Economist
|
Job #: |
req33173 |
|
Organization: |
IFC |
|
Sector: |
Economics |
|
Grade: |
GF |
| Term Duration: | 3 years 0 months |
|
Recruitment Type: |
International Recruitment |
|
Location: |
Washington, DC,United States |
|
Required Language(s): |
English |
|
Preferred Language(s): |
|
|
Closing Date: |
5/29/2025 (MM/DD/YYYY) at 11:59pm UTC |
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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.
The Development Impact Measurement Department (CDI) within the Economics and Private Sector Vice Presidency (CEDVP) analyzes economic sectors with a view to identifying opportunities and solutions for private sector development and works closely with IFC Operations. It provides 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 implementing the ex-ante project assessment framework (Anticipated Impact Measurement and Monitoring, AIMM), monitoring and evaluating impact of both investments and advisory projects, helping to ensure high-quality economic support for IFC investment teams on strategies and projects, and developing sector economic analyses with a focus on solutions for private sector development. In short, the department offers “end-to-end” support and impact assessments for IFC investments and advisory services, engaging upstream and downstream throughout the project cycle.
CDI staff comprise mainly sector economists and results measurement specialists assigned to units organized along IFC industry groupings. These include units for Manufacturing, Agribusiness, and Services (CDIMA); Financial Institutions (CDIFI); Infrastructure (CDIIN); and Funds and Disruptive Technology (CDIDF). The department also includes staff working on impact evaluations, results measurement, corporate reporting and sustainability, that support all industry groups (CDIIR). The CDIMA team is in charge of implementing CDI mandates and deliverables described above in relation to investment and advisory projects across Manufacturing, Agribusiness and Services comprising health, education, tourism, retail and properties (collectively, MAS).
CDIMA is seeking to hire an economist to perform development impact work in MAS with a focus on the manufacturing sector. The economist will provide, on an ongoing basis, operational support to assess the impact of manufacturing investments, while ensuring consistent application of standard impact measurement and monitoring frameworks, help generate relevant lessons learned and support staff incorporate such lessons into project design and contribute to evaluative work beyond the project lifecycle. The staff will work in close collaboration with the Investment and Advisory/Upstream staff responsible for designing and structuring IFC’s manufacturing operations, under the supervision of the CDIMA Manager.
Duties and Accountabilities
Ex-Ante Development Impact Assessments:
• Conduct detailed ex-ante development impact assessments for investment projects in the manufacturing sector.
• Utilize the Anticipated Impact Measurement and Monitoring (AIMM) framework to analyze, rate, and articulate the expected impacts of manufacturing projects.
• Provide comprehensive economic input into investment approval reports, ensuring alignment with IFC's strategic priorities and development goals.
Ex-post Monitoring and Evaluation:
• Monitor project impacts ex-post to ensure alignment with initial projections and strategic objectives.
• Contribute to ongoing impact evaluations for manufacturing investments.
• Provide feedback and lessons learned to manufacturing operations teams to facilitate continuous improvement in project design and implementation.
Refinement of Impact Measurement Approaches:
• Monitor and analyze global trends affecting the manufacturing sector, particularly in emerging markets.
• Advance the refinement of impact measurement methodologies to address emerging challenges and opportunities in manufacturing, ensuring they are robust and comprehensive.
Analytical Work:
• Apply advanced economic modeling techniques to assess the impact of manufacturing processes on local economies, jobs, environmental sustainability and market development.
• Analyze emerging trends, including supply chain dynamics and technological advancements in manufacturing, and their potential to drive economic growth and development.
• Produce detailed reports and analyses that inform strategic decision-making and highlight opportunities for market creation and private sector development through manufacturing investments and technical assistance.
• Prepare briefs, reports, and presentations for IFC senior management, the Board, and external stakeholders.
Corporate Reporting:
• Ensure that impact data from manufacturing projects is accurately captured, analyzed, and reported to reflect the true value of IFC's investments.
• Support the aggregation and reporting of results at a corporate level, contributing to the World Bank Group Corporate Scorecard system.
Additional Responsibilities:
• Perform other tasks as requested by CDI management, contributing to the overall objectives of the department and the IFC.
Selection Criteria
• Master’s degree in Economics or a closely related
field, with at least 7 years of relevant experience.
• Educational background or work experience in manufacturing, evidenced by solid knowledge of the sector, including key trends, investment and policy approaches, and impact drivers. Knowledge of global supply chain and manufacturing processes.
• Knowledge of various impact assessment frameworks and methodologies for private sector investment projects. Experience in conducting ex-ante and ex-post impact evaluations.
• Ability to assess risks associated with manufacturing investments and contextual risks that affect development impact. Experience with evaluating financial models and undertaking sensitivity tests is a plus.
• Proficiency in econometric modeling and statistical analysis. Experience with software such as R, Stata, SAS, or Python for data analysis.
• Proven ability to conduct both quantitative and qualitative research to gather comprehensive insights. Ability to interpret and apply econometric results to real-world scenarios.
• Excellent written and verbal communication skills in English. Ability to communicate complex economic analyses and impact assessments in a clear and concise manner to diverse audiences.
• Ability to work effectively in teams, articulate issues and recommend solutions. Demonstrated ability to build partnerships with key stakeholders to conceptualize and implement solutions.
• Proven ability to work in multi-cultural environments.
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.
