Ali OUATTARA

• Non-Sovereign Operations and Private, Leading Investment Analytics, Modeling, Structuring and Advisory Team (7 experienced structuring and financial modeling Officers) which provides investment analytics and structuring support to Bank private sector financing operations towards credit enhancement and financial sustainability of contemplated transactions
• Team supports on average seventy (70) private sector transactions annually covering corporate debts, project finance, equity/private equity, blended finance instruments, and partial risk guarantees
• Leading team that provides advice to origination teams on best economic and financial model to adopt to optimize use of available financial instruments and legal structures in private sector transactions (70 transactions on average per year and total value of $ 5 billion transactions supported over 2020-2024)
• Developing structuring approaches in response to Bank’s specific commercial and legal requirements, including market requirements of co-financiers where Bank is acting as Mandated Lead Arranger
• Supporting portfolio management team in addressing non-performing transaction restructuring/workouts and/or evaluating best exit strategies for value harvesting optimization
• Reviewing and recommending waiver requests on existing private sector transactions portfolio ($13.6 billion) – 120 waivers reviewed since 2021
• Supervising valuation and impairment analyses of distressed investments (Loans and equities)
• Coaching and assessing team performance
• Identifying training needs for team effectiveness
• Coordinating and directing recruitment process of new staff (6 staff recruited since 2021)

• Played crucial roles in the approval of a lending portfolio of US$3.1 billion by successfully completing economic and financial models needed to assess the viability and to improve the design of several energy projects
• Leading, directing and structuring financial modeling engagements for the assessment of several electric utilities’ financial performance in Central and Western Africa
• Led financial modeling and investment due diligence (financial terms and credit enhancement reviews) to support World Bank approval of a Credit Risk Guarantee of US$400 million for a West Africa electric utility’s debt restructuring and refinancing (CI-Energies Debt Refinancing Guarantee, Ivory Coast);
• Took a commanding role in the development of the power sector financial models, strategies, and policies review, to support World Bank Group (WBG) guarantee instrument deployment for one of the most visible hydropower projects (Nachtigal Hydropower Project - Cameroon) in Central Africa (US$1.4 billion)
• Led economic and financial appraisals of highly visible energy projects for a total approved lending amount of US$1.3 billion covering energy access (US$400 million), power transmission (US$850 million), and power generation (including solar plant – US$60 million) in West and Central Africa;
• Led the financial analysis and modeling of Guinea power sector deficit and subsidy evaluation to support World Bank Group policy dialogues on utility reforms and projects design
• Improved the quality of scenario analysis to assess the financial performance of several electric utilities with the development of robust financial models as needed to support World Bank Group projects selection, loan allocation strategies, and policy dialogues in Central and Western Africa
• Performed analytical works to support policy dialogues and participate in several project appraisal and portfolio supervision missions in various countries (Madagascar, Mozambique, Malawi, Cameroon, Rwanda, Senegal, Niger, Cote d’Ivoire, Mali, Mauritania, Congo Brazzaville, Guinea, Gabon, and Burkina Faso).

Financial Risk Management

• Sadara Chemical Company, a $20 billion petrochemical company, established as a joint venture between, (Saudi Arabia) and Dow Chemical (USA), based in Dhahran, Saudi Arabia, Supervision, leadership and/or coordination of quantitative analyses and the development of financial models to facilitate and/or inform strategies for managing and hedging interest rate and exchange rate risks
• Implemented a very well praised valuation process for the company derivative portfolio and associated quantitative analysis methodology for hedge accounting eligibility and reporting in accordance with IFRS
• Led management of debt service (repayment schedule and optimization of financial charges on a total debt of $12 billion)
• Supervised analysis, calculation, disaggregation, and interpretation of capital market conditions and environments and their impact on changes and movements in company's positions relating to interest rate ($12 billion) and exchange rate risks
• Coordinated regular production of reports on evolution of market value of debt portfolio of Sadara (company) with associated risk and position indicators, intended for the management Team (Chief Financial Officer and Treasurer)
• Led trainings and coached national analysts to ensure transfer of knowledge and expertise

• Financial Analysis & Energy and Commodity Risk Management
• Eastman, , $9 billion Fortune 500 Petrochemical Company, Led quantitative analyses and financial models’ development to support Eastman energy midstream and downstream investment appraisals, risk management/hedging strategies development, and structuring commodity linked complex transactions (M&A, Project Finance, Asset disposition)
• Coordinated analytical works necessary for preparation of fundraising documents via $2 billion corporate bonds with various maturities ($800 million-2.7%-2020, $800 million-3.8%-2025 and $400 million-4.65%-2044)
• Led financial modeling, risk analysis, and structuring of conversion of Eastman 400 MW coal-fired power plant to natural gas ($450 million) and prepared investment recommendation report for the executive management final decision
• Developed strategies for executive management approval to optimize Eastman’s propane storage assets that provides predictability in the company propane inventory cost ($75 million);
• Performed risk assessment and financial optimization strategies and drafted final investment decision recommendations to support Eastman’s various propylene supply alternatives (Supply via off-take contract with credit risk enhancement if needed, Construction of a new Olefins Conversion Unit (OCU));
• Provided natural gas pipelines capacity optimization analytics support to energy procurement Managers to minimize natural supply costs
• Led Eastman risk exposure analysis and formulated/drafted recommendation on a robust hedging strategy for its energy and commodity portfolio ($3 billion) in coordination with business and energy procurement Managers requiring strong stakeholder’s management (conflicting and competitive interests);
• Supported and advised Business Units in valuing, structuring, and pricing several physical energy and commodity-based transactions ($200 million per year) to optimize profitability and risk/reward tradeoff;
• Modeled, structured, and hedged ethylene spread margin risk exposure (margin protected ~ $27 million);
• Led implementation of a new energy trading and risk management IT system that involved management of various stakeholders (Accounting, Legal, Procurement, Business Units, and Treasury)
• Principal, Financial Analysis & Energy and Commodity Financial Risk Management

