Thinking of a Career in Emergency Management?
- BY Nicole Pelette
Established in 1944, the World Bank Group (WBG) is one of the world’s largest sources of funding and knowledge for development solutions. The WBG consists of five specialized institutions: The International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID).
The International Finance Corporation (IFC) is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, the Corporation uses over six decades of experience to create opportunities where they are needed most. Private sector financial development is essential to the promotion of successful and sustainable economies in low- and middle-income countries around the world. Sound and efficient financial markets can ensure that resources are allocated where they are most productive, assisting job creation and spurring economic growth.
IFC has embarked on an ambitious new growth strategy, the outcome of which will be to double our volume of business by 2030 and triple the work we do in Low Income Countries (LICs) and Fragile and Conflict affected States (FCS). To do so, IFC will need to deploy its full range of financing, mobilization, advisory, convening and thought leadership skills. This also calls for the need to generate our own opportunities by proactively working “Upstream” to create, deepen, and expand markets and opportunities for the private sector and to imagine, design and implement investment projects. This strategy also relies on a closer WBG collaboration through the “Cascade” approach: working with clients, we will first seek private sector solutions to address development challenges—where such solutions are advisable and can be effective—and reserve public financing for projects only when other options are suboptimal.
IFC is looking to recruit a Country Manager responsible for the following cluster of countries: Mozambique, Angola, Zambia and Botswana. This position is based in Luanda, Angola.
The Country Manager will play a critical role in operationalizing IFC3.0/Creating Markets strategy and enabling the Cascade at the country level. He/she will be responsible, in close collaboration with the WBG counterparts, for developing operational country strategies and action plans and for driving their implementation. The Country Manager will oversee an outstanding portfolio of approximately US$298 million and an active program of US$26.7 million in Advisory Services projects. This cluster of countries generated annual investment commitments of around US$143 million (including mobilization) per year on average in the last 3 fiscal years and includes an active Advisory Services program. The prospects for continued growth in both investment and advisory activities are very good. While the cluster of countries may change, the mandate of the Country Manager will be to significantly build the portfolio, develop new opportunities for IFC in the cluster and enhance our impact.
The Country Manager will be responsible for all IFC's activities in the cluster of countries while managing a multidisciplinary team of 20 investment, advisory services and support staff on the ground. This will require close interactions with corporate clients, governments, counterparts at the World Bank and other multilateral/bilateral institutions, as well as internal coordination within IFC with Industry Department Directors and Managers, Advisory Services Managers and constituent Executive Directors. The Country Manager will report to the Regional Director, Southern Africa.
Duties and Accountabilities