Expression of Interest For Climate Risk Tools Developer For Africa Region - Climate Finance Unit

Expression of Interest are invited for Climate Risk tools Developer for Africa Region - Climate Finance Unit The International Finance Corporation (IFC), a member of the World Bank Group, promotes sustainable private sector investment in developing countries as a way to reduce poverty and improve peoples lives. In addition to its investment work in the Africa region, IFC is also providing Advisory and Upstream Services aimed at specific aspects of private sector development, including support to Financial Institutions, enhancing access to finance, and promoting environmental and social sustainable practices. IFCs Climate Finance (CF) Program, a key initiative of the Financial Institutions Group (FIG), is designed to support financial intermediary lending to clean and resource-efficient projects, as well as Climate Risk investments in emerging markets. The primary objective of the CF program is to bolster FIG climate investments and assist financial institutions in Africa in integrating climate finance into their business models while considering the impacts of Climate Risk. By integrating climate risk management into their operations, financial institutions can enhance their resilience to climate-related impacts. This leads to more informed decision-making, better risk assessment, and improved financial stability. The ripple effects include increased investor confidence, more sustainable business practices, and a stronger emphasis on long-term planning. As financial institutions become more adept at managing climate risks, they can drive broader economic stability, support sustainable development, and contribute to the global effort to combat climate change. This holistic approach not only safeguards the financial sector but also promotes environmental stewardship and social well-being. To further this mission, IFC is seeking an experienced short-term consultant/firm with professional expertise in climate risk management especially in the financial services sector. The consultant/firm will support the creation of a toolkit for climate risk management and disclosure, to enhance the capacity of Financial Institutions (FIs) in the Africa Region to effectively manage and disclose climate risks Tender Link : https://wbgeprocure-rfxnow.worldbank.org/rfxnow/public/advertisement/5252/view.html