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.
Private sector development is essential to the promotion of successful and sustainable economies in low and middle-income countries around the world. Sound and efficient markets can ensure that resources are allocated where they are most productive, assisting job creation and spurring economic growth.
IFC’s Creating Markets Advisory (CMA) Unit delivers on IFC’s capital increase commitments by providing a foundation for Regional, Industry and Upstream teams to increase private sector investment opportunities. CMA addresses “if-then” reform asks in IFC strategies, complementing World Bank efforts, while strengthening IFC's relationships with client countries in support of IFC 3.0. Specifically, the CMA team works proactively with governments and regulatory agencies to create effective and efficient market conditions, both at economy wide as well as industry/sector level, for increased private investments. Our global experience shows that challenges in the business environment and lack of the right enabling regulatory framework results in countries losing significant amounts of investment annually. The unit collaborates extensively with the public sector, private sector and other teams across the World Bank Group in the design and delivery of advisory services.
CMA currently operates across the South Asia region, with an active portfolio and pipeline in India, Bangladesh, Nepal and Sri Lanka.
In this role, selected candidate will play a key role in supporting the implementation of CMA’s projects and business development efforts primarily in India with active business development support in other countries in the region on a needs basis.
He/she will work closely with existing IFC CMA team in India, IFC Upstream, Advisory and Investments staff to support design and implementation of reforms that address bottlenecks faced by investors in IFC’s priority sectors, using a variety of WBG tools and offerings and build new business in line with the WBG/IFC country strategy, and support delivery of high quality Advisory engagements to the Government and the private sector primarily in India. He/she will work closely with key stakeholders, especially the Country Manager, in supporting delivery of WBG/IFC country strategy and high-quality Advisory engagements.
The selected candidate will report directly to CMA SA Manager.
Roles and Responsibilities
In this role, selected candidate will play a key role in leading CMA’s various offerings and tools, primarily in India. He/she will work closely with IFC Upstream, Advisory and Investments staff in the region, as well as World Bank staff, to design and ensure implementation of reforms that address bottlenecks faced by investors in IFC’s priority sectors, using a variety of WBG tools and offerings and build new business in line with IFC country strategy, and deliver high quality Advisory engagements to the Government and the private sector in India. He/she will work closely with key stakeholders, especially the IFC Country Manager, in shaping and executing the WBG/IFC country strategy and delivering high quality Advisory engagements.
The selected candidate will report directly to the Manager, Advisory Services SAR.
Collaborate with regional CMA, Advisory/Upstream/Industry specialists and IFC’s Climate Business Department in identification and design of investment climate reforms to unlock investment potential and create markets in India and other countries in South Asia as needed.
Interact and proactively engage the private sector in client countries to identify opportunities for investment and identifying key barriers to be addressed or enabled by the government.
Support Government clients to understand latest developments in climate change/ decarbonization technologies and proactively support identification and design of reforms to address regulatory barriers that constrain greater adoption of these technologies.
Prepare and disseminate knowledge materials on best practices by the Private Sector/ Governments on increasing private investment in climate adaptation and mitigation and greening of financial, real and infrastructure sector practices.
Provide technical support in designing pitch materials for business development.
Review and contribute to development and approval of relevant project documents and client deliverables to ensure standards and objectives are met.
Provide cross support to select programs in other countries in the SAR Region as needed.
Support CMA efforts to incorporate relevant regulatory interventions into WBG analyses, strategies, reform asks and Development Policy Lending operations.
Gather information from external sources on best practices, evolving trends and challenges, and emerging players that can be used to create new knowledge products to address country specific challenges on climate change/decarbonization, inclusion/gender and access to finance.
Provide cross support to select programs in other countries in the SAR Region on a needs basis.
Selection Criteria
Master’s degree in Business, Economics, Law and Finance or a closely related field.
Between 8-10 years of experience in private sector development with a focus on delivering investment climate reforms.
Proven track record in delivering advisory engagements in the area of investment climate reform, financial sector reform, climate policy/regulatory reform, disruptive technology and experience in designing and implementing sector specific regulatory reform projects will be considered as an advantage.
Understanding of IFC and WBG products/instruments and where there are opportunities for cross-organizational collaboration.
Understand the implications of different policy and regulatory frameworks governing the thematic areas.
Sound understanding of climate business opportunities, gained through working in the private sector in areas relevant to climate business (e.g., renewable energy, battery storage, hydrogen, EVs, greening of transport and logistics, water and waste management, circular economy and decarbonization strategies, and climate tech)- will be considered an advantage.
Knowledge of climate financing products (e.g. Green and Blue Loans / Bonds, Sustainability Linked Financing, Transition finance) is advantageous.
Able to design, negotiate and lead efforts to develop client offerings that reflect in-depth knowledge of thematic area and understanding of business case for how thematic focus will help client to improve their business.
Excellent knowledge of Word, Excel, PowerPoint and aptitude to learn new systems is a must. Ability to use project management systems is a plus.
Excellent written, verbal communication and presentation skills
Proficiency in written and oral English. Hindi and Bangla language proficiencies will be advantages.
