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Principal Economist, Development Impact and Measurement Department - Economics
International Finance Corporation (IFC)
Job Expired 17 Apr 2024
Posted 1 month ago
Job 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 in developing countries. In fiscal year 2023, IFC committed a record $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. For more information, visit

The Development Impact Measurement Department (CDI) is part of the Economics & Private Sector Development Vice Presidency (CED). It is responsible for developing methodologies and assessing the development impact of IFC investments. This includes implementing the ex-ante development impact framework (the Anticipated Impact Measurement and Monitoring system or AIMM); measuring development impact during the investment project life cycle; conducting ex-post empirical evaluations; and collaborating with and convening the global impact investing community. 

The CDIIR team is seeking to recruit a Principal Economist to make significant contributions to the on-going development and implementation of IFC impact management systems, including AIMM, reporting on the WBG Scorecard, reporting on additionality, and all other internal and external reporting on development results for IFC. Working with the range of colleagues in CDI and beyond, the selected candidate will lead data analytics for real-time decisions and help build IFC’s internal capacity to strengthen the decisions of private sector development programs based on development impact data.

The Principal Economist will work closely with other staff and managers in the Department, under the overall supervision of the Manager for Development Impact Reporting (CDIIR). We are looking for a motivated and dynamic professional, with exceptional analytical skills and policy-relevant experience, expertise in private sector development and application of impact frameworks, and team spirit. The position is based at IFC’s headquarters in Washington, D.C.

Duties and responsibilities

The roles and responsibilities of the position are focused on generating high-quality and operationally relevant data from the AIMM system and to allow for corporate reporting substantively on the development impact of IFC investments. Specific duties and responsibilities include the following:

Lead coordination of the AIMM process:
•  Lead, in collaboration with CDI managers, development, implementation, and rollout of enhancements to the ex-ante AIMM framework, including development of the process and systems to ensure consistent application of the enhancements, and are seamlessly integrated into the current AIMM processes.
•  Lead implementation of the ex-post AIMM process, working closely with CDI staff to ensure the adequate monitoring of the portfolio, including the terminal year assessments for investments.
•  Support CDI management in reporting to the Board and other stakeholders on AIMM overall, working with the team.
•  Establish a feedback loop between AIMM implementation, and foster improvements to ensure continuous improvement in the relevance and reporting of impact of IFC. 
•  Oversee the continuous improvements of the IT platform for AIMM.
•  Coordinate all the training for operational staff and management on AIMM, in collaboration with the CDI Leadership team and economists. 
•  Coordinate CDI’s engagement on reforms to the self-evaluation processes for Investments.

Coordinate and lead reporting on Development Results for IFC in collaboration with CDI Leadership:
•  Coordinate and work with the relevant CDI staff on data reporting for the Corporate Scorecard. 
•  Support the CDIIR manager in working with specific cross-cutting working groups to report on the Scorecard, such as jointness, results narratives, PCE etc. 
•  Support the CDIIR manager on the write-up for the section on development impact for key strategy reports, such as the quarterly reports to the Board, the Annual report etc. 
•  Manage the external assurance process with our assurance providers along with relevant staff in the Department.
•  Lead the quality assurance process for reporting on the data for the Scorecard and undertake all analysis of the data as needed. 
•  Coordinate reporting on jobs across the Department. 

Thought Leadership on Results Measurement Issues:
•  Lead the econometric and qualitative analysis as needed comparing the ex-ante and ex-post AIMM scores.
•  Proactively conceptualize and support the thinking on methodological improvements on AIMM. 
•  Provide analytical inputs for the implementation of IFC’s portfolio approach.

Lead reporting on additionality:
•  Implement the new tracking approach on additionality through the AIMM system. 
•  Provide timely inputs into key strategic documents on the additionality of our operations overall. 

Lead RM Support for specific client groups
•  Work with team members who support specific investor and client-facing teams in reporting on IFC results such as AMC and Syndications. 
•  Support and present IFC’s impact framework and measurement systems at specific investor meetings upon request from the teams.

Selection Criteria

•  Masters in Economics, Public Policy, Business Administration and 12+ years of relevant experience in leading and implementing M&E systems and process, including impact management frameworks for private sector operations. 
•  Deep experience in results measurement systems development, implementation and management.
•  Outstanding track record in working on developing impact frameworks (log frames, Theories of change) and hands-on experience in leading on M&E support for investment and advisory operations, and/or for projects in a range of sectors. 
•  Experience in conceptualizing, developing and writing development impact reports, and a proven track record on reporting on development results to range of external stakeholders.  
•  Proven hands-on experience in areas related to private sector development, including evaluating the development impact of private sector operations, and policy reforms for promoting private investments in areas such as financial services, manufacturing, agriculture, services, infrastructure and/or disruptive technologies.
•  Strong analytical and quantitative skills, including econometric approaches, modeling.
•  Demonstrated track record of publishing development impact reports and/or evaluations for internal and external audiences in topics related to private sector development and IFC’s thematic areas of focus.
•  Commitment to the WBG and IFC’s mission and values. 
•  Ability to analyze complex policy problems and develop new and innovative approaches.
•  Demonstrated ability to operate in a collaborative manner in a matrixed, highly complex and global organization. 
•  Effective and persuasive oral and written communication skills. 
•  Ability to cultivate an active network of relationships inside and outside the organization and to represent IFC publicly as needed.
•  Ability to lead and mentor junior staff.
•  Computer skills: Strong STATA skills (other packages such as R, Python, are a plus), and advanced knowledge of Microsoft Office (PowerPoint, Excel, Word).

World Bank Group Core Competencies

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.

This position is no longer open.