The World Bank

The World Bank in Tokyo

Infrastructure Specialist

Job #: req18386

Organization: World Bank

Sector: Infrastructure

Grade: GF

Term Duration: 2 years 0 months

Recruitment Type: Local Recruitment

Location: Tokyo,Japan

Required Language(s): English , Japanese

Preferred Language(s): Closing Date: 8/8/2022 (MM/DD/YYYY) at 11:59pm UTC

Description

Do you want to build a career that is truly worthwhile? The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty and promoting shared prosperity. 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 (link) .

The Infrastructure Practice Group

Globally, 840 million people live more than 2 kilometers from all-weather roads, 1 billion people lack electricity, and 4 billion people lack Internet access. Access to basic infrastructure services is critical for creating economic opportunities for the poor. The Infrastructure Practice Group is charged with developing sustainable solutions to help close infrastructure gaps in developing and emerging economies.

The World Bank Group helps developing countries build smart infrastructure that supports inclusive and sustainable growth, expands markets, creates job opportunities, promotes competition, and contributes to a cleaner future. We help countries address their unique infrastructure needs by working with the public and private sectors. Infrastructure improves lives by connecting people to opportunity. For more information: (link)

Infrastructure Finance, PPPs and Guarantees (IPG) Global Practice

As part of the Infrastructure VPU, the Infrastructure Finance, PPPs & Guarantees (IPG) GP works alongside sector teams, regions, IFC and MIGA to support WBG’s effort to scale up private capital mobilization for infrastructure and climate transitions. IPG GP brings together the World Bank’s cross-sector infrastructure finance, PPP structuring, and analytics skills, as well as the Trust Funds and Financial Intermediary Funds that support those areas of development across the WBG. IPG also provides thought leadership and technical expertise globally on private participation in infrastructure to support cross-cutting infrastructure solutions. With these human and financial resources, IPG helps WBG teams and client countries improve the quality and affordability of service delivery through sound infrastructure policies and investment programs; strong enabling environments; and bankable projects. We build our support around knowledge, tools, and experience that support informed choices on the role and value of the private sector in financing and delivering infrastructure, while deploying financial structures and instruments that sustainably manage, mitigate and reduce risk.

IPG GP provides programmatic interventions and cross-support, in collaboration with the other World Bank Global Practices, IFC and MIGA, across the infrastructure investment cycle: (i) upstream through advice on strategic prioritization and planning for infrastructure investment programs, support for policy and regulatory strengthening, and institutional capacity building; (ii) midstream through project identification, preparation and structuring, including analysis of the most appropriate contracting and financing modes; and (iii) downstream by structuring alternative options to public finance and by deploying financial instruments of the World Bank, including World Bank Guarantees to that end, while ensuring financial and technical sustainability of appropriate financial solutions.

IPG consists of two units and two Global programs: i) the Infrastructure Finance and Guarantees (IFG) unit, which offers investment support and designs innovative financial structure, including in support of the World Bank’s guarantees program; ii) the PPP Group, which leads the global PPP agenda and supports the development of cutting-edge analytical as well as innovative and sustainable solutions in cross-cutting infrastructure areas; iii) the Global Infrastructure Facility (GIF), a partnership designed to provide a new way to collaborate on preparing, structuring, and implementing complex projects; and iv) the Public Private Infrastructure Advisory Facility (PPIAF).

Global Infrastructure Facility (GIF)

The Global Infrastructure Facility (GIF) was created in 2014 as a G20 initiative. The GIF’s overarching goal of increasing private sector infrastructure investment in emerging markets and developing economies (EMDEs) is predicated on two objectives: (1) bringing to market bankable, quality infrastructure programs and projects in EMDEs and (2) expanding the market for private infrastructure finance in EMDEs. Through its upstream advisory window, the GIF tackles head-on the dearth of bankable, sustainable infrastructure pipelines in EMDEs through the provision of end-to-end transaction advisory services to governments, including both funding and technical expertise of the GIF team. To complement its upstream advisory window, the GIF is designing a downstream financing window to provide a tailored suite of risk mitigation products to mobilize greater levels of private investment in developing country infrastructure. A financial intermediary fund housed at the World Bank, the GIF is a partnership program that works with multilateral development banks that are the GIF’s Technical Partners.

