Senior Economist at International Finance Corporation (IFC)

International Finance Corporation (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 developing countries. The Bank Group has set two goals for the world to achieve by 2030: end extreme poverty and promote shared prosperity in every country.

We are recruiting to fill the position below:

Job Title: Senior Economist

Job #: req23625
Location: Lagos, Nigeria
Sector: Economics
Grade: GG
Term Duration: 3 years 0 months
Recruitment Type: International Recruitment

Duties & Accountabilities
The team is looking for a Senior Economist, to be based in Lagos, Nigeria to lead the CAFCE work program contributions in the Central and Anglophone West Africa sub-region, working closely with the respective country, industry, and advisory teams on the ground. This will include:

• Lead the monitoring of macro-economic conditions and trends for countries in a designated IFC country cluster within the sub-region, and advise the IFC Regional Director, Country Manager, and operational teams on its impact on IFC operations. Help identify macro-economic risks to IFC investments and strategies to mitigate them.
• Lead, review, coordinate macro-economic analysis to support IFC investment operations including due diligence. Draft and peer review relevant sections of IFC Board papers including country context and strategic fit.
• Provide intellectual and technical leadership on topics of economic or strategic relevance to IFC, and produce policy and technical notes, briefs, presentations, and country reports for as requested by country management.
• Lead, contribute, and review Country Private Sector Diagnostics, Country Climate Development Reports, and provide IFC input to WBG Country Engagement products, including Country Partnership Frameworks, Progress and Learning Reviews and other joint initiatives.
• Serve as liaison with local and HQ World Bank teams (esp. CMU, EFI), IMF, and other development partners on the ground as well as client governments to help ensure that IFC engagements are aligned with WBG strategies and government development strategies.
• Lead the support for IFC Country Manager and teams in the country cluster to develop IFC country strategies/ strategy updates to help maximize IFC development impact.
• Support the development of industry strategies in the region. Monitor and support the implementation of Country Private Sector Diagnostic recommendations, sectoral deep dives, and policy reform implementation.
• Facilitate interaction and exchange of expertise and knowledge with the broader IFC Economics VPU and CAF Region. Lead on analytical work/ research on selected topics that inform IFC country programs and strategies as well overall PSD research agenda.
• Mentor and support junior colleagues with technical and professional leadership.

Selection Criteria

• Master's or Ph.D. Degree in Economics / International Development / Public Policy or Business / Finance, with strong grounding in economics both from academic and practical experience perspective with a minimum of 10+ years (PhD with 7+ years) of relevant professional experience.
• Strong analytical skills in macroeconomic, fiscal, trade policy and growth analysis, including related to climate change.
• Demonstrated leadership in applying economic theory and concepts, and to contribute to discussions with internal clients on topics of economic or strategic relevance.
• Solid understanding of IFC project cycles, approval/decision processes, and key drivers of IFC business decision making as well as knowledge and understanding of key IFC/WBG products and instruments and how they are deployed to pursue private sector development and country engagement.
• Experience in and strong knowledge of the economic context and challenges of countries in Africa.
• Demonstrated leadership qualities, initiative, and results orientation, with effective teamwork and mentoring skills.
• Excellent written and verbal communication skills and ability to communicate effectively with high level stakeholders in English (French and Portuguese desirable).

Application Closing Date
3rd August, 2023.