Senior Sector Economist
3 years 0 months
Washington, DC,United States
8/10/2020 (MM/DD/YYYY) at 11:59pm UTC
IFC—a sister organization of the World Bank and 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 2019, we invested more than $19 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org
The Economics and Private Sector Development Vice Presidency (CEDVP) is responsible for identifying and delivering on private sector diagnostic needs, drawing on resources across the WBG, to grow IFC's capacity to deliver Country Private Sector Diagnostics (CPSDs), and present private sector perspectives in Systematic Country Diagnostics or Country Partnership Frameworks (SCD/CPF) and country strategies; developing rigorous sector economic analyses and an ex-ante project assessment framework to help guide project selection, complementing our expertise in supporting and monitoring project implementation; as well as identifying and strategically driving policy engagements that create and grow new markets for the private sector. The CEDVP also encompasses teams working on global macroeconomic analyses and prospects as well as the team in charge of gender mainstreaming in IFC. The Vice Presidency is also home to two additional operational teams and content providers focusing on Blended Finance and Climate Businesses.
The Sector Economics and Development Impact Department (CSE), part of the Economics & Private Sector Development Vice Presidency, analyzes economic sectors with a view to identifying opportunities and solutions for private sector development, and works closely with IFC Operations in formulating sector priorities and strategies. It is expected to provide technical support to operations related to structuring, appraising, and monitoring investment and advisory projects and is responsible for reporting on IFC’s impact. The department is in charge of fully developing and implementing the ex-ante project assessment framework (Anticipated Impact Measurement and Monitoring- AIMM) for investment and advisory projects throughout the project cycle, help ensure high-quality economic support for IFC operations teams on strategies and projects; and develop sector economic analyses with a focus on solutions for private sector development.
CSE is the largest department in the Economics and Private Sector Development Vice Presidency, with approximately 80 staff, comprised of mainly sector economists and results measurement specialists assigned currently to fully integrated units organized along IFC industry groupings. These include: CSE unit for Financial Institutions Group (CSEFI); CSE unit for Infrastructure and Natural Resources (CSEIN); and CSE unit for Manufacturing, Agribusiness, and Services (CSEMA); and CSE unit for Disruptive Technology and Funds (CSEDF). For each unit, the sector economists are embedded in the respective industry groups to ensure they play a connective tissue role. Still, they are an integral part of CSE and report to CSE managers. The department also includes two additional teams in charge of economic modeling, applied research and analytics (CSEIM) composed of research economists and the CSE unit for Results Measurement and Corporate Reporting (CSECR) that supports all industry groups. In short, the department offers an “end-to-end” support and impact assessments for IFC investments and advisory services, engaging upstream and downstream throughout the project cycle.
The CSE unit for Manufacturing, Agribusiness, and Services (CSEMA) is in charge of implementing CSE mandates and deliverables described above in relation to sectors that comprise Manufacturing, Agribusiness, and Services (MAS) investments. This includes fully developing and implementing the ex-ante project assessment framework for investment and advisory projects throughout the project cycle, monitoring and evaluating impact of both investments and advisory projects, help ensure high-quality economic support for IFC MAS teams on strategies and projects, and develop sector economic analyses with a focus on solutions for private sector development. These activities will support operations done by MAS teams to deliver equity investments that support growing enterprises across the real sector in emerging markets.
The Department is looking for a Senior Sector Economist focused on Manufacturing and Services sectors to provide, on an ongoing basis, economic analysis/ expert advice, necessary support to operational teams and management, assess the development impact of projects under CSEMA industry business lines, help generate relevant and robust analysis highlighting lessons learned and support staff incorporate such lessons into project design, produce analytical work that informs IFC’s strategy in the manufacturing sector, and contribute to evaluative work beyond the project lifecycle. S/he will work in close collaboration with the Investment and Advisory Staff of the MAS team.
Role & Responsibilities
• Preparing substantive economic analysis and assessments of key IFC investment projects in the Manufacturing and Services sectors (comprising of education and healthcare), including the projects’ direct and broader impact, as well as expert advice and support to operational teams and managers on trends, key risks, and sector analysis during the project life cycle, in coordination with the respective industry strategists.
• Lead the articulation and measurement of the economic impacts of Manufacturing and Services industries, and of projects in these sectors undertaken by the IFC.
• Lead the implementation, calibration and updating, of an ex-ante project assessment framework for investment and advisory projects for Manufacturing and Services sectors throughout the project cycle – including working with IFC’s Investment Officers to collect and analyze project data, apply the appropriate frameworks on the basis of data and research, create narratives that support the articulation of project impacts, rate projects, and lead on the monitoring of projects performance
• Design, lead and undertake rigorous analytical work analyzing trends and developments in the Manufacturing and Services sectors on the global and country level and producing reports with a focus on challenges, priorities, and opportunities for market creation and private sector development in these sectors.
• Work closely with operations in the development of sector strategies (deep dives), highlighting the key challenges and constraints for private sector development in specific sub sectors across different regions, as well as the greatest opportunities for achieving development impact.
• Make the economic case for projects that might qualify for blended finance based on a thorough assessment of market failures.
• Design, lead and undertake economic research on a variety of economic topics relevant for the Manufacturing and Services sectors in collaboration with relevant MAS investment and advisory teams, the World Bank Group, and other organizations and research institutes to inform sector strategies and operational decisions.
• Design and lead ex-post evaluation work that helps establish the feedback loop in IFC MAS operations and enhance IFC’s ability to better articulate its development impact narrative.
• Lead the day-to-day management of economic input into Manufacturing and Services investment and advisory projects and oversee tasks, timelines and junior staff and research consultants; and perform other tasks as requested by CSE management.
• A post graduate degree in Economics from a reputable university with solid training in quantitative and qualitative research methods. A PhD in economics would be a strong plus.
• At least 8 - 12 years of experience pertaining to economic analysis of Manufacturing and Services sector (sector dynamics, emerging trends, development impacts), demonstrating strong analytical and research skills, including track record of working on preparing economic papers and sector strategies in areas related to these sectors.
• Strong experience in assessment of economic impact measurement of private sector investment, reflecting integrated perspective of relevant country and sector dynamics that may pose risks or present opportunities to the project. Ability to advise operational teams on how to change or reshape project design to strengthen development impact.
• Strong command of financial and microeconomics concepts and key drivers of growth, productivity, profitability and efficiency as well as impact of global sector trends on market opportunities, risks and constraints. Strong demonstrated knowledge of competition and trade issues would be a plus.
• Strong understanding of the private sector’s performance in developing countries. Knowledge of what constitutes an enabling environment for the manufacturing sector in different contexts, the effect of different types of regulation on the sector’s competitiveness, the policy reforms that are required for the private sector to participate in certain economic activities, as well as understanding of different models of public-private cooperation (such as PPPs).
• Strong knowledge of firm- level economics, with substantial understanding of the elements (both policy and firm related, as well as macroeconomic context) that contribute to improved firm performance and competitiveness.
• Proven capability to handle complex assignments under tight deadlines (e.g. project related or analytical tasks with operational relevance) and produce analytical work to a high professional standard. Proven project-management experience, including managing tasks and activities, allocating tasks to other team members, and managing junior resources.
• Proven ability to innovate, develop innovative solutions with others, and to deliver results for clients by proactively addressing clients’ stated and unstated needs.
• Proven ability to work in teams and capability to work in multi-cultural environments.
• Excellent written and verbal communication skills in English and ability to communicate effectively with different stakeholders.
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