In addition to providing advisory services and the downstream financing window under development, the GIF’s global collaboration platform integrates efforts to boost private investment in EMDE infrastructure and enables collective action among a wide range of partners – donors, development finance institutions, EMDE governments, and infrastructure-related initiatives and associations as well as private sector investors and lenders (Advisory Partners). As a global collaboration platform, the GIF draws on its partners and hosts knowledge-sharing fora that hone-in on best practices, lessons learnt, and other topics germane to EMDE infrastructure, as well as showcase deep dives into different EMDE markets and infrastructure sub-sectors. The GIF Management Unit is responsible for assessing the technical support needs of projects/programs, recommending on the allocation of the resources of the GIF, and functioning as a coordinating body. The Management Unit is comprised of a small, high-performing team based in Washington, DC, Singapore and Tokyo. Although the GIF does not lead operations, GIF staff have a mix of project finance, infrastructure economics, regulatory and sectoral skills and work with governments and Technical Partners to identify gaps, financial and regulatory needs for investments, assess project risks, and leverage the role of Advisory Partners.

For more information about GIF please visit: (link)

GIF Management Unit Responsibilities

The staff of the GIF Management Unit (MU) undertake the following core responsibilities:

  • Pipeline Development and Project Preparation – The MU works with the GIF’s Technical Partners, and in response to country requests, to identify and develop a pipeline of infrastructure programs and projects, evaluating needs in project preparation, transaction support and financial structuring, and assessing market-readiness, government commitment, and project feasibility. Technical Partner teams, which lead GIF-funded activities, are supported by GIF staff specializing in PPP design, technical and financial feasibility assessment, and regulation of infrastructure.
  • Financial and Risk Instruments – The MU is also 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 may involve developing and operationalizing the GIF downstream credit enhancement window. The work will be 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.
  • Trust Fund Management – The MU is responsible for 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.
  • Partnership Coordination – The MU also coordinates relations with the GIF’s Funding, Technical, and Advisory Partners, as well as other partners and initiatives in the emerging market infrastructure finance ecosystem.
  • Quality Assurance and PPP Knowledge – 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 both the platform and project level are captured, returned to the GIF and broadly disseminated. 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.

Duties and Accountabilities

  • Lead or support efforts related to the expansion of the GIF’s pipelines, including promoting the facility to TTLs of Technical Partners involved in infrastructure, initial project screening, advising and assisting TTLs in application preparation, operation process, and implementation, relationship management with Technical Partners and other key stakeholders
  • 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.
  • Develop a strong network in the infrastructure finance and PPP field among private sector companies, commercial banks, MDBs, relevant Ministries with the objective to establish long-term relationships that benefit to the structuring of bankable projects.
  • 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
  • Define and coordinate knowledge, research and analytical work, dissemination related to GIF’s knowledge program
  • Support the administration of the GIF in financial and operation reporting, donor and partner relations, and meeting preparation.

Selection Criteria

  • Master’s degree or equivalent in economics, finance, engineering, management, policy or a related field;
  • A minimum of five years of relevant 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 and development, project management or operation experience within one of the major MDBs, commercial banks, investment firms or consulting firms is desirable;
  • Track record of achievements in executing commercial or public sector investments, including conducting financial analysis with a focus on private sector transactions in emerging markets 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 and knowledge products in those fields;
  • Ability to develop sound partnership relationships with public sector, private sector, academic, civil society and development institutions in both donor and client countries.
  • 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 both English and Japanese.

Required Competencies

  • 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.
  • Knowledge and Experience in the field of infrastructure finance and/or PPP – – 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.

World Bank Group Core Competencies

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

This internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered.

We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.

Tags: advisory services, collective action, commercial banks, development banks, development finance, development finance institutions, emerging markets, extreme poverty, financial instruments, financial resources, knowledge products, parental leave, project finance, project identification, project management, project preparation, public finance, public sector, sustainable growth, trust funds