E T Consultant

Contract

This is a World Bank Group grade: EC3 contract. More about World Bank Group grade: EC3 contracts.

E T Consultant

Description

IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.

IFC’s LAC & EUR Country Economists (CELCE) unit, part of the LAC & EUR Regional Vice Presidency, is hiring an Extended-Term Consultant (ETC) at the Senior Economist level to support priority work of the team covering the LAC region. The unit has three principal functions:

• Country Engagement Strategy and Diagnostics: In collaboration with other relevant parts of IFC and the World Bank, lead/co-lead the development of the following products: IFC Country Strategies, World Bank Group (WBG) Strategic Country Diagnostics (SCDs), Country Partnership Framework (CPFs), formulation of IFC reform asks as input to World Bank Policy Lending (DPOs), WBG Country Private Sector Diagnostics (CPSDs), WBG Country Climate and Development Reports (CCDRs) and regional climate diagnostics, as well as contribute to documentation that assesses WBG performance against country strategy goals such WBG Performance Learning Reviews (PLRs) and WBG Completion and Learning Reports (CLRs); • Regional Operations: co-lead from IFC the preparation of the WBG LAC Regional Update to the Board, support the regional teams on country/regional portfolio analysis, quarterly updates, project documentation, board papers, regional/country briefs, WBG Annual and Spring Meetings briefs, memos to IFC/WBG management; • Macroeconomics and Analytics: Monitor and analyze macroeconomic, financial sector, and political developments in client countries, advise Sr. Management on Economic Updates every quarter, draft periodic macroeconomic country updates, prepare macroeconomic and strategic fit context sections for investment projects, conduct analyses on specific themes and sectors relevant to private sector development at the country or regional level.

Duties and Accountabilities: The Senior Economist ETC will support the operation of the team by performing the following tasks: • Work closely with Regional Director, Regional Operations, Country Manager, Country Office and industries, to provide the economic support to IFC’s activities as needed, at the project level and strategy level. A key skill for this role is to help "translate" the macroeconomic context/assessment into the regional/country operational strategy. • Provide economic advice on investment and advisory projects, including due diligence and country macroeconomic updates. Draft relevant sections of Board papers for investment project approval. • Lead the strategy work for major countries and several countries within a region, and work closely with country/industry managers, teams, and stakeholder in developing IFC country strategies in the Region. With the country team and in accordance to the country strategy, ensure that relevant reforms to create markets are prioritized and embedded in WB Development Policy (DPO) operations. • Together with Regional management prepare IFC inputs to WBG Systematic Country Diagnostics, Climate Change Development Reports, Country Partnership Frameworks, PLRs, CPLs and other joint initiatives (CEMs) and associated EIG assessments (CPEs and CLRRs). • Co-Lead Country Private Sector Diagnostics, Sector Deep Dives and subsequent preparation of IFC Country Strategies. Develop CPSD products in strong collaboration with the joint GPs, other GPs, IFC Industry Teams, Upstream and Advisory, including CPSD follow up activities and deep dives, and ensuring consistency with IFC business plans; • Contribute as needed relevant economic inputs to the WBG climate products (CCDRs and regional CCAPs). • Contribute to preparation of briefs, reports and presentations to various stakeholders, including senior management and the Board, as well as external stakeholders. • Advise IFC senior management on Board-related matters, based on established links and understanding of Board priorities and identify issues that are highly relevant to expressed interests and concerns of the Board. • Provide in-depth input to global and/or regional policy initiatives, including regional board updates, SBO regional annexes and other strategic initiatives as needed. • Undertake analytical work on strategic topics that inform country and regional strategies, including regional macroeconomic updates, research pieces, notes, blogs, and other analytics.

IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.

