INTRODUCTION TO GGGI

The Global Green Growth Institute (GGGI) is a treaty-based international, inter-governmental organization dedicated to supporting and promoting strong, inclusive and sustainable economic growth in developing countries and emerging economies. To learn more please visit about GGGI web page.

CONTEXT

Peru’s progress in advancing the implementation of its climate policy has been slow, with the country’s greenhouse gas (GHG) emissions, excluding land use, land-use change and forestry (LULUCF), increasing by 90% from about 54 MtCO2eq in 1990 to 109 MtCO2eq in 2021. Simultaneously, Peru’s economy and its population are highly vulnerable to climate change, especially water and food insecurity.

Peru faces significant barriers in addressing climate change, including limited institutional capacity to integrate environmental, social, and climate considerations into financial planning and public debt tools; local financial sector unable to effectively screen and mitigate climate risks; a lack of mechanisms to integrate climate change considerations into PPPs; and constrained institutional ability to tap into international climate funds like the GCF. These challenges affect governmental entities such as MEF, MINAM, SBS, and SMV, as well as local financial institutions and infrastructure planning bodies. As a result, the country’s climate action, sustainable development, and infrastructure resilience efforts are hindered, making it more vulnerable to the impacts of climate change.

GGGI program aims to support the Government of Peru’s climate finance efforts by delivering a set of complementary workstreams:

• Workstream 1: Building the institutional capacity of Ministry of Economy and Finance, Ministry of Environment, and the Superintendence of Banking, Insurance and Private Pension Funds Administrators (SBS) to integrate environmental, social and climate change considerations into public debt instruments, financial planning and regulation.
• Workstream 2: Greening Peru’s private banking sector.
• Workstream 3: Developing a strategic framework for low-carbon, climate-resilient public-private partnerships (PPPs).
• Workstream 4: Accelerating access to the Green Climate Fund.

PURPOSE

• Advance and coordinate the delivery of climate and sustainable finance activities, including:Strengthening of Peru´s institutional capacity to access international climate finance;
• Technical assistant to public and private actors on the design of thematic bonds and debt for nature swaps;
• Technical assistance to local financial institutions to integrate environmental and social standards into their processes, procedures, and instruments to increase the availability of green finance for private sector-led low-carbon projects;
• Integrating environmental, social and climate change considerations into public-private partnership (PPP) processes and projects, among other proposed instruments coordinated with the MEF.
• Lead GGGI investments projects cycle, including origination, evaluation, structuring, negotiating, and financial advisory until financial close of transactions;
• Development of concept notes and funding proposals for international climate funds, including the Green Climate Fund, Adaptation Fund and Global Environment Facility;
• Responsible for ensuring compliance with the Government of Peru’s, GCF’s and GGGI’s processes and systems, including procurement, HR, monitoring and reporting commitments.

ENGAGEMENT

• Lead the engagement with the Government of Peru;
• Lead the establishment of and periodic engagement with the program steering committee;
• Build and maintain strong relationships with the Ministry of Economy of Economy and Finance, Ministry of Environment and local financial institutions, national development banks, international financial institutions and international climate funds;
• Engage with financial regulators to influence finance policy development and decision making;

DELIVERY

• Assisting the Ministry of Economy and Finance, and the Ministry of Environment in the design of sustainable public finance instruments, including GSSS bonds and debt for nature swaps; among other instruments defined with the General Direction of International Economic, Competition and Productivity Affairs;
• Developing concept notes and funding proposals for the Green Climate Fund, Global Environment Facility and Adaptation Fund coordinated with the General Direction of International Economic, Competition and Productivity Affairs;
• Delivering capacity building to local financial institutions for the development of green credit lines and environmental and social management systems; including developing of Sustainable Finance Training Program.
• Preparing awareness raising material and presentation on sustainable finance mechanisms and instruments and disseminating these among key government stakeholders via bilateral virtual meetings;
• Evaluate, analyze, and report on economic and financial environment and related matters requested by the General Directorate.

REQUIREMENTS

QUALIFICATIONS

• Bachelor’s degree in Public Administration, Finance, Economics or other related fields;
• Preferably an advanced degree in Finance, Public Administration, Economics, Sustainable Development, or other relevant fieldPreferably 9 years of professional experience on public finance, preferably at the Ministry of Economy and Finance, Central Bank, or other institutions;
• Preferably 3 years of experience in sustainable finance, for example thematic bonds, green credit/loans, debt for nature/climate swaps, climate funds, climate-smart PPPs, etc.Understanding of multilateral organizations´ operational modalities, systems, risks, and limitations, particularly within the Peruvian context is a plus.
• Exceptionally organized with excellent prioritization skills.
• Proficient communication skills, in written and oral, both in English and Spanish is required.
• Must be a Peruvian citizen, or a foreigner holding a valid Work Visa

FUNCTIONAL

Entrepreneurial and innovative in spirit and approach, with a comprehensive understanding of the significance of green growth to developing and emerging countries, as well as the financial implications and deep understanding of financial instruments that can fund climate ambitions and initiatives.

• Exceptional analytical skills, alongside strong synthesis skills
• Leadership, teamwork and creative problem-solving abilities
• Able to pick up and assimilate relevant information quickly and easily. Learns new tasks rapidly. Responds swiftly and appropriately. Can think on their feet in rapidly changing environments.
• Seeks opportunities to improve outcomes. Constantly reviews performance to identify areas of improvement.
• Capacity to deliver high-quality deliverables, understanding the counterparts’ needs, limitations and capacities.
• Excellent ability to multi-task and prioritize under stressful circumstances.
• Attention to detail, quality control and strong organizational abilities.
• Excellent written and oral communication skills in English and Spanish are essential for this position.

CORPORATE

• Understand and actively supports GGGI’s mission, vision and values.
• Promote an organizational culture of trust, transparency, respect and partnership.
• Process and share information easily.
• Manage emotions and stress positively, builds rapport and resolves conflict easily.
• Promote creativity and innovation among staff.
• Be able to lead where needed and provide solutions to project-level challenge.

INTRODUCTION

The Global Green Growth Institute (GGGI) is an intergovernmental organization founded to support and promote a model of economic growth known as green growth, which targets key aspects of economic performance such a poverty reduction, job creation, social inclusion, and environmental sustainability. GGGI works with countries around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. The organization partners with countries, multilateral institutions, government bodies, and the private sector to help build strong economies that are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change. GGGI supports stakeholders through complementary and integrated workstreams that deliver comprehensive products designed to assist in developing, financing, and mainstreaming green growth in national economic development plans.

GGGI has a diverse portfolio of programs in developing countries around the world. These in-country programs, together with global products and services, focus on delivering results through an integrated approach of evidence-based green growth planning and implementation aligned to countries’ development priorities.

GGGI in collaboration with the Ministry of Economy and Finance of the Government of Peru is rolling out a 36-month technical assistance program to the Government of Peru titled “Mobilizing International Climate Finance and Private Investments for Low-Carbon and Climate Resilient Development in Peru”. The program, funded by the Green Climate Fund (GCF) Readiness and Preparatory Support Program, aims to play a pivotal role in the implementation of the country’s Climate Finance Strategy (CFS) and Green Finance Roadmap (GFR) which outline strategic measures and actions to accelerate the flow of international climate finance and private sector investments towards low-carbon, resilient projects and initiatives. The intended objective is achieved through four complimentary workstreams: