IFC — a 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. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet. For more information, visit www.ifc.org.
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). We aim 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. Country Advisory and Economics Unit for North, West, and Central Africa within the Africa Vice Presidency was recently established due to the re-organization to drive the strategy.
CAE supports IFC operations through strong analytics and government-facing reform advisory. In this role, CAE serves as a critical bridge between IFC and IDA/IBRD. To support the operations, we are seeking a motivated and dynamic recent graduate of an undergraduate program to spend 2 years with us (the extension is non-negotiable) based in Lagos, Nigeria. The position is designed as an entry-level position to offer a young aspiring professional an opportunity to experience IFC before graduate school.
Duties and Accountabilities:
• Support the Manager to monitor the portfolio of advisory projects
• Support drafting project concept notes, diagnostic & scoping, and proposals summarizing research findings, strategic alignment, and potential impacts for internal review. Help prepare draft key documents such as PSRs, PCRs, PCNs under the supervision of TTLs (collect indicators, budget data…)
• Support client engagement by preparing briefs and background materials for meetings as needed (business development, Annual Meetings, etc).
• Help develop presentations, organize workshops, or other tools to facilitate reform advisory interventions with clients. Support hiring of resources, firm of consultants as needed and help in overall budget monitoring process.
• Develop tracking tools or dashboards to streamline portfolio monitoring in coordination with TTLs.
• Support team to conduct sector-specific research to identify growth opportunities and risks within industries relevant to IFC’s portfolio, such as energy, agribusiness, and digital in coordination with TTLs and Manager. Support the development of Strategic Notes in this area.
• Help identify potential regulatory or policy barriers to investment and develop recommendations to address them together with regional CAE team.
Selection Criteria
• Bachelor’s degree in the relevant areas, economics, political science or business
• Minimum 2 years of works experience in relevant field
• Demonstrated analytical and conceptual skills proven in previous employments – samples will be required
• Keen interest in Africa and multicultural environments with an understanding of DFIs
• Previous experience of having lived and studied in West and Central Africa is a requirement
• Ability to communicate clearly and concisely both orally and in writing, excelling in power point and dashboard tools for project monitoring and budgeting
• Fluency in English required, additional languages a plus
World Bank Group Core Competencies
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Note: The selected candidate will be offered a one-year appointment, renewable at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their third-year ET appointment are not eligible for future ET appointments.
