WARNING AGAINST FRAUDULENT USE OF THE AFRICAN DEVELOPMENT BANK’S (AfDB) NAME Read more
Established in 1964, the African Development Bank is the premier pan-African development institution, promoting economic growth and social progress across the continent. There are 80 member states, including 54 in Africa (Regional Member Countries). The Bank’s development agenda is delivering the financial and technical support for transformative projects that will significantly reduce poverty through inclusive and sustainable economic growth. In order to sharply focus the objectives of the Ten Year Strategy (2013 – 2022) and ensure greater developmental impact, five major areas (High 5s), all of which will accelerate our delivery for Africa, have been identified, namely: energy, agro-business, industrialization, integration and improving the quality of life for the people of Africa.
The Vice Presidency for ‘Power, Energy, Climate and Green Growth’ is a Sector Complex focusing on the Bank’s Ten Years Strategy, High 5s priority of “Light up and Power Africa”. The complex’s objectives are (i) to develop policy and strategy; (ii) to provide deep sector technical expertise to the Regions by gathering pool of experienced individuals who can be consulted for their expertise on complicated transactions; (iii) to develop new financing instruments; (iv) to act as spokesperson to represent the Bank with external stakeholders on all aspects of “Light Up and Power Africa”. The Complex will focus on areas of Power systems, policy and regulation, renewable energy; and, Climate and Green Growth.
THE HIRING DEPARTMENT:
The Climate Change and Green Growth Department has broad objectives of:
The Department consists of two divisions, Climate and Green Growth Division, and Climate and Environment Finance Division.
THE HIRING DIVISION:
The Climate and Environment Finance Division is responsible for ensuring the Bank’s and RMCs’ enhanced access to climate and environmental finance. Specifically, the Division manages the growing pool of climate resources available within and outside the Bank, and develops innovative ways and tools to increase Bank’s access to climate and environmental finance. Alongside the existing funds (GEF, GEF, CIF, AF and ACCF), current initiatives include the development of green banks, national climate change funds, thematic funds, bilateral funds and green bonds. Tools deployed by the division include blended finance, guarantees, debt and equity instruments and the newly developed Adaptation Benefits Mechanism. The Division works with other MDBs to elaborate the concept of Paris Alignment and support the harmonized reporting of climate finance, participating in international dialogues and providing thought leadership around the challenges and future of climate finance and associated mechanisms under international conventions such as the UNFCCC, the UNCCD, UNCOB, Montreal and Stockholm Protocols etc. The Division also provides support for climate related disaster relief on the Continent. The Division’s ultimate objective is to significantly increase the amount of climate and environmental finance that flows to African countries.
The purpose of this position is to increase access to climate and environmental finance to enable the Bank to bring significantly more climate and environment finance to the Continent. The Bank has set a target of mobilizing USD 25 Bn of climate finance between 2020 and 2025 and this position will play a key role in expanding the continent’s access to new and additional funding by, inter alia, developing and managing new sources of funding including bilateral trust funds, thematic funds, and climate finance mobilized under Article 6 of the Paris Agreement. The incumbent will be a senior member of the climate finance team, supporting the various climate funds for which the Bank is an implementing entity and advancing the Bank’s climate finance through the development of new funding instruments. The position is technology neutral and serves all of the Operational Vice Presidencies in order to ensure that climate and environmental finance is made available and successfully accessed by all of the Operational Vice-Presidencies. The incumbent will also contribute to achieve the objectives of the Bank’s Climate Change Action Plan (CCAP) and the drafting of post 2020 climate action plans.
Under the overall supervision and general guidance of the Division Manager – Climate and Environment Finance, the Climate Finance Officer will perform the following:
Including desirable skills, knowledge and experience
THIS POSITION IS CLASSIFIED INTERNATIONAL STATUS AND ATTRACTS INTERNATIONAL TERMS AND CONDITIONS OF EMPLOYMENT.
Should you encounter technical difficulties in submitting your application, please send an email with a precise description of the issue and/or a screenshot showing the problem to: HR Direct HRDirect@AFDB.ORG
To apply for this position, you need to be national of one of AfDB member countries.
Applicants who fully meet the Bank's requirements and are considered for interview will be contacted. Only online applications submitted with a comprehensive Curriculum Vitae (CV) and copies of the required degrees will be considered. The President, AfDB, reserves the right to appoint a candidate at a lower level. The African Development Bank is an equal opportunities employer. Female candidates are strongly encouraged to apply. www.afdb.org
The African Development Bank Group (AfDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the Bank does not request information on applicants’ bank accounts. The African Development Bank Group declines all responsibility for the fraudulent publications of job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.