Description
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.
IFC is seeking to recruit an Extended Term Consultant (ETC) to assist with IFC’s development activities in the Maldives. The ETC will support the IFC’s country program in the Maldives, including new business development and maintaining cordial relationships with both internal and external stakeholders of IFC. The ETC may also be assigned additional responsibility as deemed necessary by the Country Management Unit. The position will report to the Country Manager for India and Maldives, while the Country Coordinator for IFC in Maldives will provide supervision and guidance.
Roles and Responsibilities
• Establish and maintain relationships with clients and other key stakeholders (private sector, government, NGOs, media, development partners, WBG) to explore straightforward business opportunities.
• Support identifying and assessing investment opportunities based on country and sector strategies and market creation potential.
• Contribute to developing feasibility studies and implementation plans for upstream projects that lead to IFC investments.
• Provide regular updates on the macro-fiscal and political economy context and new economic developments.
• Become a focal point for required analytics, data, information, etc., required by various industry teams and the Management.
• Support Country Coordinator in day-to-day business operations.
• Produce regular reports on the assigned program, including monitoring progress against project milestones and KPIs.
• Work with the World Bank to analyze sector and regulatory reforms that are needed to unlock opportunities for private investment.
• Other assignments as required by the Country Management Unit.
Selection Criteria
• Master’s degree in a related field and at least 3–6 years of relevant experience. Related fields of education include business, finance, or economics or an area of expertise specific to a sector, subject matter, or industry specialty.
• Relevant experience could include a proven track record in business consulting or, banking, or government, or a donor organization, or operational experience in the sector or technical or professional field.
• Understanding of the country context and ability to link policy reforms, advisory interventions, investment, and mobilization to deliver solutions at a country level via the Cascade approach.
• Ability to engage with private sector clients and key government and other stakeholders to encourage pioneering business and market development.
• Demonstrates active listening skills by paying full attention and asking questions to clarify client and stakeholder needs and gather required information.
• Ability to interact effectively with clients and stakeholders by acting professionally, responding to their requests and inquiries, delivering what is promised, and meeting deadlines.
• Outstanding analytical and critical thinking skills.
• Strong written and verbal communication skills in English.
World Bank Group Core Competencies
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