Senior Economist Job #: req31058
Organization: IFC
Sector: Economics
Grade: GG
Term Duration: 3 years 0 months
Recruitment Type: International Recruitment
Location: Bogota, Colombia
Required Language(s): English
Preferred Language(s): Spanish
Closing Date: 1/22/2025 (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 IFC 3.0 strategy aims to stimulate more investment activity across emerging markets, especially in Low-Income Countries (LICs) and Fragile and Conflict-affected States (FCS).
Our goal is to create, deepen, and expand markets and design and develop impactful investment projects.
IFC's Country Advisory and Economics Unit (CAE) is seeking a (Senior) Economist based in Bogotá, Colombia.
CAE plays a critical role in transforming recommendations from WBG core diagnostic products into actionable reforms, driving private investment in key sectors, and fostering inclusive, sustainable growth in client countries.
The (Senior) Economist will support the operation of the team by performing the following tasks:
Producing regional and country-level economic assessments to support IFC's strategy and operations.Contributing to WBG analytical products such as Systematic Country Diagnostics (SCD), Country Private Sector Diagnostics (CPSDs), and Country Climate and Development Reports (CCDR).Supporting IFC's operations such as Board Papers (BP) and IBRD/IDA lending operations.Implementing IFC's country strategy and diagnostic recommendations through advisory projects that engage with stakeholders to reform markets and sectors.Roles and Responsibilities Analyze and apply economic principles to emerging market development.Demonstrate sound judgment in assessing emerging market dynamics and the feasibility of private sector engagement.Provide advice and influence discussions of economic relevance.Maintain both a broad strategic perspective and focus on critical details.Build depth of expertise while building a solid professional network.Apply analytical depth and rigor to develop conceptual frameworks for analysis and recommendations.Demonstrate credibility with IFC internal clients and senior management.Guide, advise, mentor, and coach others in the Economic stream.Produce and tailor comprehensive reports to different audiences.Selection Criteria Ph.D.
in economics or related fields is desirable; a Master's degree with at least 8 years (Economist) and 10 years (Senior Economist) of relevant experience.Strong knowledge and experience in a particular region/country.Conduct and influence country/regional diagnostics and strategies.Advise IFC/WB operations on actions to unlock private sector development.Excellent written, verbal communication, and presentation skills in English; proficiency in Spanish is a plus.The World Bank Group offers comprehensive benefits and is an equal opportunity and inclusive employer.
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