In addition to updating ESRD and running contextual risk and IBAT screenings, I also supported E&S team members in the completion of other ad hoc assignments. For example, to assist the climate specialist in the development of MIGA’s approach to financing adaptation, I researched barriers to private sector investment in climate adaptation projects. I reviewed documents published by other international institutions, and compiled the findings into a summary report, which included lessons learned and possible solutions. I enjoyed this assignment because it allowed me to learn about the interactions between the economy and efforts to mitigate and adapt to climate change. It also allowed me to explore what MIGA and other international institutions can do to facilitate investment in this area.
I also had the opportunity to get a better understanding of MIGA’s Financial Intermediary (FI) portfolio. I reviewed all FI projects in the portfolio and created a table indicating the types of business activities undertaken by each FI. Through the information that I compiled, the E&S team was able to quickly identify and summarize the range of business activities supported through their FI clients.
Another responsibility I was given involved completing a Back to Office Report (BTOR) for an E&S specialist who had just returned from conducting a site visit to a potential project. With the notes the specialist took on her mission and extensive documents provided by the client, I created a project description and wrote a summary of the project’s progress in meeting the Performance Standards on Environmental and Social Sustainability. Contributing to this BTOR gave me more insight into how the E&S specialists review projects and how integral site visits are to their work. Assisting with these ad hoc tasks has greatly strengthened my writing and research skills as well as my knowledge of development and climate finance.