Background / General description:
The Global Infrastructure Facility (GIF) is a partnership program initiated by the World Bank Group (WBG) to increase the pipeline of commercially viable infrastructure projects across the developing world through support for the preparation, design, transaction and financial structuring of complex PPPs.
The GIF Management Unit is responsible for operating the facility, assessing the technical support needs of individual projects, deciding on the allocation of the resources of the GIF, and functioning as a coordinating body as projects are identified for inclusion in the pipeline and move toward the technical support and financing phases. The Facility is managed by a small number of dedicated, technical staff to coordinate with partners and facilitate the development of the platform.
As a Financial Intermediary Fund (FIF) the GIF does not lead the implementation of projects but instead utilizes the staff of its Technical Partners (including the World Bank, IFC and other multilateral development banks) to lead project implementation. The assignation of those responsibilities includes the leadership of tasks related to project preparation, transaction support, structuring and arranging of financing and enhancements.
The GIF also coordinates a group of Advisory Partners, which includes private sector investors and financiers with whom the GIF collaborates to ensure that well-structured and bankable infrastructure projects are brought to market and ultimately financed.
The GIF is housed within the WBG’s Public-Private Partnerships Cross-Cutting Solutions Area (PPP-CCSA) in the Sustainable Development Global Practice Vice Presidency and has a dotted reporting line to the Managing Director/CFO of the World Bank Group. The PPP-CCSA is one of four Cross-Cutting Solutions Areas in the Bank that foster solutions for multi-sectoral, highly-strategic priority development areas. The CCSAs complement the work of the Global Practices (GPs) in delivering lending and advice to WBG clients. Through the CCSAs, the WBG works towards IDA commitments and other corporate targets while providing expert support on high-value, complex projects.
GIF Management Unit Responsibilities
The staff of the GIF Management Unit (MU) undertake the following core responsibilities:
• Project Preparation and Pipeline Development— The MU works with GIF Governing Council members, and in response to country requests, to identify a pipeline of qualifying infrastructure programs and projects, evaluating needs in project preparation, transaction support and financial structuring and assessing market-readiness, government commitments and project feasibility. Technical Partner teams which lead GIF-funded activities are supported by GIF staff specializing in PPP design, technical and financial feasibility, and regulation of infrastructure.
• Partnership Coordination and Trust Fund Management — The MU is responsible for coordinating relations with the Funding, Technical and Advisory Partners; managing the resources of the GIF; planning, implementing and reporting on uses of funds; developing and adjusting the business plans and operating procedures according to the evolving needs of the Governing Council; and responding to the audit and information requests of the Governing Council.
• Financial and Risk Instruments—The MU is responsible for support in the development of appropriate project structures with a view to attracting private sector investment, and optimizing the mix of financial instruments to ensure public sector objectives are met without undue burden to the governmental balance sheet. This work is led by specialists with experience in financial structuring of complex PPPs, and in the credit enhancement and combination of financial instruments required to bring such PPPs to financial close.
• PPP Knowledge and Quality Assurance—The MU is also responsible for assuring that best practices and latest approaches on PPP design are applied to each GIF project, and that the lessons learned from GIF approaches at the platform level as well as the project level are captured, returned to the GIF and made widely available. The senior knowledge and quality assurance staff work closely with the pipeline and finance teams and as a key interlocutor with counterparts from IFC, World Bank Global Practices, and public and private sector partners as projects are assessed for their needs and activities of support are defined. Monitoring and Evaluation (M&E) will be included in this function to complete the quality assurance cycle. On the knowledge side, the MU also organizes regular convocations of Advisory Partners around core themes related to the financing of infrastructure, leads efforts related to the development of PPP pipelines and undertakes highly targeted analytical work related to the development of infrastructure as an asset class.
Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 4 year term appointment.
Duties and Accountabilities:
Duties and Accountabilities
• Lead or support efforts related to the expansion of the GIF’s pipelines, including initial project screening, application preparation, and relationship management with Technical Partners and other key stakeholders.
• Manage or support the operations process of project preparation and implementation activities with Technical Partners including procuring and managing consultants as needed.
• Serve as an interlocutor with counterparts from IFC, the World Bank Global Practices, other GIF Technical Partners, and public and private sector partners as projects are assessed for their needs and activities of support are defined.
• Work across the GIF responsibilities described above, and in particular assuring that best practices and latest approaches on PPP design are applied to each GIF project, and that lessons learned from GIF approaches at the platform and project levels are captured, returned to the GIF and made widely available.
• Contribute to the Monitoring and Evaluation of the GIF program.
• Help plan, structure and execute the regular convocations of the GIF’s private sector Advisory Partners around core themes related to the financing of infrastructure.
• Undertake knowledge and analytical work related to GIF’s knowledge program.
• Support the administration of the GIF in financial and operation reporting, donor and partner relations, and meeting preparation.
• Master’s degree or equivalent in economics, finance, engineering, management, policy or a related field;
• A minimum of five years of operations experience in the field of infrastructure project preparation and development consulting, finance, regulation or PPPs with demonstrated ability to engage on a range of issues in developing countries including advice on both program and project preparation and development;
• Infrastructure project preparation or operational experience within one of the major MDBs or consulting firms is desirable.
• Track record of achievements working with or in collaboration with MDBs and other development partners in the field of infrastructure project development or finance, infrastructure regulation and/or PPPs;
• Recognized by peers and/or managers for providing high quality, pragmatic advice to clients on infrastructure PPPs and/or making significant contributions to analytical work, operations management and/or knowledge products in those fields;
• Track record of contributing to well-recognized knowledge products on PPPs;
• Client focus and commitment to results; and
• High level written and oral presentation skills in English. (French proficiency desirable)
• Knowledge and Experience in the Development Arena – Translates technical and cross-country knowledge into practical applications and contributions to strategies to develop and implement PPP programs and projects; interacts with clients at the policy level.
• Policy Dialogue Skills – Anticipates needs and requests in the field and conducts independent policy discussions with representatives of the government and non-government partners.
• Integrative Skills – Understands relevant cross-sectoral areas and how they are interrelated; able to undertake cross-sectoral work in lending and non-lending operations.
• Solid understanding of infrastructure finance and the commercial principles that underpin PPPs
• PPP Policy, Institutions and Implementation – Solid and broad understanding of the development and implementation of policy/legal/institutional frameworks and the practical application of this to develop programs and projects.
• Lead and Innovate – Develops innovative solutions with others.
• Deliver Results for Clients – Achieves results and identifies mission-driven solutions for the client.
• Collaborate Within Teams and Across Boundaries – Initiates collaboration across boundaries and broadly across WBG, and brings differing ideas into the forefront.
• Create, Apply and Share Knowledge – Creates, applies and shares knowledge from across and outside WBG to strengthen internal and/or external client solutions.
• Make Smart Decisions – Recommends and takes decisive action.