Financial Sector Specialist, World Bank

Closing date: Wednesday, 22 June 2016

Location To Be Determined
Recruitment Type International Hire
Language Requirement English [Essential]; French [Desired]
Closing Date 22-Jun-2016
Background / General description
The Consultative Group to Assist the Poor (CGAP) is a global multi-donor partnership dedicated to advancing financial inclusion for the poor. CGAP develops innovative solutions to address barriers to financial inclusion through practical research and active engagement with financial service providers, policy makers, and funders.
Established in 1995, CGAP initially played a critical role in building a sustainable microfinance industry, facilitating consensus around good practice standards and helping to professionalize the field. Starting in the mid-2000s, CGAP focused on promoting a diversity of financial services and providers and in particular technology and business model innovations that have the potential to dramatically increase the scale and lower the costs of financial services for poor people.
Today, CGAP is widely recognized as a leading global resource on financial inclusion through its high-level advocacy, research and knowledge sharing on client demand, support for product and business model innovation, policy advice, and guidelines and standards for donor effectiveness.
CGAP is supported by more than 30 partners including bilateral and multilateral development agencies, development finance institutions and private foundations committed to advancing financial access for the poor. CGAP is housed in and administered by the World Bank.
CGAP's structure comprises its Council of Governors (CG), the membership and governance body of CGAP, its Executive Committee (ExCom), which operates as CGAP's Board, and its Operational Team. The Operational Team, led by a CEO, is responsible for implementing CGAP's work in partnership with a wide range of private, social, and public sector organizations
CGAP is guided by a five-year strategy and annual workplan. The current five-year strategy, CGAP V, covers the period July 1, 2013 - June 30, 2018 and was developed in consultation with a wide range of stakeholders. CGAP V was endorsed in May 2013 by the CG and focuses on the following five priority areas
  • Understanding poor people's demand for financial services, and the impact of these services on poor people's lives
  • Advancing financial innovation for smallholder families
  • Developing robust provider ecosystems
  • Building an enabling and protective policy environment
  • Promoting effective and responsible funding for financial inclusion.
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