IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org
IFC has embarked on an ambitious new strategy to stimulate more investment activity, especially in Low Income Countries (LICs) and Fragile and Conflict affected States (FCS). This new strategy aims at creating our own opportunities for private investments in riskier markets by proactively working in these countries to create, deepen, and expand the markets themselves. Delivering on this strategy requires a different approach to delivering integrated and scalable solutions that create new markets through Upstream engagements and the implementation of the Cascade, in very close collaboration with World Bank colleagues at the country and sector level. Ultimately, it is about creating a new pipeline of bankable operations/ projects.
Principal Investment Officer, req4218- Johannesburg, South Africa; Dakar,Senegal; Nairobi, Kenya
The Infrastructure and Natural Resources (INR) Industry Department is one of IFC’s key strategic priorities. The team delivers financial and technical support to clients in the power, transport, telecoms, municipal & environmental infrastructure, oil and gas, and mining sectors, from IFC’s own balance sheet and through mobilization of other capital. The Department also seeks to maintain IFC, as part of the World Bank Group, at the cutting-edge of helping member countries find solutions to new and emerging infrastructure and natural resource issues.
The Global Infrastructure Project Development Fund (GIPDF, also known as IFC InfraVentures (IFC IV)), is a flagship Infrastructure & Natural Resources (INR) “Creating Markets” initiative. First approved by the Board in 2008, it was renewed with strong support at Board in June 2018, with a new $150 million envelope to be committed over a five-year period. The purpose of IFC IV is to address the shortage of investable/bankable infrastructure projects by providing both capital at risk from the IFC IV envelope and IFC expertise during project development, in exchange for the option for IFC to provide follow-on IFC “mainstream” financing in the projects or initiatives supported by IFC IV.
IFC IV falls under the Global Upstream Unit (GUU) in INR but relies on dedicated IFC IV practitioners in the regions (primarily Africa and East Asia / Pacific, but also Middle East / North Africa) and “mainstream” Investment Officers (IOs) to provide the bulk of development work for IFC IV-supported projects. Global coordination and decision making are provided by the Global Head IFC InfraVentures, who is also responsible for portfolio management as well as administration of and reporting from the IFC IV envelope.
IFC is seeking a Regional Lead, IFC InfraVentures, Middle East and Africa (MEA) to be based in one of the African sub-regional hub offices (Johannesburg, Dakar or Nairobi), to lead IFC IV business within the MEA region and, after a period of consolidation, drive the growth of the facility pipeline, in coordination with the MEA INR regional management team and with the GUU. S/he will report to the INR Upstream Manager for MEA.
Duties and Accountabilities
The roles and responsibilities of the position will include but not be limited to:
The World Bank Group values diversity and encourages all qualified candidates who are nationals of World Bank Group member countries to apply, regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. Sub-Saharan African nationals, Caribbean nationals, and female candidates are strongly encouraged to apply.
Interested and qualified? Go to World Bank Group career website on worldbankgroup.csod.com to apply