Job Opportunity in Italy with WFP: Program Innovative Financing Consultant 2020

Deadline : 02 Aug 2020

Nonprofit organization: World Food Program

Study level: Undergraduate

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Job Opportunity in Italy with WFP: Program Innovative Financing Consultant 2020

The World Food Program (WFP) offers a job opportunity as a Program Innovative Financing Consultant to join the team in Rome, Italy for 2020. 

General tasks:  

  1. Work with units to identify key functional and programmatic areas and identify alignment of IF strategies with WFP operational policies/strategies.
  2. Identify opportunities for Blended Financing and identify new opportunities for linkages with WFP programme offerings and debt swaps/debt relief, in view of Covid-19’s anticipated global economic impact, and building on WFP’s experience with debt swaps.
  3. Work with regional and country office colleagues to identify ways in which to support country operations/programmes.

Deliverables:

Produce a strategy for Programme that articulates key opportunities for programme activities in the area of innovative finance, especially with regard to:

  1. Multilateral co-financing: Where a government has defined priorities on food security and social protection and is seeking multilateral support from IFIs/DFIs, the consultant will work with countries to explore ways to support operations to lower the overall programme costs through provision of grants from its multilateral resources, or to complement financing from IFIs/DFIs and thereby lowering the effective cost of new borrowing for these countries, simultaneously increasing investment towards the SDGs.
  2. Debt relief/debt swaps – To sustain continued donor support towards development priorities related to food security as part of Covid-19 response efforts, the consultant will explore ways through which debt relief agreements at multilateral and bilateral levels could free up more resources towards SDG 2.
  3. Blended finance – defined as the use of grant funding (or resources related to WFP’s local and regional food procurement activities) to attract financing from IFIs, development agencies and the private sector towards development areas such as smallholder agriculture and market support (SAMS), resilience and climate related activities. The consultant will propose a strategy/ pilot blended finance activities to further the implementation of the Local and Regional Food Procurement Policy.
  4. Produce an implementation plan for the above areas, ready for piloting in identified/prioritised country offices.
  5. Support country offices that already have opportunities in the above areas to start implementation.
  6. Produce an advisory on changes to systems and architecture that may need to take place to adapt to new forms of financing, including recommendations and implications for legal, M&E and financial processes.

Qualifications and experience required:

  1. Education: Advanced University degree in International Affairs, Economics, Nutrition, Social Sciences or other field relevant to international development assistance, or First University Degree with additional years of related work experience.
  2. Experience: Eight years of progressively responsible professional experience. Has worked with WFP and gained direct experience in innovative financing mechanisms at the country level.
  3. Knowledge and understanding of non-traditional financing mechanisms and WFP’s programme offerings that are suitable for such funding.
  4. Strong writing, analytical and research skills (qualitative and quantitative).
  5. Project management skills and ability to work under pressure, to tight deadlines.
  6. Good interpersonal skills, teamwork spirit and ability to work in multicultural settings.
  7. Knowledge and understanding of United Nations and its role in humanitarian and development cooperation.
  8. Excellent oral and writing skills in English are required.

Benefits:

WFP offers a competitive compensation package which will be determined by the contract type and selected candidate’s qualifications and experience.

About World Food Program:

The World Food Program (WFP) is the food-assistance branch of the United Nations and the world's largest humanitarian organization addressing hunger and promoting food security. According to the WFP, it provides food assistance to an average of 91.4 million people in 83 countries each year. From its headquarters in Rome and from more than 80 country offices around the world, the WFP works to help people who cannot produce or obtain enough food for themselves and their families. It is a member of the United Nations Development Group and part of its executive committee.

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