Internship- Fellow- Multilateral Investment Fund (MIF) of the Inter-American Development Bank

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    Tarryn Reddy

    The Multilateral Investment Fund (MIF) of the Inter-American Development Bank is looking to fill two one-year positions in the Climate Change team. The MIF is the largest provider of technical assistance to the private sector in Latin America and the Caribbean. As a member of the IDB Group, the MIF’s overall focus is providing low-income households, and micro and small enterprises with access to financial services, basic services, and markets and capabilities.

    Terms of reference for the two positions are attached to this email. While many duties overlap, one position is more focused on climate and microfinance, and the other is more focused on climate and knowledge management/communication.

    Applicants should email Isabel Auge ([email protected]) with their CV before February 18 with the subject “MIF Research Fellow Applicant”. Please note if you have a preference for one or another of the positions.

    Applicants should be prepared to start in March, and to be located in Washington, DC. Applicants must be fluent in English and Spanish. Applicants who are citizens of countries in Latin America and the Caribbean are encouraged to apply. They must also have finished graduate school in the last three years. Funding is only currently available for one year contracts.

    About the MIF Climate Change Program

    Expanding access to energy in a low carbon world means greatly increasing the supply of clean and efficient energy – presenting a vast private opportunity to address an enormous public good. When seized, this opportunity will create new technologies, businesses, investments, products and jobs. Make no mistake: addressing climate change will require new regulations. But it will be private incentives, capital, and skills that will ultimately deliver the innovation needed to provide more energy for the poor — while delivering more climate resilient, low-carbon economies.

    What we believe

    Private Initiative Matters: A private response to climate change will generate new small businesses, jobs, and products in areas such as energy efficiency, renewable energy, biofuels, sustainable forestry, green finance and green technology.

    Demonstration and Scale Matter: Private sector awareness, knowledge, and technical capacity are low in the region, underscoring the need for demonstration of models that can go to scale and knowledge management to disseminate successes.

    Strategic Partnership Matters: Donors need to leverage skills, networks, instruments, and funds in order to create multi-disciplinary solutions for complex problems.

    FOMIN has a long history working with micro and small businesses, microfinance institutions, and venture capital funds. We believe that by reducing the emissions of many small emitters we can make a big difference.

    What we do

    Current FOMIN activities in climate change are focused on two main areas: Expanding access to carbon finance for smaller entities, and making cleaner and more efficient technologies available to low-income individuals and small businesses. We are also developing our portfolio of adaptation programs.

    • In the carbon finance realm we are working to leverage private investment to support projects that create carbon credits in the compliance or voluntary markets.

    o Carbon funds to develop projects in energy efficiency, forestry, and clean production.

    o Assistance to accreditation, certification, and verification bodies in the region.

    o Technical assistance to facilitate new market entrants.

    • In the energy efficiency and clean energy area, FOMIN takes a holistic approach, integrating all parts of the business cycle.

    o Stimulating consumer demand by raising awareness.

    o Providing loans or technical assistance to small businesses that manufacture, supply, distribute, or repair cleaner technologies.

    o Supporting MSMEs in adopting cleaner technologies for production

    o Promoting innovative financial products and services to finance the purchase of energy efficient goods.

    o Piloting programs for small farmers to improve sustainability through biogas opportunities.

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