IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.
In June 2022, the World Bank Group adopted a new Climate Change Action Plan that aims to deliver record levels of climate finance to developing countries, reduce emissions, strengthen adaptation, and align financial flows with the goals of the Paris Agreement. Key highlights of the Action Plan include Aligning all World Bank Group financing flows with the objectives of the Paris Agreement to support countries’ climate commitments. The International Finance Corporation (IFC), a member of the World Bank Group (WBG), has established a program called the IFC Green Bond Technical Assistance Program (GB-TAP) to support the Green Bond Market Development. The GB-TAP objective is to create and accelerate the growth of the green bond asset class in emerging markets through broad market creation activities and targeted local capacity building such as training, research, dissemination of best practices and case studies.
Scope of work:
Working closely with the CBD team, the ETC is expected to perform a wide range of tasks which may include, but not limited to, the following to support the Paris Alignment and Green Bond Technical Assistance program:
Paris Alignment:
• Develop internal and external resources to support and equip IFC to align 100% of new direct investment projects by July 1, 2025; resources include factsheets, case studies, presentations, implementation plans, questionnaires, guidance notes, and various communications materials
• Track CBD’s Paris Alignment project assessment progress to inform approach to 100% assessment goal; oversee regular meetings regarding tracking progress and provide updates; manage team inputs and ensure quality progress reporting; implement tracking model updates and create various data visualizations as needed; oversee process of transferring tracking to centralized IT database
• Coordinate with IFC and World Bank colleagues regarding Paris Alignment assessment tracking for Board reporting purposes
• Coordinate with Upstream and Climate Anchors to ensure incorporation of Paris Alignment into relevant stages of the project cycle; support in the development of any Paris Alignment materials to facilitate assessment
• Support the development of tools to facilitate in accordance with a set of frameworks and tools to implement Paris Alignment according to the ‘building blocks’ developed by a consortium of multilateral development banks
• Support the roll-out of Paris Alignment assessment of investments in financial intermediaries, as needed
• Support CBD’s Paris Alignment knowledge sharing events through the preparation of presentations
• Research and analyze Paris Alignment and Net Zero commitments across developing bank/emerging market investment industry to inform IFC approach; create informative materials to replay to IFC staff
• Support CBD with the development of various research and strategic analysis, as needed
GB-TAP
Lead program reporting:
• Track, monitor, and analyze key indicators of GB-TAP performance and incorporate into reporting
• Ensure quality and timely delivery of the semi-annual donor reports to the three major donors of the GB-TAP as well as the PSR and Amundi reports
• Develop donor presentations for meetings and support coordination
• Collaborate with other departments in IFC to assist in preparing reports, as needed
• Conduct selective market research related to green, social, and sustainability bonds, and provide analysis/findings
Support development and delivery of GB-TAP flagship knowledge products:
• Oversee the development and publication of key industry guidance and protocol documents produced through the GB-TAP; coordinate with respective teams where relevant
• Support thought leadership regarding the GB-TAP pipeline and future strategic activities that support green bond issuances in emerging markets