EMPLOYMENT OPPORTUNITY
Background
Following a request from EAC Secretariat to the African Development Fund (ADF) for support to the areas of Payment and Settlement Systems Integration of the EAC Financial Sector Development and Regionalization Project (FSDRP1), the ADF committed to provide a grant in support of the establishment of EAC Payment and Settlement Systems Integration Project (EAC-PSSIP) in the EAC region. The Protocol Agreement amounting to Fifteen Million Units of Account (UA 15,000,000) signed between EAC and ADF to fund the project in January 2013 and Four Million Eight Hundred thousand (UA4,800,000) Tripartite Agreement signed between ADF, Republic of South Sudan and EAC in August 2019.
The EAC-PSSIP is aimed at complementing the integration of the regional Financial Market Infrastructure to facilitate the undertaking of cross border funds transfers in support of the economies of the region as a whole, together with providing outreach to rural areas in order to encourage greater participation in the formal financial sector.
The objective of the EAC PSSIP is to develop a robust environment for both wholesale and retail payment and settlement systems and to facilitate market integration, support effective application of monetary policy and financial markets aimed at enhancing safety and efficiency in the overall payment and settlement systems. This will ultimately contribute to the pursuit of sound macroeconomic policies and improve the functioning of regional integrated financial markets.
The project includes the following key components:
- Integration of financial market infrastructure;
- Harmonization of financial laws and regulations; and
- Capacity building.
The East African Community Secretariat seeks to recruit a highly motivated, result-driven, and qualified professional from citizens of the Republics of Burundi, Democratic Republic of Congo, Kenya, Rwanda, South Sudan, Uganda and the United Republic of Tanzania to fill the following position tenable at the EAC Secretariat in Arusha, Tanzania.
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