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 in developing countries. In fiscal year 2023, IFC committed a record US$43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises.
Sound financial systems underpin economic growth and development, and are crucial to the World Bank Group’s mission of alleviating poverty and boosting shared prosperity. Also, tapping into capital markets is needed to attract additional sources to help finance global development goals, which are projected to require.
Income inequality in Latin America and the Caribbean remains high, despite significant progress the region has made in reducing poverty over the past few years. IFC works to foster inclusive growth, boost innovation, and strengthen regional integration. In the fiscal year ended in June 2020, our long-term investments in the region totaled a record $7.1 billion, including a record $4 billion mobilized from other investors, enabling investments to foster sustainable growth across the region, create jobs and fight the impacts of the COVID-19 pandemic.
IFC’s Country Advisory and Economics Unit delivers on IFC’s capital increase commitments by providing a foundation for IFC to increase private sector investment opportunities. CAE addresses key reform asks in IFC country strategies, complementing World Bank efforts, while strengthening IFC’s relationships with client countries in support of the IFC 3.0 Strategy. Specifically, CAE works proactively with governments and regulatory agencies to create effective and efficient market conditions, both at economy wide as well as industry/sector level, for increased private investments. Our global experience shows that challenges in the business environment and lack of the right enabling regulatory framework results in countries losing significant amounts of investment annually. The unit collaborates extensively with the public sector, private sector and other teams across the World Bank Group in the design and delivery of advisory services.
IFC’s focus in Latin America and the Caribbean is on promoting Inclusive Growth, Competitiveness and Innovation, Regional and Global Integration, and Climate Change. CAE currently operates across the Latin America and the Caribbean region, with an active portfolio in Brazil, Colombia, Dominican Republic, El Salvador, Eastern Caribbean States, Guatemala, Haiti, Honduras, Jamaica, Paraguay, and Peru.
In this role, the selected candidate will serve as an Operations Officer for the CAE team in the IFC office in Panama City, Panama. He/she will work closely with IFC teams from other business lines (Upstream, Investments and Advisory) as well as World Bank staff to design and ensure implementation of reforms that address bottlenecks faced by investors in IFC’s priority sectors, using a variety of WBG tools and offerings. He/she will play a leading role executing strategic initiatives to enhance the CAE practice in LAC, with a strong focus on Central America, innovate new projects and build new business in line with the WBG/IFC country strategy, and deliver high quality advisory engagements with public sector counterparts and the private sector. The selected candidate will report to the CAE Manager for Latin America.
The selected candidate will be responsible for providing technical and operational support for the implementation of financial sector reforms. In this respect, the focus will be to ensure the CEA portfolio is responsive to IFC’s investment commitments and priorities, as well as to build new business given the potential market, client needs and strategic commitments, aligned with the IFC business plan for LAC as needed.
Client and Stakeholder Management:
Design and Operationalize Solutions:
Create and Share Knowledge and Build Capacity:
Staff Supervision:
Selection Criteria:
Source: https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=27178&site=1
Create and Share Knowledge and Build Capacity:
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