Global Environment Facility (Trust Fund Appointee)

Inter-American Development Bank (IADB)

Washington, DC, US


Established in 1959, the Inter-American Development Bank (“IDB” or “Bank”) is the leading source of multilateral financing for regional development in Latin America and the Caribbean (LAC).  It provides loans, grants, guarantees, policy advice and technical assistance to the public and private sectors of its borrowing member countries.

The Multilateral Investment Fund (MIF) is an innovation lab for the Inter-American Development Bank Group. It conducts high-risk experiments to test new models for engaging and inspiring the private sector to solve economic development problems in Latin America and the Caribbean. The MIF addresses poverty and vulnerability by focusing on emerging businesses and smallholder farmers with the capacity to grow and create economic opportunities. Since its establishment in 1993, the MIF has funded over 1,700 projects, representing over $1.8 billion in financing and mobilized an additional $1.9 million from partners in counterpart financing. MIF is the largest technical cooperation provider to the private sector in the region, averaging $100 million in project approvals per year.

The MIF is working in three areas of focus: climate smart agriculture, which seeks to boost productivity in agriculture, forestry, fisheries, while also building climate resilience and promoting mitigation of climate change; inclusive cities, which seeks to foster greater quality of life in urban areas of LAC by investing in scalable private sector innovations; and knowledge economy, which is promoting job creation by powering inclusive tech-driven enterprise growth. In each of these areas, climate change, adaptation, and mitigation concerns are a fundamental element in identifying and designing innovation required to address main economic and social problems. Reduction of the carbon footprint in LAC is an explicit target in two of these focuses areas.   (see

Consultancy objective

The MIF is looking for a senior contractual in climate finance to support the development and supervision of the Global Environment Facility (GEF) portfolio within the MIF, including both operational and knowledge activities.  This will include developing operations in GEF priority areas being developed by the MIF, including climate change, forestry, land degradation, biodiversity, and inclusive cities. (see

Main activities

The contractual will work exclusively on GEF-related activities across the different MIF units, in collaboration with the corresponding MIF teams and project team leaders. The types of activities required to develop the GEF portfolio include: project identification, implementation, monitoring and knowledge generation in connection with MIF-related operations.

The contractual is expected to work in the following activities and other activities that may be assigned during the course of the contract:

Project Identification and Development

  • Identify potential financial (loans and equity investments, both direct and in venture capital funds) and non-reimbursable projects that meet MIF and GEF objectives and selection criteria;
  • Review project proposals across MIF units, and provide technical and financial analysis, as well as guidance on requirements and objectives of GEF financing;
  • Review pipeline deals, and provide Unit Chiefs and project teams with early assessment and recommendations regarding potential for GEF financing;
  • Conduct project design/financial and technical due diligence missions during design/approval process;
  • Support MIF project teams in the preparation of investment and technical cooperation projects;
  • Prepare documentation for MIF and GEF projects, including: Project Pitch, Project Design Review, Donor Memoranda, or others that may be required;
  • Manage discussions, comments, and interactions in key review instances: Project Pitch, Project Design Review, IIC Transactions Committee (or QRR), Donors Committee;
  • Coordinate and liaison with the Bank’s GEF team on project pipeline, design, and approval.

Support Project Implementation and Monitoring

  • Participate actively in the supervision of projects, including conducting missions, identifying implementation and financing issues, and proposing solutions;
  • Supervise and coordinate (as required), the implementation of selected non-financial activities associated with approved projects (e.g. those related to a grant component), including managing the interaction with clients, investors and other key stakeholders;
  • Coordinate activities associated with the MIF and GEF’s role as investor, including participation in all relevant meetings and calls related to investment fund’s operations, and participation (as required) in Fund’s advisory bodies, such as Investment Committees, Limited Partners meetings, quarterly calls, etc.;
  • Review, edit, validate, and sign off (as appropriate) on fund management and supervision instruments (e.g. PSU, Project Implementation Reports (PIR) for GEF).  When needed, assist in or prepare supervision instruments/reports for MIF or GIF investments;
  • Handle relationship with the GEF team at the Bank on behalf of the MIF;
  • Review deliverables of contractuals working in MIF projects under GEF’s budget;
  • Review, process approval and coordinate disbursements on consultancies financed by GEF budget;
  • Review, process approval and coordinate equity funds’ capital call disbursements on behalf of GEF;
  • Support the activities associated with GEF and IDB audits, including the coordination of client-provided inputs, or other materials as may be required by auditors;
  • Forecast financial needs for all MIF approved investments with GEF funding;
  • Coordinate and liaise with other Bank units regarding ESG, finance, legal, and risk aspects, required for structuring and closing of deals;
  • Coordinate and liaise with the Bank’s GEF team on project supervision, evaluation, and dissemination of results.
Support Knowledge Activities
  • Participate in the selection, design, implementation and supervision of key knowledge products that are strategic for the MIF and GEF in the area of climate change;
  • Participate in the drafting of strategic communication material, as needed.
  • Academic Degree/ Level & Years of Professional Work Experience: Minimum of Master’s Degree in Economics, Finance or related fields, with at least six years of relevant/professional work experience in development finance, project management, and research, and at least four years of relevant experience in loan origination, structuring or portfolio management with a proven track-record working with both equity and debt.  Relevant experience in supervising equity investments (direct or though funds) is required, in particularly understanding of financial projections, audited statements, and participation in shareholders, board of directors or investment committee meetings. Experience in investment projects aiming at carbon reduction will be highly valued. Understanding of client needs and challenges, of different country/regional areas, market idiosyncrasies, and drivers of change in Latin America and the Caribbean. Proven solid experience in a similar role in an investment firm or development financial institution would be desirable. Experience in the preparation of development projects in Latin America and the Caribbean is highly desirable.

Characteristics of the Consultancy

Consultancy Category & Modality: Trust Fund Appointee

Contract Duration: 12 months, with possibility of annual renewal.

Place(s) of work: IDB Headquarters in Washington, D.C, USA

Payment and Conditions: Compensation will be determined in accordance with Bank’s policies and procedures. The Bank, pursuant to applicable policies, may contribute toward travel and moving expenses. In addition, candidates must be citizens of an IDB member country.

Visa and Work Permit: The Bank, pursuant to applicable policies, may submit a visa request to the applicable immigration authorities; however, the granting of the visa is at the discretion of the immigration authorities. Notwithstanding, it is the responsibility of the candidate to obtain the necessary visa or work permits required by the authorities of the country(ies) in which the services will be rendered to the Bank. If a candidate cannot obtain a visa or work permit to render services to the Bank the contractual offer will be rescinded

Consanguinity: Pursuant to applicable Bank policy, candidates with relatives (including the fourth degree of consanguinity and the second degree of affinity, including spouse) working for the Bank as staff members or Complementary Workforce contractual, will not be eligible to provide services for the Bank.

Diversity: The Bank is committed to diversity and inclusion and to providing equal opportunities to all candidates. We embrace diversity on the basis of gender, age, education, national origin, ethnic origin, race, disability, sexual orientation, religion, and HIV/AIDs status. We encourage women, Afro-descendants and persons of indigenous origins to apply.