Established in 1944, the World Bank Group (WBG) is one of the world’s largest sources of funding and knowledge for development solutions. The WBG consists of five specialized institutions: The International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID).
The International Finance Corporation (IFC) is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, the Corporation uses over six decades of experience to create opportunities where they are needed most. Private sector financial development is essential to the promotion of successful and sustainable economies in low- and middle-income countries around the world. Sound and efficient financial markets can ensure that resources are allocated where they are most productive, assisting job creation and spurring economic growth.
IFC has embarked on an ambitious new growth strategy, the outcome of which will be to double our volume of business by 2030 and triple the work we do in Low Income Countries (LICs) and Fragile and Conflict affected States (FCS). To do so, IFC will need to deploy its full range of financing, mobilization, advisory, convening and thought leadership skills. This also calls for the need to generate our own opportunities by proactively working “Upstream” to create, deepen, and expand markets and opportunities for the private sector and to imagine, design and implement investment projects. This strategy also relies on a closer WBG collaboration through the “Cascade” approach: working with clients, we will first seek private sector solutions to address development challenges—where such solutions are advisable and can be effective—and reserve public financing for projects only when other options are suboptimal.
The IFC Managing Director’s Front Office is seeking to hire an Economic Advisor to IFC’s Managing Director (MD), based in Washington, D.C. The Economic Advisor will report to the Chief of Staff.
The incumbent will be part of a small team that supports the work of the IFC MD.
The selected candidate will advise the IFC MD in all aspects of his work related to economics and private sector development, in close coordination with the Economics and Private Sector Vice Presidency and will interact with a wide range of stakeholders within and outside the IFC and the World Bank Group.
The position requires energy and enthusiasm, ability to multitask, adapt flexibly to ever changing priorities and sound judgment.
Qualified candidates should have over ten years of successful professional experience in a multilateral institution. They will have a passion for private sector development, and a strong track record of performance and corporate contribution. Superior strategic thinking and analytical capabilities paired with strong organizational abilities and excellent communication and people skills are key success factors for this challenging and exciting position. Finally, the ability to productively engage with people at all levels and handle highly sensitive and confidential matters with tact and discretion is essential.
Duties and Accountabilities
• Stay abreast of the analytical work from WB, IMF, OECD, and other sources and provide reviews and summary notes to the IFC MD for his reference and to support his decision making.
• A post graduate degree in economics/finance/public policy or other relevant graduate degree such as a PhD.
Required Professional Competencies:
• General Economic Knowledge and Analytical Skills – Possesses Cross-country knowledge in economic specialty and demonstrates ability to link the macro, institutional, and micro-level behaviors; able to support findings/policy recommendations with credible analysis and tools.
WBG Core Competencies: Lead and Innovate; Deliver Results for Clients; Collaborate Within Teams and Across Boundaries; Create, Apply and Share Knowledge; Make Smart Decisions.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
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.
|Country:||-- United States|
|City, State:||Washington D.C.|
|Closing date:||October 27, 2021|