Economic Analysis and Project Evaluation Consultant

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Technical Support
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2000000006 Requisition #

Economic Analysis and Project Evaluation Consultant

 

Background of this search:

 

Adding to the embedded vertical logic of the Bank operations, the recently improved procedures for development effectiveness evaluation require the development of socioeconomic and financial assessments (typically, Cost Benefit Analysis (CBA) or Cost Efficiency Analysis (CEA)). Also, to accompany the prior, the analysis justifying the existence of an effective unsatisfied demand (Demand Analysis) has become especially relevant to ensure the need for the public intervention. On the other hand, the development of an Evaluation Plan describing the strategies and actions that should be implemented to identified and quantify the effects of the program is also a core requirement of the operation procedures (Impact Evaluation (IE) and/or other evaluation alternatives).

 

Market failures in financial markets are exceedingly difficult to quantify given that the root of these problems typically lies on an asymmetric distribution of information which is, by definition, unobservable. In all these cases, adequately addressing the analytical demands of a CBA, evaluation plan, and justification of demand requires careful examination of the existing conditions, available information, and the characteristics of the program under consideration.

 

Finally, as part of the continued efforts to improve the allocation of resources, the Bank has increased the quality requirements for Project Completion Report (PCR). The new PCR evaluation methodology is primarily objective-based where projects are evaluated against its intended outcomes and outputs. This objectives-based evaluation methodology is the basis for the project’s performance ratings. The PCR describes the influence of the main factors that bear on an operation’s success or lack thereof. It assesses and rates the ex-post relevance of the project’s goals; the degree to which the project achieved its development objectives and delivered outputs as set out in the project documents; the efficiency with which results were achieved, and the mitigation of risks for the sustainability of results achieved and expected. Additionally, the PCR draws recommendations that can be applied to the execution of ongoing operations and the design of future operations.


The team’s mission:
 

The Connectivity, Markets and Finance Division works to develop financial solutions and risk mitigation structures to promote greater mobilization of private sector resources towards priority development objectives. Areas of focus include: i) productive development with special emphasis on the cross-cutting issues of climate change impact, gender diversity and inclusion, as well as technological modernization ii) broadband infrastructure financing and ii) the management of natural disaster risks and adaptation to climate change

 

What you’ll do:

  • Support the development and concretion of the vertical logical of IFD/CMF operations in tailored Results Matrix following the development effectiveness guidelines.
  • Conduct Cost-Benefit, Cost-Efficiency and Demand Analyses aligned with the economic logic of specific IFD/CMF operations, often in a context of limited information.
  • Develop and implement adequate approaches to carry-out general economic analyses, including financial conditions analyses (providing qualitative and quantitative evidence for the presence of significant credit restrictions and other financial frictions).
  • Suggest, discuss and develop appropriate methodologies to carry-out CB analyses for new areas in the Division such as digital economy. Collaborate and negotiate with other divisions, particularly the The Office of Strategic Planning and Development Effectiveness (SPD), to achieve this objective.
  • Evaluate the feasibility of developing user-friendly quantitative models (implemented in Excel or other platforms) that could be used to analyze a standard project/component.  
  • Develop results indicators and evaluation plans (including budgeting) for IFD/CMF operations, often in a context of limited information. Support in performing descriptive analyzes of program data, including arming and identification of the most relevant variables;
  • Use state-of-the-art quantitative econometric methods when necessary to tease out causal links and relationships
  • Collaborate closely with the division’s specialists advising on the best course of action regarding data collection, analytical methods and techniques, and consistency with the operations’ objectives in the aspects related to CB-CE analyses, IE plans, Demand Analyses, and Project Completion Reports (PCR).
  • Support the preparation of Project Completion reports (PCR).
  • When needed, guide and supervise external consultants in the implementation of CB-CE analysis, IE plans (including budgeting), and Demand Analysis, and other related economic analyses associated to programs supported by the Division.
  • Coordinate with external clients when necessary (information, methodologies, budget) to effectively implement CBA, IE plans, and DA.
  • Support the dialogue with the counterparts in the strengthening the information systems and databases and in the process for digitalization.
  • Maintain a fluid collaboration with SPD in order to align all the mentioned analysis, reports and plans to IDB’s guidelines.
  • Review and assess when necessary the work of external consultants in other CMF-related assignments.
 
Reports
  • Reports containing the CBA/CEA exercise and methodology
  • Reports containing the Results Indicators
  • Reports containing the evaluation plan and methodology
  • Reports containing the Demand Analysis exercise and methodology
  • Project Completion Reports according to the new methodology.
  • Report of discussion of the methodologies with SPD staff.
  • Report containing detailed CB methodology for new research areas in the Division such as digital economy.

What you’ll need:

  • Citizenship: You are a citizen of one of our 48-member countries.
  • Consanguinity: You have no family members (up to fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB Group.
  • Education: Master’s degree in economics, statistics, public policy or related fields.
  • Experience: 5 years of relevant work experience (with experience with economic analyses, CBA, CEA, Demand Analyses, Impact Evaluation and working knowledge of the financial sector).
  • Languages: English and Spanish fluency

Core and Technical Competencies:

  • Ability to summarize and state complex economic concepts in simple terms.
  • Effective communication skills and ability to explain complex concepts.
  • Ability to work independently to find solutions to complex problems related to CBA, IE, DA and economics in general.
  • Ability to engage actively and effectively with multiple teams, delivering in a timely manner and contributing to the team’s decisions.
  • Ability to negotiate with internal and external clients.
  • Ability to leverage soft and hard data to make timely decisions.
  • In-depth knowledge of economic theory and applied quantitative methods.
  • In-depth knowledge of alternative sources of economic information relevant for Latin-America and the Caribbean.
  • Basic understanding of the Bank’s operational procedures.
 
Opportunity Summary: 
  • Type of contract and modality: Consultant.
  • Length of contract: 12 months
  • Location: Washington DC, United States of America, with eventual travel to the countries where the projects are being developed.
  • Requirements: You must be a citizen of one of the IDB’s 48 member countries and have no family members currently working at the IDB Group.  
 

Our culture: Our people are committed and passionate about improving lives in Latin-America and the Caribbean, and they get to do what they love in a diverse, collaborative and stimulating work environment. We are the first Latin American and Caribbean development institution to be awarded the EDGE certification, recognizing our strong commitment to gender equality. As an employee you can be part of internal resource groups that connect our diverse community around common interests.

 

We encourage women, afro-descendants, people of indigenous origins, and persons with disabilities to apply.

 

About us: At the IDB, we’re committed to improving lives. Since 1959, we’ve been a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. We do more than lending though. We partner with our 48-member countries to provide Latin America and the Caribbean with cutting-edge research about relevant development issues, policy advice to inform their decisions, and technical assistance to improve on the planning and execution of projects. For this, we need people who not only have the right skills, but also are passionate about improving lives.

 

Our team in Human Resources carefully reviews all applications.

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