Do you want to build a career that is truly worthwhile? The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty and promoting shared prosperity. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org.
Western and Central Africa (AFW) Region
We need the best and brightest talent focused on Sub-Saharan African countries in order to harness the potential and innovation happening across the continent. Africa is a continent on the move, with a young population and a growing market of nearly 1.2bn people. We are committed to making the Africa regional teams into leading innovation hubs. Yet, these vast opportunities are tempered by persistent gaps in education, health, and skills, which have Africa only reaching forty percent of its estimated potential. Moreover, conflict, food insecurity, population growth, and the disruptive forces of climate change threaten to curtail or even reverse the progress that has been made over the past decades.
In West and Central Africa, the World Bank is a leading partner with a growing portfolio of 387 projects totaling more than $44.1 billion in areas such as agriculture, trade and transport, energy, education, health, water and sanitation- all to support job creation, gender equality, poverty reduction, and better lives. Across the continent, the World Bank’s program has nearly doubled over the last 10 years. By 2030, about 87% of the world’s extreme poor are projected to live in Sub-Saharan Africa, so this is where our mission to end extreme poverty and to promote shared prosperity will be achieved.
Are you ready to make an impact? We are looking for dedicated professionals to join our innovative and diverse team to improve people’s lives and help countries build back better after COVID.
Western and Central Africa (AFW) Region: https://www.worldbank.org/en/region/afr/western-and-central-africa
Equitable Growth, Finance and Institutions Practice Group
Equitable Growth, Finance and Institutions (EFI) Practice Group (PG) support economic policies and legal, regulatory and institutional reforms to enable equitable and sustainable growth and to reduce poverty.
The Finance, Competitiveness and Innovation Global Practice
The Finance, Competitiveness and Innovation (FCI) Global Practice combines expertise in the financial sector with expertise in private sector development to foster private-sector led growth and help create markets in client countries. For more information: https://www.worldbank.org/en/about/unit/fci
The recruitment is for an Extended Term Consultant to support the Bank’s private sector development program out of the Country Office in Accra, Ghana.
Ghana, a resource-rich country on the west coast of Africa, has achieved considerable economic and social progress in the past 30 years.
The country successfully achieved middle-income status in 2011 because of strong, sustained economic growth averaging over 5 percent since the early 1990s. This was underpinned by a stable democracy and driven largely by gold and cocoa exports and, following their discovery in 2006, the development of substantial oil and gas reserves.
Ghana achieved the first Millennium Development Goal of halving poverty from 52.7 percent (1993) to 23.4 percent (2016) which propelled Ghana to the forefront of poverty reduction in Africa. Political stability, investment and rising productivity, a large expansion in agricultural production, and rapid urbanization, all contributed to this remarkable progress.
Notwithstanding these impressive gains, the pace of poverty reduction has slowed in recent years, spatial inequalities persist, and vulnerabilities are increasing. More than 20 percent of Ghana’s population are still living in poverty with the poor concentrated in the three northern regions where poverty rates remain above 50 percent. Notwithstanding the natural resource sector being a strong driver of Ghana’s impressive growth, it has not generated the needed widespread employment opportunities to lift large numbers of people out of poverty, particularly in the North. Despite significant progress in service delivery and human capital, disparities in access and quality persist across many dimensions, while rapid urbanization has brought rising pressures on services and living conditions within cities. These trends have been complicated by unsustainable natural resource exploitation and Ghana’s high susceptibility to climate change which could increase the share of the population living below the poverty line by 2 to 6 percent by 2030.
High natural resource dependence and gaps in fiscal governance are likely to create economic volatility, impact macroeconomic management and elevate the cost of finance for the private sector. Export concentration (in gold, cocoa, and petroleum) has exposed the economy to fluctuations in global commodity prices. High fiscal deficits and increasing public debt have elevated Ghana’s country risk, limited FDI in non-commodity sectors, and increased the cost of finance for private businesses.
Job duties and responsibilities
Include, but are not limited to, the following main tasks:
The Private Sector Specialist (ETC) will coordinate private sector development and economic growth activities, strengthen the relationship with counterparts in country and otherwise enable the implementation of activities in Ghana. These will include:
- Support the FCI dialogue in country with a focus on private sector development: support the policy dialogue with counterparts on issues relating to private sector development, particularly focusing on creating opportunities for investments supporting economic transformation and employment.
- Serve, when needed, as team member or act as co-TTL (Task Team Leader) for lending operations, advisory, and analytical work, and contribute to the delivery and quality of financing and knowledge engagements, provide inputs to other Global Practices (MTI, GOV, etc.) on private sector related issues.
- AAA & Advisory work: support the development and implementation of high-quality AAA and advisory work. Lead/support policy dissemination events with policy makers, stakeholders, and private sector.
- Support the dialogue with the CMU and with the region: prepare inputs for WPA discussions, strategic documents such as CPFs, SCDs and CPSDs.
- Relationship management: cultivate strategic relationships with government counterparts and other key stakeholders
- Collaboration within WBG: Coordinate and work with the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) as needed on relevant diagnostics, advisory work and operational activities.
- Development Partner Collaboration: support the partnership with the development partner community and facilitate/participate in formal and informal meetings with key development partners, civil society, private sector representatives, and other stakeholders.
- At least 5 years of relevant professional experience in private sector development since completing a relevant university degree (e.g., in Economics, Business, Public Policy), with solid knowledge in one or more topic areas covered by the FCI Global Practice, such as innovation and entrepreneurship, small and medium enterprise development, trade and export promotion, investment climate reforms, competition policy, productivity and other issues affecting competitiveness.
- Proven ability to conceptualize, help design and implement projects and to produce major/complex reports or studies.
- Excellent writing and presentation skills in English.
- Capacity to lead dialogue with senior counterparts and influence policy discussions at the national and subnational level on private sector development issues.
- Prior experience with World Bank instruments will be a plus.
- Demonstrated team player who can work as a member of a multi-disciplinary and multi-cultural team, motivate and lead group efforts and network effectively across boundaries.
- Commitment to the WBG twin goals of eliminating extreme poverty and improving shared prosperity.
How To Apply For This Job
Interested persons should CLICK HERE TO APPLY ONLINE
DEADLINE: 12th October, 2022