Practice Manager - eFinancialCareers : Job Details

Practice Manager Job #: req30452 Organization: World Bank Sector: Infrastructure Grade: GH Term Duration: 4 years 0 months Recruitment Type: International Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): Closing Date: 11/29/2024 (MM/DD/YYYY) at 11:59pm UTC Description Do you want to build a career that is truly worthwhile? Working at the World Bank Group (WBG) provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for emerging markets and developing economies (EMDEs); a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, we work 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. For more information, visit www.worldbank.org . Infrastructure Vice Presidency Globally, one billion people live more than 2 kilometers from all-weather roads, 685 million people lack electricity, and nearly 4 billion people lack internet access. Access to basic infrastructure services is critical for creating economic opportunities for the poor. The Infrastructure (INF) Vice Presidency within the World Bank is charged with developing sustainable solutions to help close infrastructure gaps in developing and emerging economies. It currently consists of four global departments: Energy & Extractives (EEX); Transport (TRA); Urban, Resilience and Land (URL), and the Global Infrastructure Finance Department (IFD). It oversees the Bank's work across energy and transport sectors, urban development, as well as efforts to promote energy transition, low-carbon transportation, livable cities, disaster risk resilience, land management, and quality infrastructure services through public-private partnerships. Infrastructure represents around $110 billion of the Bank's portfolio. For more information: https://en/topic/infrastructure Infrastructure Finance Global Department The Infrastructure Finance Department (IFD) supports the WB's efforts to increase private sector engagement in sustainable, inclusive, and quality infrastructure across EMDEs. Private participation in infrastructure (PPI) encompasses a range of operational and financial models, from established PPP structures, such as shared public and private ownership financed through availability and concession payments, to full private ownership of infrastructure projects supported by public sector financing to enable commercial viability as well as affordability of service provision. IFD engages with governments and private clients across this spectrum, designing tools that optimize public resources and WB financing to enable greater private investment. IFD works across the infrastructure finance life cycle from (i) upstream advice on strategic prioritization and planning for infrastructure investment programs, support for policy and regulatory strengthening, and institutional capacity building; (ii) midstream funding for project preparation, including analysis of the most appropriate financing models; and (iii) downstream advice on structuring alternative options to public finance that incentivize sustainable private sector participation. In doing so, IFD helps Bank teams and client countries to design programs that encourage private investment and ultimately expand private capital mobilization (PCM) and private capital enabling (PCE) results. PPP Unit Overview Within the IFD department, the PPP unit is a center of global expertise, providing advice on policy reform and financial innovation to support private solutions in public infrastructure projects. Staff in the PPP Group work closely with other WB Departments, as well as IFC and MIGA, the private sector arms of the WBG, in the following areas: • Financial innovation and leadership on the private capital mobilization agenda. PPP Group experts lead efforts to develop models of deploying public sector financing to maximize sustainable private sector participation in infrastructure projects. This includes the innovative use of WB financial instruments to reduce risks and improve the bankability of projects, thereby driving greater private capital mobilization. • Capacity Building and Regulatory Reform. The PPP Group supports the design of government policies to attract private sector participation, including guidance on upstream reforms, PPP ecosystem development as well as pipeline development for private participation models. The Group also supports the development PPP institutions, builds country capacity, and develops tools to promote transparency. • Risk Management. The PPP Group provides policy advice on manage risks arising from private participation models including on issues related to fiscal commitment and contingent liabilities, transparency and disclosure. The PPP Group engages in countries to assess the fiscal costs and risks arising from PPPs, including contingent liabilities (through the PPP Fiscal Risk Assessment Model (PFRAM)). • Infrastructure Analytics. The PPP Unit assesses infrastructure priorities and identifies binding constraints on delivery, through analytical tools including the Infrastructure Sector Assessment Program (InfraSAP). The InfraSAP provides an agile yet sound basis for deploying World Bank financing to leverage private finance. Downstream of this diagnostic, PPP Group experts combine grant resources and financing to support policy reforms and sector restructuring as well as project and financial structuring. The PPP Group also houses the Analytics team which produce several PPP flagship knowledge initiatives, including the PPI Database, the PPP Procurement Benchmarking, the PPP Fiscal Risk Assessment Model (PFRAM) for valuing and managing contingent liabilities and fiscal exposure from PPPs, alongside a range of other tools, operational standards. Duties and accountabilities:IFD is recruiting a Practice Manager for the PPP Group who will manage a team of technical experts to structure and disseminate global expertise on enhancing private participation in infrastructure projects. The practice manager will be part of the IFD management team. Specific duties and responsibilities include, but are not limited to: • Provide strategic direction to help the PPP G