sharing in governance of extractive industries
Deadline to Apply: August 21, 2017
Seniority Level: Mid-Senior level
Industry: Financial Services
Employment: Type Full-time
Job Functions: Other
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY16, our long-term investments in developing countries rose to nearly $19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org.
IFC’s Infrastructure & Natural Resources (INR) Department
Industries that can harness natural resources are vital for many of the world's poorest countries. They are a key source of jobs, energy, government revenues, and a wide array of other benefits for local economies. In Africa, in particular, large-scale sustainable investments in these industries can create equally large-scale gains in economic development.
IFC’s goal in the natural resources sector is to help developing countries realize these benefits, while helping promote sustainable energy sources. We provide financing and advice for private sector clients, and help governments adopt effective regulations and strengthen their capacity to manage these industries across the value chain. We also provide advisory services to companies to ensure that local communities enjoy concrete benefits from projects, focusing on transparency, supply chains, jobs, environmental stewardship, and community engagement.
Our group also helps support clean and efficient energy, including renewable power, in emerging markets where these sectors need international investment to be viable. We provide equity and debt financing for projects, including early-stage initiatives, and mobilize additional funding from commercial banks and other partners through our syndication programs. Working with the World Bank, we help governments design and implement public-private partnerships in areas such as power, transportation, and municipal infrastructure, supporting improved service delivery, sustainability, and capacity building.
From Disclosure to Development (D2D) Program
The extractive industries (EI) can be a pathway to development. Public revenues generated from oil, gas, metals and mineral sectors can account for a substantial portion of government resources. Mining, oil and gas firms are also major actors in the global economic landscape by creating jobs, improving economic productivity, and giving back to the communities in which they operate. Unfortunately, the abundance of natural resources has not always translated into widespread wealth and growth.
In this context, promotion of good governance has risen in importance for government, private sector, and civil society alike. For over a decade, greater disclosure of EI information has been at the heart of efforts to better leverage transparency to instill accountability and curb corruption in the sector. However, the focus to date has been on the push for transparency and not yet sufficiently on ensuring effective use of disclosed information.
The overarching goal of the D2D program is to enhance the effectiveness of disclosures in support of achieving clear development outcomes from extractives investments. To this end, D2D seeks to achieve the following objectives:
The Operations Officer position will be based in Washington, D.C. and will have a formal reporting line to the IFC Task Team Leader and will be supervised by the Program Coordinator. S/he will work closely with both IFC and IBRD/IDA staff working in Washington, D.C. and in country offices across the globe.
Duties and Responsibilities
The Operations Officer will be accountable for the successful delivery of Phase I of the D2D program, under the guidance of the Program Coordinator. Specific responsibilities include:
For Corporate Information and to apply to the position, please visit www.ifc.org/careers, vacancy number 171459. Deadline is August 21, 2017
IFC values diversity and encourages all qualified candidates who are nationals of IFC member countries to apply, regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. Sub-Saharan African nationals, Caribbean nationals, and female candidates are strongly encouraged to apply.
Last updated by Norma Garza Aug 1, 2017.