Intern - North American Representative Office - 2216
Job Vacancy | Friday, July 16, 2021
1. INTERNSHIP TOPIC:
"Exploring most effective tools for mobilizing private finance for development, including a comparison of other international financial institutions (IFI) practices, including the World Bank Group, Inter-American Development Bank (IDB), IDB Invest and Development Finance Corporation to determine optimal means of engaging with potential partners."
2. SUMMARY OF JOB DESCRIPTION:
NARO seeks a graduate student to examine issues relating to the mobilization of private finance for development and how international financial institutions approach this issue. ADB is aiming to build strong partnerships for resource mobilization, including expanding partnerships through PPPs, institutional investors, commercial sources, and other new and emerging partnerships. ADB will also aim to use innovative instruments and trust funds, and concessional sources to mobilize resources.
Through reviewing projects implemented through other MDB’s platforms for mobilizing private financing, the graduate student will examine: (i) contributions, and sector and geographical priorities of major institutional investors involved; (ii) ESG standards followed and their potential for meeting Corporate Social Responsibility requirements of institutional investors and other private financiers; (iii) key financial instruments for de-risking projects and which financial instruments are more appropriate for various types of projects; and (iv) what are the main information gaps or obstacles that hinder private resource mobilization, especially in partnership with ADB.
Based on desk research of the above questions, the graduate student will provide recommendations for NARO to plan partnership building and other activities that will strengthen ADB’s private resource mobilization in North America. In addition, the graduate student will assist in organizing NARO partnership building and outreach activities when needed.
Given the limited staff resources in the office, the student will also be responsible for assisting with special projects or programs, as appropriate.
3. PERIOD OF ASSIGNMENT:
• Duration: 8 weeks (with a possibility of extension)
• Timing: January 2022
4. LOCATION: ADB North American Representative Office, Washington, DC (or virtually, based on COVID-19 policies/restrictions)
5. EXPECTED OUTCOMES:
• Prepares research on IFI practices in private resource mobilization.
• Provides recommendations for NARO’s partnership building and outreach activities aiming at private resource mobilization in North America.
• Assists with organizing partnership building and outreach activities.
• Works closely with NARO staff in executing special projects or programs.
6. EDUCATION REQUIREMENTS:
Currently enrolled in a Masters or PhD program in a field of study directly related to ADB's work, such as finance, business, economics, and development studies.
7. RELEVANT EXPERIENCE AND OTHER REQUIREMENTS:
Familiarity with a variety of financing structures and de-risking tools a plus.
Upload the following documents in the “Attachments” section of your application:
1. Curriculum vitae (CV)
2. Proof of enrollment to a Masters or PhD program. Inclusive dates should confirm that you will be enrolled during the intended period of assignment.
3. Essay in MS WORD or PDF document, maximum of 1500 words per question. (Please see essay questions below)
(1) Describe one example of your experience that demonstrated your interest in working in ADB.
(2) Highlight your qualifications that will help accomplish this internship assignment (e.g., coursework, research, work experience, etc.).