Economist

Job Posting Organization:
The International Finance Corporation (IFC) is a member of the World Bank Group and is recognized as the largest global development institution focused on the private sector in emerging markets. Established to promote economic development through the private sector, IFC operates in over 100 countries worldwide. The organization leverages its capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record US$43.7 billion to private companies and financial institutions in developing countries, aiming to end extreme poverty and boost shared prosperity, especially as economies face the challenges posed by global crises. The IFC 3.0 strategy is designed to stimulate investment activity across emerging markets, particularly in Low-Income Countries (LICs) and Fragile and Conflict-affected States (FCS). This strategy focuses on creating, deepening, and expanding markets while developing impactful investment projects, supported by improved diagnostics and strategic engagement with the public sector.

Job Overview:
The Economist position at IFC is pivotal in contributing to the analytical and strategic outputs that shape the operations of the unit. The role encompasses a wide range of responsibilities, including the production of macroeconomic reports and various diagnostics such as Country Private Sector Diagnostics (CPSDs) and Country Climate Development Reports (CCDRs). The Economist will also be involved in delivering reform advisory projects, thereby playing a crucial role in enhancing the private sector ecosystem at both country and regional levels. The ideal candidate will be a motivated and dynamic professional with strong analytical skills and experience in private sector development policy. The position is based in Rabat, Morocco, and requires a commitment to the mission and values of the World Bank Group and IFC.

Duties and Responsibilities:
The Economist will operate under the general supervision of the manager of Country Advisory and Economics for North, West, and Central Africa. Key responsibilities include: Monitoring the macroeconomic situation to support IFC investment operations, including conducting due diligence and contributing to relevant project documents for the IFC Cote d’Ivoire cluster. Leading the monitoring of economic and policy conditions and trends for countries within the Cote d’Ivoire cluster, identifying potential risks to IFC investments, and advising the IFC Regional Director, Country Managers, and operational teams on strategies to mitigate these risks. Providing intellectual and technical input on topics of economic or strategic relevance to IFC, and producing or supporting the production of policy and technical notes, briefs, presentations, and country reports as requested by senior management. Contributing to the development of Country Private Sector Diagnostics, Country Climate Development Reports, and providing input to World Bank Group Country Engagement products, including Country Partnership Frameworks and Progress and Learning Reviews. Engaging in the design of reform dialogue and reform advisory projects, and facilitating knowledge management by exchanging expertise and knowledge with the broader IFC Economics VPU and Industries Departments.

Required Qualifications:
Candidates must possess a Master’s or Ph.D. degree in economics, international development, public policy, or business/finance, with a strong grounding in economics from both academic and practical perspectives. A minimum of 5 years of relevant experience is required. Candidates should demonstrate a commitment to the mission and values of the World Bank Group and IFC, alongside strong analytical skills in macroeconomics and sector analysis. A proven track record in translating analyses into policy dialogue and programs that support private sector development is essential. Familiarity with IFC project cycles, approval processes, and critical drivers of IFC business decision-making is advantageous. Knowledge of key IFC/IDA/IBRD/MIGA products and instruments, as well as their application in pursuing private sector development and country engagements, is also beneficial.

Educational Background:
The position requires a Master’s or Ph.D. degree in economics, international development, public policy, or business/finance. This educational background should provide a strong foundation in economic principles and practices, equipping candidates with the necessary skills to analyze and address complex economic issues relevant to the private sector in emerging markets.

Experience:
Candidates should have a minimum of 5 years of relevant experience in economics or related fields, with a focus on private sector development. Experience in macroeconomic analysis, policy development, and project management is highly desirable. Familiarity with the economic context and challenges specific to North Africa will be considered a plus, as will experience in engaging with high-level stakeholders and representing the organization in public forums.

Languages:
The mandatory language for this position is English, with proficiency in French considered a preferred asset. Excellent written and verbal communication skills in both languages are essential for effective interaction with high-level stakeholders and for producing high-quality reports and presentations.

Additional Notes:
This position is a local recruitment opportunity with a term duration of 3 years. The role is full-time and offers comprehensive benefits, including a retirement plan, medical, life and disability insurance, and paid leave, including parental leave. The World Bank Group is committed to diversity and inclusion, ensuring equal opportunities for all candidates regardless of gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.