• Led risk analysis, Debt Service Coverage Ratio (DSCR) optimization, complex supply and offtake contracts structuring, and hedging strategy development for Eastman Gasification Project Financing ($2 billion) using Project Finance (non-recourse financing);
• Developed risk metrics such as Economic Profit (EC) and Earnings–at-Risk (EaR) for portfolio optimization;
• Supported and advised Business Units in valuing, structuring, and pricing several physical energy and commodity-based transactions ($200 million per year) to optimize profitability and risk/reward tradeoff
• Raw Materials Analysis & Energy Risk Management

• Developed in partnership with a consulting firm, an Excel-based hedging optimization model for managing a $1 billion energy and commodity portfolio (including power, natural gas, natural gas liquid, olefins, and aromatics) that met the requirements of Eastman hedging objectives
• Developed and validated forward curves for natural gas, natural gas liquids, olefins, and aromatics used to value the derivative portfolios
• Structured commodity purchase and sale transactions of more than $100 million annually to account for price and correlation risks taken by the company.

• Joined municipal utility with responsibility for developing and implementing utility Energy and Credit Risk Management Policy and leading Energy Accounting activities ($75 millions)
• Was concurrently responsible for municipal utility energy and credit risk management, fuel and power supply asset acquisition financial appraisal, contract administration, and financial reporting
• Managed, optimized, and coordinated the municipal utility revenue bonds portfolio (existing debt portfolio: $315 million with an annual debt service of $14 million)
• Coordinated process of preparing legal and financial documents for the raising of funds through the issuance of municipal bonds guaranteed by electricity sales revenues
• Led analytics work needed to optimize utility capital structure (Long-term debt of $120 million);
• Provided Municipal Utility Risk Management Committee and Municipal Utility Commission regular briefings and updates on utility energy portfolio risk exposure, power, and gas supply cost trends, with the associated impacts on retail power rates
• Led appraisal, negotiation and monitoring municipal utility wholesale energy market contractual commitments (long-term power, renewable, transmission, and gas supply projects and investments)
• Coordinated municipal utility participation in various power generation (natural gas fired or renewables), transmission, and natural gas pooling project financing, structuring and negotiations
• Led financial modeling for appraisal of utility gas reserve and power generation capacity acquisitions and expansions including renewables (Solar, Biomass, Geothermal, Wind) and natural gas fired power plants
• Supported City Accounting Department in dealing with External Audits related to Utility department
• Processed utility energy supply operations A/P and A/R (~ $90 million) dealing with 40 counterparties
• Trained junior analysts to take over market wholesale settlements and energy accounting activities.

• Société d’Opération Ivoirienne d’Electricité, National Power Network Planning and Operation Company, Hired by this national power sector planning and project development agency as a power resource expert to plan, monitor, and control optimal and efficient power generation resources operation and dispatch
• Supervised and monitored execution of Power Purchase Agreement (PPA), Gas Purchase Agreement (GPA), and Concession Agreement (CA) for AZITO - 300 MW natural gas fired first non-recourse IPP Project in Cote d’Ivoire
• Negotiated and monitored gas supply to Ivory Coast’s two Independent Power Producers (AZITO and CIPREL) as well as power exchange agreements with neighboring countries in West Africa (Ghana, Togo, and Benin);
• Led as Power Generation Specialist, development of Ivory Coast power generation and transmission Master Plan over 2000 – 2015
• This project aimed at identifying appropriate power generation and transmission investments to meet both forecasted demand growth and network reliability requirements.

• Took commanding roles in the identification, assessment, and implementation of high value electric power projects with national impact
• Co-led the design of the financial model used to evaluate the bids for AZITO 300 MW IPP Project ($US223 million)
• Coordinated via competitive bidding the procurement process for the AZITO IPP Project transmission package (CCEM) and World Bank financed “Energy Project – Private Sector”, valued at $140 million
• Managed and supervised several power generation and transmission projects from project identification, RFP development, bids evaluation and negotiation to onsite implementation (totaling $40.million)
• Led and evaluated the performance of a team of five (5) Engineers.

• Performed load flow, load forecast and power network stability studies to plan and optimize the dispatch of electricity nationwide (4,000GWh);
• Developed a computerized tool for the optimization of the integrated operation of the power plants of Ivory Coast and Ghana (2,000 MW).