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**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 general 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. This strategy is, in part, premised on improved country/sector diagnostic, strategic, and public sector engagement capabilities, which seek to: 1) resolve obstacles to private sector growth via diagnostic and strategic work that informs both IFC operations and relevant IBRD/IDA policy operations; and 2) overcome the shortage of investable projects in priority markets by proactively improving the private sector ecosystem at the country and regional level.

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.



CAE collaborates across IFC industry and country teams, the World Bank, and external stakeholders (development partners and government clients) to achieve this vision.
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.
- Significantly contributing to WBG analytical products such as Systematic Country Diagnostics (SCD), Country Private Sector Diagnostics (CPSDs), Country Climate and Development Reports (CCDR), and WBG strategies such as the Country Partnership Framework and IFC's Country Strategies.
- Support IFC's operations such and Board Papers (BP) and IBRD/IDA lending operations.
- Support the implementation of IFC's country strategy and diagnostic recommendations through advisory projects that engage with governments, regulators, civil society, development partners, and other relevant stakeholders to reform markets and sectors and address critical bottlenecks to private sector development.

The role will entail close collaboration with units across Latin America, the Caribbean, and Europe, as well as with global industry departments, the Economics and Private Sector Development Vice-Presidency, IBRD/IDA, MIGA, and external organizations.

**Roles and Responsibilities**
- Demonstrate sound judgment in assessing emerging market dynamics and the feasibility/timing of private sector engagement,



considering the barriers to private sector development and IFC's role.
- Provide advice and influence discussions of economic/strategic relevance in expertise with peers, senior colleagues, and management.
- Maintain both a broad, strategic perspective and focus on critical details.
- Build depth of expertise and breadth of experience while building a solid professional network across the IFC and WBG.
- Demonstrate credibility with IFC internal clients and senior management and is considered a resource person with the ability to influence technical, policy, and strategy discussions.
- Identify/Interpret underlying intentions and drivers of Board priorities.
- Guide, advise, mentor, and coach others to develop and broaden their scope of skills & knowledge in the Economic stream and identify methods to address professional development opportunities.
- Interpret and explain IFC business at corporate, industry, and regional levels, its product offerings, and key characteristics of its pipeline/portfolio to identify critical touch points and avenues for influence and adding value.
- Describe existing and potential intersections between IFC / WBG activities in client countries. Explain how WBG instruments can be leveraged to expand sustainable private sector development and promote market creation.
- Leverage IFC and WBG networks to stay current on interventions and emerging policy issues and collaborate on joint work.
- Promote a shared understanding of IFC's needs, strategic direction among teams, and how their work relates to these.
- Reflect sophisticated economic/analytical rigor and understanding in written work.
- Produce and tailor comprehensive reports/ analytical work to different audiences to ensure an accurate understa

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📌 Senior Economist (Bogotá)
🏢 World Bank Group
📍 Bogotá