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, visitwww.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 (CSEIM) composed of research economists and the CSE unit for Results Measurement and Corporate Reporting (CSECR) that support 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 Department is looking to recruit an Economist in the Sector Economics and Development Impact Department for the unit serving the Manufacturing, Agribusiness and Services operations (CSEMA). The Economist will focus on agribusiness investments in the Africa and Middle East and North Africa (MENA) regions 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, 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.
Duties and Accountabilities
- Undertake economic analysis associated to the agribusiness sector including agribusiness AIMM framework; development impact assessments of investment projects (supported by team members); board papers and management reports; economic input into Investment Review Meetings for agribusiness projects.
- Work closely with and support the CSE team across a number of tasks, including the day-to-day economic input into MAS investment and advisory projects and oversee tasks, timelines and staff and consultants; and perform other tasks as requested by CSE management.
- Design and lead rigorous analytical work analyzing trends and developments in the agribusiness sector 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 the sector.
- Monitor and assess structural reform progress in MAS sectors, agribusiness in particular, focusing on privatization, liberalization of market entry and economic governance issues.
- Support the articulation and measurement of the economic impacts of agribusiness (including forestry) industry, and of projects in these sectors undertaken by the IFC: by implementing AIMM, and 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, and rate projects.
- Support 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.
- Work closely with Advisory Services colleagues, especially as it relates to investment projects with Advisory Services engagements. This includes supporting results measurement colleagues with the AIMM system for Advisory Services (AIMM4AS) projects.
- Collaborate and support agribusiness upstream initiatives with IFC’s Upstream team.
- Contribute to CPSDs, country strategies and sector knowledge.
- Prepare briefs, reports, and presentations to various stakeholders including senior management and the Board as well as external stakeholders.
Selection Criteria
- A post graduate degree in Economics or closely related field from a reputable university with solid training in quantitative and qualitative research methods. A Ph.D. in economics (with at least 5 years of relevant experience) would be a plus.
- At least 3 – 7 years of experience pertaining to economic analysis of agribusiness (sector dynamics, emerging trends, development impacts) and MAS markets, demonstrating analytical and research skills, including track record of working on preparing economic papers and sector strategies in areas related to this sector.
- Thorough understanding of the agribusiness sector and production structure, the determinants of sector competitiveness and the impacts and implications of different economic policy frameworks, including trade and tax policy.
- Experience on development impact measurement of private sector investment projects in DFIs is also required: this may include design of development impact assessment frameworks; understanding of private sector development in emerging markets; assessing the development impact of agribusiness projects in emerging markets. Knowledge of IFC and its processes is a strong plus.
- Familiarity with academic and business literature, databases and other sources of information, on agribusiness, and MAS markets, demonstrated through the preparation of reports and economic papers; ability to identify gaps in research, suggest and prepare research programs.
- Strong analytical and quantitative skills and ability to write robust research papers. Proven capability to handle complex assignments (e.g. project related or analytical tasks with operational relevance) and produce analytical work to a high professional standard, with minimum supervision. Strong credit analysis skills is a plus.
- Proven project-management experience, including managing tasks and activities, designing research programs, allocating tasks to other team members, and managing resources. Ability to draft papers for governmental institutions or DFIs is a plus.
- 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.
- Ability to work effectively in teams, communicate ideas clearly and confidently, articulate issues and recommend solutions with a demonstrated ability to build partnerships for success, through engaging in open discussion with key stakeholders to conceptualize and implement solutions.
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