The World Bank consists of two entities – the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). It is a global development cooperative owned by 189 member countries. As the largest development bank in the world, the World Bank provides loans, guarantees, risk management products, and advisory services to middle-income and creditworthy low-income countries, and coordinates responses to regional and global challenges. At COP27 and CMA4, the Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) and the Conference of the Parties serving as the Meeting of the Parties to the Paris Agreement (CMA) established funding arrangements to assist developing countries particularly vulnerable to climate change. This decision established the Fund for responding to Loss and Damage (FRLD) to assist developing countries vulnerable to the economic and non-economic impacts of climate change, including extreme weather and slow onset events. At COP28 and CMA5, the COP/CMA formally approved the Fund’s Governing Instrument, designating it as part of the UNFCCC’s financial mechanism and placing it under the guidance of both COP and CMA. The decision authorized the Fund’s Board to sign a Hosting arrangement with the World Bank as the host for the FRLD Secretariat as well as a Trustee agreement with the World Bank as the interim trustee for four years. The FRLD Secretariat, led by the Executive Director (ED), is an independent Secretariat, accountable to the Board, and is responsible for executing the day to day operations of the Fund in accordance with the decisions of the Board. The Secretariat is composed of 5 divisions led by Program Managers that report to the Office of the Executive Director: Board Affairs and Governance; Programming and Country Engagement; Knowledge, Monitoring and Evaluation and Learning; Resource Mobilization, Communications and Partnerships; and Budget and Finance Management. The Programming and Country Engagement (PACE) division under the FRLD Secretariat is the programming and technical core of the Secretariat, responsible for leading the development and operationalization of funding modalities and instruments and managing the pipeline and portfolio of the FRLD in close engagement with countries and access entities. Key functions include (1) developing programming modalities and instruments for the start-up phase (Barbados Implementation Modalities, BIM) and long-term operations of the Fund; (2) conducting the review of funding requests submitted to the Fund; (3) managing the pipeline and approved portfolio throughout the stages of the funding cycle, in close coordination and engagement with countries and access entities; (4) supporting the development of the simplified mechanism for determining access of countries and entities; (5) representing the Fund, on matters related to programming and country engagement, in global and regional dialogues and conferences; and (6) collaborating with the entities in the funding arrangements to ensure complementarity and coherence. The PACE team is led by the Program Manager that oversees a team of programming and subject-matter specialists in fields related to loss and damage and climate and development finance. There are total 3 open positions.
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Job Type
Full-time
Career Level
Mid Level