Do you want to build a career that is truly worthwhile? Working at the World Bank provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank consists of two entities – the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). It is a global development cooperative owned by 189 member countries. As the largest development bank in the world, the World Bank provides loans, guarantees, risk management products, and advisory services to middle-income and creditworthy low-income countries, and coordinates responses to regional and global challenges. For more information, please visit www.worldbank.org.
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. FCI’s core lines of business are: (a) Financial Stability & Integrity; (b) Financial Inclusion, Infrastructure & Access; (c) Firm Capabilities & Innovation; (d) Long-Term Finance; (e) Climate & Risk Management; (f) Markets and Technology; and (g) Investment and Competition. For more information, please visit https://www.worldbank.org/en/about/unit/fci
Eastern and Southern Africa: Home to about half a billion of Africa’s people, Eastern and Southern Africa is a geographically, culturally and economically diverse region of 26 countries stretching from the Red Sea in the North to the Cape of Good Hope in the South. Children under 18 make up almost half of the total population. The subregion boasts of some of the world’s richest human and natural resources and, apart from South Africa, the countries are predominantly raw material exporters.
The subregion harbors some of Africa’s protracted conflicts, rendering many of its countries fragile, while significant gaps in education, health, and skills development continues to keep people from reaching their full potential. This creates a huge development challenge, impacts heavily on the lives and livelihoods of people, and hinders regional integration and trade. But it also creates an opportunity to work closely with country leaders, civil society, development partners, and young people to chart a brighter course for the future.
The World Bank’s Eastern and Southern Africa Region, comprised of approximately 1,207 staff, mostly based in 26 country offices, has been helping countries realize their considerable development potential by focusing on the following priorities:
The World Bank is a dedicated partner for Eastern and Southern African countries, helping them deliver strong development outcomes for their people. A brighter future for Africa is a better future for the world.
The ETC position is based in the FCI Eastern and Southern Africa team in Dar Es Salaam with a proposed primary focus on the Tanzania work program, though work on other countries may evolve. With the largest economy and population in the East Africa Community (EAC), Tanzania reached middle-income status in 2020 but the economy was affected by the ramifications of the COVID-19 global pandemic and is struggling to revive strong private sector growth and improve economic productivity that would create enough jobs for its fast-growing youth population. Transformation to a more modern industrialized economy that would accelerate job growth and higher incomes requires the strengthening of the investment climate and conducive government policies for increasing private investment and entrepreneurship. Financially inclusive, gender-empowered private sector growth is enshrined in the World Bank Group’s (WBG’s) Systematic Country Diagnostic (SCD) and Country Partnership Framework (CPF) and is at the heart of the Bank’s dialogue with the authorities, who are demanding increasing assistance from FCI on this agenda. In the context of the global pandemic the timing is critical to support the client’s commitment to structural reforms necessary to unlock economic growth, by strengthening the Bank’s engagement and expert resources around financial and private sector development and competitiveness issues.
This position offers an opportunity to be an integral part of the Bank’s engagement to support this reform process and represent FCI in a key role in the country engagement. Work includes contributing to knowledge and advisory activities following a recent private sector diagnostic conducted jointly by the World Bank and the Ministry of Finance and Planning in 2021, contributing to the dialogue with client counterparts on the private sector agenda, and contributing to and supporting any lending operations including those supporting the economic response to Covid-19.
Amongst other things, the candidate will be expected to:
This job requires a seasoned Private Sector Development (PSD) professional with strong client relationship management, technical and operational skills. The following qualifications will be considered:
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.
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Note: The selected candidate will be offered a one-year appointment, renewable for an additional one year, at the discretion of the World Bank Group, and subject to a lifetime maximum ET Appointment of two years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their second-year ET appointment are not eligible for future ET appointments.