E T Consultant – Sustainable Finance

World Bank Group•Washington, DC

1d•Hybrid

About The Position

Build a career with impact. Working at the World Bank Group (WBG) provides a unique opportunity to help countries solve their greatest development challenges. As one of the largest sources of funding and knowledge for developing countries, the WBG is a unique partnership of five global institutions dedicated to ending poverty, increasing shared prosperity, and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, the WBG works with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. The IFC 2030 Strategy places a strong emphasis on mobilizing private capital at scale and catalyzing private sector solutions for development in Emerging Markets (EMs). IFC’s integrated approach – combining financing, advisory services, and upstream project development – enables us to tackle complex development challenges. Within this strategy, sustainable finance encompasses a critical set of financial instruments and tools for IFC to deliver targeted environmental or social impacts, underpinned by robust standards on transparency and reporting. The Financial Institutions Group (“FIG”) of IFC, and the Financial Services Sector 2 Department in the Knowledge Bank provide investment and advisory services to financial institutions (“FIs”) across EMs to help them raise and distribute sustainable financing at scale. To accelerate private capital mobilization towards EMs, IFC has partnered with global asset managers and launched several innovative debt funds. Two of these funds (REGIO Fund and SEED Fund) catalyzed approximately US$900 million in multilateral and private sector capital to support well-diversified sustainable investments in EMs around the world – largely through Green/Sustainability/Social Bonds issued by non-financial, or real sector, companies. In parallel to the investments in these funds, IFC manages Technical Assistance Facilities (TAFs) to undertake specific interventions to support the supply side of Sustainable Bond markets (these may include Green, Social, Sustainability, Sustainability-Linked or Transition Bonds). The simultaneous creation of demand (through the Funds) and stimulation of supply (through the TAFs) will help create and deepen Sustainable Bond markets in EMs. While IFC continues to implement other programs to support commercial banks in EMs to issue Green Bonds, the new TAFs primarily focus on supporting real sector corporates and NBFIs. The key objectives are: • Stimulate supply side of Sustainable Bond markets in target EMs. • Encourage and facilitate 1st time Sustainable Bond issuances, particularly among real sector corporates in EMs. • Generate and disseminate country and industry-specific market intelligence; disseminate Sustainable Bond Principles to improve quality standards and disclosure practices. The interventions of the TAF are structured in the following three components: i) Market Capacity Building Activities; ii) Technical Support to (Potential) Issuers, and iii) Support Services to Investment Managers in impact monitoring. In addition, IFC also partners with donors to implement multiple upstream & advisory programs, including the “30by30zero” program funded by Germany, and the Green Bond Market Development program funded by SECO, SIDA and Luxembourg. The latter will be ending at the end of 2026, and the IFC team is developing the next phase focusing on transition and resilience bonds/loans. The Consultant will be based in Washington D.C., Cairo or Beirut, and may be required to travel occasionally. Responsibilities are expected to be divided between the TAFs. Specific responsibilities and qualification requirements are described below.

Requirements

Master degree with at least 5 years experience in banking and finance and/or capital market
Expertise in labelled bond instruments and corporate finance
Awareness/familiarity with IFC Climate Definitions and Guidance Notes, Green Bond Principles, and donor and bilateral programs in Climate Finance, including the capacity building and technical advisory initiatives.
Good understanding of Africa and Middle East context
Experience and proven ability to work with senior management of government institutions, industry associations, private sector technical players and financial institutions, through technical competence and excellent interpersonal skills.
Experience in project management and good team player
Ability to coordinate with a range of diverse stakeholders and activities to achieve a common objective;
Excellent conceptual thinking and analytical skills;
Excellent business development and communication skills;
Excellent report writing skills in English and French.

Responsibilities

Organize outreach activities to reach relevant stakeholders who can help in promoting labelled bond instruments in emerging markets, including capital market authorities, stock exchanges, and industry associations in target countries
Conduct market research to identify corporates who have interest in labelled bonds and need help with capacity building and preparation process
Prepare business development materials and training curriculum on sustainable finance topics, taxonomies, ICMA principles, and labelled bond products
Organize webinars, workshops, training events with regional and country partners
Participate in training delivery and in customized support to companies in sustainability strategy, ESG best practices, and labelled bond framework development
Engage with selected companies and work with the project lead to help target companies in preparing their labelled bond frameworks
Assist in the SPO process for target companies
Assist the team leader and industry specialists in monitoring client progress and finding solutions to achieve the project objectives
Prepare periodical project reports and bi-annual supervision reports as needed.
Provide inputs to the program/project implementation strategy
Support the implementation of the 30by30zero program in Egypt, especially in sustainability strategy and product development, and impact monitoring with target banks
Attend regular calls with the IFC/WB team to discuss, plan and update project progress
Deliver other deliverables required by IFC, as needed