Overview
The consultant will strengthen fiscal resilience in the Maldives by integrating disaster scenarios into macro-fiscal analysis, enhancing institutional capacity for risk-informed fiscal planning, and improving understanding of climate-related shocks.
Tasks Summary
- Contribute to developing disaster and economic stress scenarios specific to the Maldives.
- Coordinate the collection and validation of relevant macro-fiscal, infrastructure, and disaster data.
- Facilitate inter-agency consultations.
- Provide technical interpretation of macro-fiscal modeling outputs.
- Work jointly with the data scientist consultant by facilitating access to required fiscal and macroeconomic data.
- Provide technical assessment of implications for fiscal balances, debt sustainability, and fiscal buffers.
- Contribute to evaluation of existing disaster risk financing instruments and resilience investments.
- Identify fiscal vulnerabilities related to critical infrastructure exposure.
- Facilitate the integration of Budget Stress Test findings into fiscal planning and public financial management processes.
- Coordinate technical workshops and stakeholder consultations.
- Facilitate coordination between the Ministry of Finance, National Disaster Management Authority, and relevant agencies.
- Review relevant analytical work from international partners.
- Prepare technical reports summarizing scenarios, modeling results, and policy implications.
- Provide inputs to strengthen risk-informed fiscal decision-making in the Maldives.
Experience Requirements
- A minimum of ten years of relevant experience in macroeconomic analysis, fiscal policy, macro-fiscal forecasting, debt sustainability analysis, and public financial management is required.
- Proven experience in country-level macro-fiscal frameworks, including Medium-Term Fiscal Frameworks (MTFF), budget formulation, and debt sustainability analysis (DSA), is required.
- Experience in quantitative economic analysis, econometrics, and scenario-based policy assessment is required.
- Experience working with Ministries of Finance, Central Banks, and international financial institutions on macroeconomic and fiscal policy issues is required.
- Experience in assessing fiscal risks related to climate-related vulnerabilities in a Small Island Developing State (SIDS) context is desirable.
Qualification Requirements
Advanced university degree in Economics or a related field is required. A first-level university degree in Economics or a related field, combined with a minimum of two additional years of relevant professional experience, may be accepted in lieu of the advanced university degree.
