E T Consultant

Contract

This is a World Bank Group grade: EC2 contract. More about World Bank Group grade: EC2 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

The IFC Global Macroeconomics & Market Research Department, housed within Economics & Private Sector Development Vice Presidency, is a unique research team that is in charge of generating a deep understanding of country and market dynamics to identify strategic implications for IFC’s business and portfolio and for IFC investment clients.

The Department develops strategic and proprietary research catered to IFC Senior Management, Investment Departments and existing or potential investment clients. It combines in-house expertise in macroeconomics, portfolio analysis, financial markets analysis, policy and regulatory matters. The team leverages IFC operational and industry knowledge and WBG sector expertise to provide a comprehensive view of global and country-specific industry trends and investment opportunities. The team’s various research offerings support the corporation’s strategists, thought leadership as well as fundamental research.

More specifically, the team provides (1) global, regional and country level macro, financial and market trends and outlooks to inform business and portfolio decisions, (2) country-risk ratings based on macro-economic, market and political developments, (3) strategic asset allocation framework and recommendations, (4) in-house developed models such as the Medium Term Vulnerability Model and FX Models, (5) tools that support investment staff, such as pricing tools, equity valuation tools, and M&A tools for sourcing and valuing IFC investments and (6) applied fundamental research.

Role & Responsibilities:

Macro Analysis

• Monitor and evaluate the macroeconomic, sector, and market trends and developments for EMDEs, in particular in Latin America and the Caribbean but also potentially for other regions as well. Lead on country risk analysis for countries of coverage • Author country-focused analytical reports focused on macroeconomic performance, prospects and risks, along with deep-dive presentations as well as other analytical deliverables that inform risks and opportunities for the private sector for both internal and external clients, linking the macro context to the projects for our teams of investment officers, sector economists and portfolio review experts. • Support long-term fundamental research for Latin America and the Caribbean, and other regions, especially on projections of long-term growth in real GDP and sectors, integrating assessments of relative valuation, banking sector capital adequacy and capital market development potential. • Contribute to CGR’s work on long-term FX projections, integrating more fully with EBA-style assessments and IMF estimates of real effective exchange rate equilibria. • Carry operationally relevant fundamental research including long-term in-house FX projections, country-specific scenario analysis, FDI inflow projections, and demand drivers for certain sectors • Author deep dive country notes, country and regional presentations for senior management and portfolio reviews and others as well as other macroeconomic analyses that inform risks and opportunities for the private sector for both internal and external clients, linking macro-outlooks and risks to projects for investment teams, sector economists and portfolio officers.

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

The IFC Global Macroeconomics & Market Research Department, housed within Economics & Private Sector Development Vice Presidency, is a unique research team that is in charge of generating a deep understanding of country and market dynamics to identify strategic implications for IFC’s business and portfolio and for IFC investment clients.

The Department develops strategic and proprietary research catered to IFC Senior Management, Investment Departments and existing or potential investment clients. It combines in-house expertise in macroeconomics, portfolio analysis, financial markets analysis, policy and regulatory matters. The team leverages IFC operational and industry knowledge and WBG sector expertise to provide a comprehensive view of global and country-specific industry trends and investment opportunities. The team’s various research offerings support the corporation’s strategists, thought leadership as well as fundamental research.

More specifically, the team provides (1) global, regional and country level macro, financial and market trends and outlooks to inform business and portfolio decisions, (2) country-risk ratings based on macro-economic, market and political developments, (3) strategic asset allocation framework and recommendations, (4) in-house developed models such as the Medium Term Vulnerability Model and FX Models, (5) tools that support investment staff, such as pricing tools, equity valuation tools, and M&A tools for sourcing and valuing IFC investments and (6) applied fundamental research.

Role & Responsibilities:

Macro Analysis

• Monitor and evaluate the macroeconomic, sector, and market trends and developments for EMDEs, in particular in Latin America and the Caribbean but also potentially for other regions as well. Lead on country risk analysis for countries of coverage • Author country-focused analytical reports focused on macroeconomic performance, prospects and risks, along with deep-dive presentations as well as other analytical deliverables that inform risks and opportunities for the private sector for both internal and external clients, linking the macro context to the projects for our teams of investment officers, sector economists and portfolio review experts. • Support long-term fundamental research for Latin America and the Caribbean, and other regions, especially on projections of long-term growth in real GDP and sectors, integrating assessments of relative valuation, banking sector capital adequacy and capital market development potential. • Contribute to CGR’s work on long-term FX projections, integrating more fully with EBA-style assessments and IMF estimates of real effective exchange rate equilibria. • Carry operationally relevant fundamental research including long-term in-house FX projections, country-specific scenario analysis, FDI inflow projections, and demand drivers for certain sectors • Author deep dive country notes, country and regional presentations for senior management and portfolio reviews and others as well as other macroeconomic analyses that inform risks and opportunities for the private sector for both internal and external clients, linking macro-outlooks and risks to projects for investment teams, sector economists and portfolio officers.

Selection Criteria

• Advanced degree in economics with a specialization in macroeconomics, international and development economics, country risk, financial economics • 5+ years of professional experience in a research or analytical role focused on international economics, country risk, debt and development policy related issues • Ability to combine theoretical frameworks with applied research. Strong understanding of the economics of development, the challenges developing countries face and the role of the private sector • Broad knowledge and understanding of linkages between major sectors of the economy and private sector dynamics, including the key drivers of growth in EMs and advanced economics • Experience on country-level analysis covering macroeconomics, industry and market trends • Country and regional expertise in Latin America and the Caribbean • Ability to work well within a multicultural team context, building on the synergies of different team members and their expertise, seeking opportunities to advance the financial and development objectives of the department and IFC, while respecting cultural differences • Demonstrated written and verbal communications skills in English; able to convey complex concepts and distill analysis to clear, concise messages • Extensive experience and knowledge of Microsoft Excel, econometric packages, and presentation packages • Ability to thrive under pressure and function effectively while managing multiple tasks simultaneously • High level of attention to detail and capacity to deliver high quality work, often against tight deadlines • Able to coach and provide guidance and training to junior members of the team • A good fit within the team

World Bank Group Core Competencies

We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.

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.