Economist

  • Salary:
    negotiable / YEAR
  • Job type:
    FULL_TIME
  • Posted:
    3 months ago
  • Category:
    Economics
  • Deadline:
    17/11/2023

JOB DESCRIPTION

 

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 2023, IFC committed a record US$43.7 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 has embarked on an ambitious new growth strategy (IFC 3.0) to stimulate more investment activity. This strategy calls for generating unique opportunities by proactively working “Upstream” to create, deepen, and expand markets and to imagine, design and implement investment projects. It requires taking a systematic approach to understanding the regulatory and sector bottlenecks that prevent the flow of private capital into productive investment in our member countries and addressing these bottlenecks through World Bank Group engagement on policy reforms and programmatic interventions at the country and sector level. This strategy also calls for working with Governments and World Bank colleagues to 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. This approach is called the “Cascade”.

The Regional and Country Economics and Advisory unit for the Middle East, Central Asia, Turkiye, Afghanistan, and Pakistan (MCT), in collaboration with regional and country teams, leads the VPU’s participation in WBG engagement process (CEM, CPF, DPO, PLR, etc.) and IFC regional and country strategies (IFC Country strategies, CCDR, CPSD); develops periodic and “just in time” regional an country economic analysis, ad hoc economic and strategic analysis for regional directors and managers, and provides high level support for strategic operations, such as platform templates and inter-institutional programs.

Roles & Responsibilities:

IFC’s Regional Country Economics and Advisory unit for the Middle East, Central Asia, Turkiye, Pakistan, and Afghanistan (CMCAE) is seeking to recruit a Country Economist to cover two most dynamic countries of the Central Asia and Turkiye (CAT) sub-region – Turkiye and Uzbekistan. The Economist will report to the Regional Program Lead (Senior Economist) for the CAT and to the Manager of the CMCAE unit. Key roles and responsibilities of the Country Economist are expected to include:

• Serve as a focal point for CMCAE on economic issues in Turkiye and Uzbekistan and contribute to macroeconomic monitoring for the respective countries, including collation and analysis of macroeconomic projections and drafting of monthly updates;
• Provide significant contributions to IBRD and/or IFC analytic, diagnostic, and strategic products and engagements at the country level;
• Explore sectoral opportunities and constraints, including by procuring and analyzing relevant sources of quantitative data and ascertaining information from key stakeholders in the private and public sector;
• Prepare economics sections of the annual and spring meeting briefing materials, project briefing notes, and other inputs in collaboration with IFC industry and country officers and IBRD colleagues;
• Support the Manager and the Program lead with fulfilling corporate demands, as needed;
• In collaboration with IFC Regional and Country teams, assist with fostering dialogue with key stakeholders in government, academia, non-governmental organizations and think-tanks, private sector firms, and development partners on sectoral opportunities, prevailing constraints, emerging trends, and future challenges.

 

Selection Criteria

 

• Ph.D. in economics with a concentration in macroeconomics, finance, or international trade and finance and 8 years of relevant professional experience;
• A track record of relevant analytical work, including contributions to publications (peer-reviewed journals or books) or published reports on macroeconomics, finance, international finance and trade, public economics, and/or development economics;
• Familiarity with econometric modelling and/or experience in conducting macroeconomic analysis with formal models (IAMs, CGEs, macro-structural models, or agent-based models);
• Working knowledge of the economies and politics of the CAT region, including sectoral opportunities, prevailing constraints on investment and productivity, and emerging trends;
• Knowledge of IBRD and IFC country engagement models, including knowledge of IFC financial products;
• Knowledge of IBRD and IFC operations in the MCT region, especially in Turkiye and Uzbekistan
• Strong communication skills, including the ability to write quickly and concisely on a variety of topics in a well-structured manner accessible to non-specialists and excellent command of at least the English language, knowledge of one of the region’s languages – Turkish or Russian – is highly desirable;
• Interpersonal, diplomatic and partnership skills for building and maintaining collaborative relationships with stakeholders;
• A proven ability to work with diverse stakeholders across the WBG and work flexibly on a range of assignments individually and in teams, adjust to changes in schedule and priorities, and juggle concurrent tasks effectively and efficiently.
 
NOTE: This internal requisition is open to WBG and IMF staff only (including short-term and extended term consultants/ temporaries). External candidates are requested not to apply. In case an external candidate applies, their application will not be considered.

 

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.

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