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THE ROLE OF THE GLOBAL PRACTICE FOR FINANCE, COMPETITIVENESS AND INNOVATION (FCI) IN THE WBG
As of January 1, 2018, EFI created the Finance, Competitiveness and Innovation (FCI) Global Practice, bringing together Finance and Markets (F&M) and Trade and Competitiveness’ (T&C’s) private sector development specialists. Finance, Competitiveness and Innovation is comprised of about 700 staff working across more than 120 countries. The new Global Practice will capitalize on the synergies between F&M and T&C in fostering private-sector led growth. It will work toward creating an enabling environment in which financial stability, efficiency and firm-level solutions are provided in an integrated way to crowd in the private sector, support the creation of markets, and accelerate equitable growth. FCI also houses the IFC Implementation Units focused on implementing public sector advisory work in support of the finance and entrepreneurship agenda across all six regions.
About one third of FCI professional staff are decentralized to the field working closely with the CMUs and in proximity to clients. FCI professionals also lead or participate in a wide variety of ASA and client advisory work that add to the core expertise delivered to client countries. Knowledge and learning is a central part of the FCI agenda, with work focused on the following thematic areas: (a) Financial Stability and Integrity; (b) Long Term Finance; (c) Financial Inclusion and Infrastructure; (d) Industry Solutions; (e) Firm Capabilities and Innovation; and (f) Climate and Risk Management. FCI will work closely with the other newly formed Global Practice for Macroeconomics, Trade and Investment (MTI) on systematic country diagnostics, country strategies, policy lending and other private sector diagnostics, ASA and lending activities.
Duties and Accountabilities:
The selected candidate will report to the Practice Manager on Finance, Competitiveness and Innovation (Africa 1) and will be assigned to the support FCI RAS Programs and other operations to which FCI contributes, focusing on project preparation, implementation and supervision on the ground in Angola. This will include supporting the task team leaders (TTL) and other team members in designing, preparing and delivering complex, multi-sectoral technical
assistance tasks, coordinate policy advice and support key technical analytics. Activities will include:
Project management: support to carry out necessary project preparation and implementation activities to ensure timely delivery of high-quality advisory services to the client. This includes technical inputs on finance and competitiveness issues, participation in technical missions and follow-up on implementation status, as well as close attention to financial management, procurement and safeguards (social and environmental);
Undertake analytics in their core area of competency, and support analytics in other areas;
As needs arise, work on specific activities of RAS implementation, including contributing to high-quality advisory services on business environment and financial sector reform;
Contribute to prepare and deliver research reports and policy memos based on analytical findings; and play an active role in the planning and dissemination strategy to promote policy uptake of evidence-based recommendations;
Support multi-sector teams (from Bank and IFC) in delivering technical assistance in the general areas of private sector growth, financial sector, competitiveness and diversification;
Provide Support to the WBG policy dialogue with the Government and the Central Bank in these areas. This work may include preparation of briefing notes, policy memos, technical workshops, and support to strategy development;
Support capacity building in Angola from both the public and private sector side to share international best practice, this includes coordinating the organization of workshops, arranging of study tours etc;
Supervise implementation to ensure activities are completed on time and to the general satisfaction of the Government of Angola;
Support the preparation of technical FCI inputs in their area of expertise to the country level strategic policy dialogue (including Systematic Country Diagnostic and Country Partnership Framework), cross-support to relevant components in operations or analytical work managed by other GPs (investment operations or development policy grants);
Other tasks as requested by the Practice manager or task team leaders.
Selection Criteria
The successful candidate will have:
Masters’ degree in Economics, Business, Finance, Public Policy, Law, or closely related field.
At least 5 years of relevant professional experience on finance and competitiveness issues (investment climate, financial inclusion and infrastructure, financial stability), in the public or private sector (government, international organization, private company, non-government organization, etc.).
Strong conceptual and analytical skills, ability to understand and analyze complex problems and to identify solutions. Good command of microeconomics, or related fields is preferred, as are econometric skills.
Strong knowledge of issues affecting investment, finance, and competitiveness in Angola. Knowledge of the political economy of reforms in Angola is an asset. International experience is an advantage.
Strong project management skills.
Strong interpersonal skills and ability to communicate and liaise effectively with clients.
Motivated, driven and committed to World Bank Group’s development goals.
Collaborates with other team members and contributes productively to the team’s work and output, demonstrating respect for different points of view.
Excellent oral and written English and Portuguese language skills are essential. Prior experience in authoring or making substantive contributions to policy publications/reports is preferred.
Ability and willingness to prepare and supervise projects.