Country Economist at the Islamic Development Bank (IsDB)

The Islamic Development Bank (IsDB) is a multilateral development bank (MDB) which funds its projects and other developmental activities using Islamic finance. Hence, the name “Islamic”. Founded in 1975, the IsDB is headquartered in Jeddah, the Kingdom of Saudi Arabia. The purpose of the Bank is to foster economic development and social progress of its member countries.

We are recruiting to fill the position below:

Job Title: Country Economist

Location: Abuja
Business Unit: Operations Complex
Division: Country Rel.&Ser. Africa & Latin America
Department: Country relations and services Africa & Latin America

Job Purpose

• The Country Economist (CE) is the key RH team member to ensure a successful country engagement. The CE technically leads the Member Country Partnership Strategy (MCPS) and Country Engagement Framework (CEF) formulation process and provides all the needed support and coordination to ensure the delivery of high-quality MCPS and CEF processes and their constituting documents. This entails coordinating and finetuning all the inputs from internal and external stakeholders.
• Technical support to all Regional Hub strategic, operational, and programming engagements with MCs, including reviewing and mapping the potential macroeconomic and sectoral impact on the existing IsDBG portfolio. Moreover, the CE regularly reviews the MCs' new policies, strategies, and national development plans to guide the Regional Hub’s programming in line with the MCs’ priority sectors and areas for intervention.
• Act as the knowledge and Resource Centre for the IsDB Group for their economic and development solutions by providing an overview of country-level macro-economic data, developmental trends, and thematic and sector information.
• Review the assistance strategies of major development partners and their sectors/themes of focus, in addition to capturing the status and potential of coordination between IsDB and other development partners.
• Participate in discussions with MCs governments and other developmental partners to identify collaboration opportunities that address Member Countries’ needs and align with IsDB’s priorities.

Key Accountabilities
Planning & Programming:

• Lead the preparation of MCPS and CEF and relevant multi-task teams to ensure their effective formulation and implementation.
• Provide inputs and participate in Programming, Economic Sector Work (ESW), and Country Diagnostic Studies (CDS).
• Support the preparation of project documents from an economic perspective.
• Engage, communicate, and collaborate with the broader team in the Bank in order to enhance the rigor of and advice on cross-cutting and sectoral issues in the MCs.
• Regularly reviews the MCs' new policies, strategies, and national development plans to guide the Regional Hub’s programming in line with the MCs’ priority sectors and areas for intervention.
• Participate in discussions with MCs governments and other developmental partners to identify collaboration opportunities that address Member Countries’ needs and align with IsDB’s priorities

Analysis And Review:

• Prepare and review, country-level macroeconomic reports, developmental trends, and thematic and sector information.
• Analyze macroeconomic data in the project documentation prepared in collaboration with COM, OTLs, and PMSs.
• Review regularly and map macroeconomic issues and sectoral impact on the existing IsDBG portfolio.
• Conduct analytical work and identify developmental challenges in the MCs as part of the MCPS and how IsDB can address them.
• Design a Monitoring & Evaluation Framework (M&E Framework) for all concerned activities to assess the effectiveness and impact of MCPS and CEF.
• Review the assistance strategies of major development partners and their sectors/themes of focus, in addition to capturing the status and potential of coordination between IsDB and other development partners.

Knowledge Building And Sharing:

• Monitor and assess emerging challenges and trends in the MCs.
• Contribute to transferring knowledge of local economic insights from MCs to other CEs and employees within IsDBG.
• Contribute, coordinate, and represent in annual and periodic events conducted by the Regional Hub, such as: Seminars, Regional Workshops, and capacity-building workshops.

Reporting:

• Act as an advocate and reference on all economic reports related to the MCs in the Regional Hub.
• Engage, communicate, and collaborate with the interdisciplinary teams in the Bank to enhance the rigor and advice on cross-cutting and thematic issues in MCs.
• Lead the periodical preparation of Country Briefs.
• Contribute to the engagement of the Hub with government officials and equivalent contacts with other international organizations, partner entities, and other external constituencies and expert groups.
• Conduct peer review and provide feedback on all economic reports/data prepared by peers Economists within CP Directorate.

Academic and Professional Qualifications:

• Master’s Degree in Economics, International Development or a related field.
• Minimum 7 years of experience as an economist, of which 3 years in a multilateral development bank or relevant experience at the Ministry of Finance/ Economic Planning/ Central Bank, etc.

Skills & Necessary Knowledge:

• Proficient Statistical Theory Knowledge
• Proficient in R, Python, Stata or EViews
• Proficient Knowledge of Emerging Economies Issues
• Proficient Economic Modeling Skills
• Proficient Econometric Modeling Skills
• Proficient Multidimensional Indicator Development Skills
• Proficient Operational Modeling Skills

Languages:

• English : (Mandatory)
• French : (Mandatory)
• Arabic : (Preferred)

Application Closing Date
3rd September, 2023.

Method of Application
Interested and qualified candidates should:
Click here to apply online