of 15 years of experience in the development of sustainable debt management planning.
• Good understanding of economic policies, debt management and operation of variables like interest rates, and inflation rates.
• Excellent system development and data expertise for the development models. 
• Minimum master’s, preferably PhD qualification in economics, statistics, or related field.
• Strong review and analysis skills, with the ability to review technical policy and legal documents.
• Ability to engage with senior-level government officials, and to facilitate the process of getting things done vis-à-vis timelines, responsibilities, and resources required to deliver individual actions.
• Excellent record keeping, report writing, communications, and presentation skills.
• Excellent oral and written English.

Reporting

The consultant will report to the REMIT Team Lead and REMIT Macroeconomy Lead.