International Finance Corporation (IFC)
International Finance Corporation (IFC)
International Finance Corporation (IFC)
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Summary
- Vacancy: —
- Location: Anywhere in Bangladesh
- Salary: Negotiable
- Experience: At least 15 years
- Published: 2 Jun 2024
Requirements
Education
University degree in Finance, Business Administration, Economics or equivalent.
Experience
- At least 15 years
- The applicants should have experience in the following business area(s):
Development Agency
Additional Requirements
- Have strong reputable local experience (at least 15 years) and solid track record in financial/banking sector in Bangladesh. Experience of working on housing finance portfolio in a bank/NBFI would be preferred.
- Experience, knowledge and understanding of the financial sector regulatory environment and regulatory authorities in the country.
- Demonstrated track record of working with senior private sector stakeholders and regulators within financial sectors in Bangladesh on policy and regulatory reforms would be preferred.
- Experience of undertaking similar/relevant assignments in the country, region or globally.
- Strong verbal and written communications skills in English and Bengali.
Responsibilities & Context
PROJECT Background
Bangladesh, with an estimated population of 173 million, is one of the most densely populated country in South Asia. Population growth is skewed towards urban areas; urban population has doubled in less than 2 decades, (from 31 million in year 2000 to 63 million in 2019), and currently comprises almost 40.9 percent of the total population of the country. A significant increase of rural to urban migration coupled with the rising threats of climate change along the coastal belt is putting pressure on the housing situation in urban areas, resulting in growing informal housing, overcrowding and creation of slums. Half of the Bangladesh population are estimated to live in urban areas by 2030. Bangladesh needs to provide adequate housing at a pace fast enough to meet this growing demand, particularly in urban areas.
Key Challenges for Sector Development
a. Government’s lack of vision:
- Despite the large market gap, urban affordable housing has not been at the forefront of Government’s development plan. Moreover, despite Government’s attempt to catalyze private sector climate investment for lending to enterprises that invest in green technologies, there are no incentives or guidelines for affordable or green affordable housing. Housing is not a separate “industry” or a “priority sector”.
b. Supply: Delivery of housing units is limited by:
- Availability of land in urban areas and rapidly increasing land prices.
- Land ownership and transparency of records.
- Non-conducive enabling environment for developers and poor regulatory delivery i.e. issuing “land use clearance” certificates—registration and approval can take up to six months.
- Lack of demand for smaller units, including in peripheral areas. Limited success of small unit projects due to connectivity and infrastructure issues.
- Rapidly increasing prices of construction materials.
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Employment Status
Contractual
Job Location
Anywhere in Bangladesh