IFC’s LAC & EUR Country Economists (CELCE) unit, part of the LAC & EUR Regional Vice Presidency, is hiring an Extended-Term Consultant (ETC) at the Senior Economist level to support priority work of the team covering the LAC region. The unit has three principal functions:

• Country Engagement Strategy and Diagnostics: In collaboration with other relevant parts of IFC and the World Bank, lead/co-lead the development of the following products: IFC Country Strategies, World Bank Group (WBG) Strategic Country Diagnostics (SCDs), Country Partnership Framework (CPFs), formulation of IFC reform asks as input to World Bank Policy Lending (DPOs), WBG Country Private Sector Diagnostics (CPSDs), WBG Country Climate and Development Reports (CCDRs) and regional climate diagnostics, as well as contribute to documentation that assesses WBG performance against country strategy goals such WBG Performance Learning Reviews (PLRs) and WBG Completion and Learning Reports (CLRs); • Regional Operations: co-lead from IFC the preparation of the WBG LAC Regional Update to the Board, support the regional teams on country/regional portfolio analysis, quarterly updates, project documentation, board papers, regional/country briefs, WBG Annual and Spring Meetings briefs, memos to IFC/WBG management; • Macroeconomics and Analytics: Monitor and analyze macroeconomic, financial sector, and political developments in client countries, advise Sr. Management on Economic Updates every quarter, draft periodic macroeconomic country updates, prepare macroeconomic and strategic fit context sections for investment projects, conduct analyses on specific themes and sectors relevant to private sector development at the country or regional level.

Duties and Accountabilities: The Senior Economist ETC will support the operation of the team by performing the following tasks: • Work closely with Regional Director, Regional Operations, Country Manager, Country Office and industries, to provide the economic support to IFC’s activities as needed, at the project level and strategy level. A key skill for this role is to help "translate" the macroeconomic context/assessment into the regional/country operational strategy. • Provide economic advice on investment and advisory projects, including due diligence and country macroeconomic updates. Draft relevant sections of Board papers for investment project approval. • Lead the strategy work for major countries and several countries within a region, and work closely with country/industry managers, teams, and stakeholder in developing IFC country strategies in the Region. With the country team and in accordance to the country strategy, ensure that relevant reforms to create markets are prioritized and embedded in WB Development Policy (DPO) operations. • Together with Regional management prepare IFC inputs to WBG Systematic Country Diagnostics, Climate Change Development Reports, Country Partnership Frameworks, PLRs, CPLs and other joint initiatives (CEMs) and associated EIG assessments (CPEs and CLRRs). • Co-Lead Country Private Sector Diagnostics, Sector Deep Dives and subsequent preparation of IFC Country Strategies. Develop CPSD products in strong collaboration with the joint GPs, other GPs, IFC Industry Teams, Upstream and Advisory, including CPSD follow up activities and deep dives, and ensuring consistency with IFC business plans; • Contribute as needed relevant economic inputs to the WBG climate products (CCDRs and regional CCAPs). • Contribute to preparation of briefs, reports and presentations to various stakeholders, including senior management and the Board, as well as external stakeholders. • Advise IFC senior management on Board-related matters, based on established links and understanding of Board priorities and identify issues that are highly relevant to expressed interests and concerns of the Board. • Provide in-depth input to global and/or regional policy initiatives, including regional board updates, SBO regional annexes and other strategic initiatives as needed. • Undertake analytical work on strategic topics that inform country and regional strategies, including regional macroeconomic updates, research pieces, notes, blogs, and other analytics.

Selection Criteria

• Distinguished academic record with graduate degree in economics, public policy and/or business/finance, with strong grounding in economics. • At least 10 years of experience demonstrating analytical skills in economics and private sector development work in a country/regional context. • Experience in and strong knowledge of the economic context and challenges of countries. • Familiarity with IFC's or similar Development Finance Institutions' areas of focus and relevant experience in the LAC / EUR country/regional context. • Knowledge of IFC operational and portfolio work and a good understanding of investment projects is desirable. • Excellent understanding of financial and economic concepts and data. • Strong analytical and quantitative skills, strategy formulation, and conceptual abilities. • Data Base Management Skills, including familiarity with source data bases, and software tools. • Excellent written and verbal communication skills and ability to communicate effectively with high level stakeholders in English. • Demonstrated interpersonal skills, proven ability to work effectively as a team leader and team member, build and maintain relationships with colleagues, and manage junior staff. • Initiative, and be able to manage competing and sometimes unanticipated priorities, and tight deadlines.

World Bank Group Core Competencies

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Note: The selected candidate will be offered a one-year appointment, renewable for an additional one year, at the discretion of the World Bank Group, and subject to a lifetime maximum ET Appointment of two years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their second-year ET appointment are not eligible for future ET appointments.