Economist (Project Economics)  

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrowinfrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 109 approved members worldwide. We are capitalized up to USD100 billion and rated AAA by the major international credit rating agencies. Working with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

The Economics Department is responsible for providing thought leadership within AIIB and ensuring the economic sustainability of projects financed by AIIB. These include preparing the Asian Infrastructure Finance, one of AIIB’s annual flagship publications; reviewing projects to ascertain economic viability; undertaking economic analysis of selected projects; monitoring macroeconomic developments; conducting applied research; and analyzing country and sector infrastructure needs.

The Economics department is looking to hire an economist in the Project Economics pillar to provide analytical support to our operational teams and to our members. The Economist will be responsible for managing various aspects of the AIIB’s projects related workstream within the Economics Department, including reviewing projects, conducting economic analysis, contributing to research, and participating in selected projects. The position requires a unique combination of academic, operational and strategic knowledge, and a strong desire to contribute to equitable and sustainable development for all.

The Economist’s key responsibilities include but are not limited to:

• Coordinate/lead the departmental review of investment projects and provide substantive advice and comments on the economic rationale and quality of economic analysis.
• Conduct economic analysis of selected projects involving but not limited to (a) cost-benefit analysis, (b) project impact assessment, (c) macroeconomic and developmental profile including debt sustainability analysis.
• Contribute to designing and appraisal of policy-based loans and results-based loans by focusing on economic and sectoral analysis. Participate in dialogue with government officials and other stakeholders on policy reforms.
• Contribute insightful articles, data analyses and policy recommendations to enhance the quality of AIIB’s flagship annual publication Asian Infrastructure Finance, thematic reports, working papers and blogs.
• Undertake collaborative research, distribution, networking, and capacity building activities with knowledge institutions across the world.
• Collaborate with colleagues or subject matter experts in other departments to design projects and identify selected projects where the Economics Department can better bring out the developmental impact.
• Assist in the organization of seminars, workshops and roundtables to build up staff capacity and outreach of AIIB studies.
• Work closely with the Chief Economist and Manager on other assigned tasks important to the Economics Department.

Knowledge, Skills, Experience & Qualifications

• An applied economist with postgraduate degrees in economics (PhD is preferred), and minimum 5 to 8 years of relevant experience in international organizations, investment banks, think tanks or financial institutions.
• Strong knowledge and experience in designing and evaluating infrastructure projects, especially policy-based loans and results-based loans will be an advantage.
• Excellent econometric analysis and theoretical modelling skills are required. Proficiency in common statistical software, modelling software, and data visualization, such as Stata, Python, R, MATLAB, is required.
• Proficiency in oral and written English and solid communication skills.
• High sense of integrity, ethics and accountability.
• Proven track record to work independently and in a team setting, and to adapt and work under tight deadlines and in a multicultural environment.

AIIB is committed to diversity, transparency, and inclusion. We believe our strength comes from having a team with the right diverse skills, experiences and abilities selected through a merit-based competitive process. We actively encourage applications from people from both within and outside AIIB members, regardless of nationality, religion, gender, race, disability, or sexual orientation.

Join in AIIB’s mission to promote sustainable infrastructure investments and to improve social and economic outcomes in Asia and beyond.

Previous experience and qualifications will determine the grade and job title at which successful applicants will enter AIIB.

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