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Private Sector Development – Defined Term Contractual (DTC)

Date Posted
13th November 2017
Banking & Financial Services, Consulting & Project Management
Job Type
Not Disclosed

Job Summary

The contractual will provide operational and analytical support for interventions that will stimulate the growth of the private sector in Suriname, specific focus should be given for MIF and Compete Caribbean II.

Job Description

Main activities

The contractual will work with the management team of the IDB Country Office and the MIF Specialist in Trinidad & Tobago to identify and implement projects for private sector development with specific focus on MIF and Compete Caribbean II and analyses in collaboration with other units of the Bank. The contractual will inter alia execute the following activities:


Analysis, Project Identification, and Design

  1. Compile lessons learned from previous operations; participate in the design of operations; supporting the preparation of project documents and monitoring project approval timelines.
  2. Participate in the preparation of drafts of project profiles and operational plans for technical cooperation projects.
  3. Participate in institutional capacity and risk analysis, preparation of project budgets, results frameworks and fiduciary plans for execution.
  4. Identify possible sources of parallel and co-financing to complement Bank’s actions in the sector.
 Project Execution and Monitoring 
  1. Provide technical support to executing agency staff and other stakeholder on Bank operational policies and processes throughout the project execution the as well as preparation of, and prepare annual operating and execution plans, procurement plans, disbursement requests and another project documentation.
  2. Participate in the preparation of project supervision plans, monitoring and results reports, and follow up on their recommendations. Identify deviations from original plans and propose corrective actions. Supports the preparation of monitoring reports and other metrics developed to help in monitoring project risks, targets and impacts
  3. Prepare and review terms of reference to ensure that project activities are consistent with procurement and annual operating plans; review procurement bidding documents and consultant contracts to ensure conformity with Bank policies; verify compliance of products and services with agreed standards, and prepare draft communications to executing agencies accordingly.
  4. Accompany Sector and Fiduciary Specialists on technical, fiduciary and administration visits to executing agencies, and follow up on recommendations from these visits. Coordinate the organization of project-related missions and workshops. Maintain sector and fiduciary files and systems updated.
  5. Review documentation on contractual conditions and process corresponding actions; review requests for contract and program modifications; follow up on pending contractual clauses; and maintain information on these clauses in corresponding Bank systems.
  6. Analyze disbursement requests, validating eligibility of expenses; set up disbursements and other financial transactions related to projects in the Bank's Loan Management System for supervisor's validation; and assist in the analysis of budget transfers. Monitor disbursement projections in close coordination with the Sector and Fiduciary Specialists.
 Closing of Operations 
  1. Participates in Project Closure workshops; collects relevant data for the preparation of the Project Completion Report (PCR); and follows up on the evaluation recommendations. 
Reports / Deliverables
In carrying out the services, the contractual will be expected to:
  • Undertake travel to the location of Executing agencies to conduct inspection visits or convene other meetings
  • Participate in operations meetings organized by the IDB Country Office
  • Participate in Quarterly Review Meetings with the Government and the Bank, as required.
  • Work in accordance with Bank’s guidelines.


  • Academic Degree/ Level & Years of Professional Work Experience: Bachelor’s degree in Business Administration, Economics, Finance or similar studies. Certification in Project Management would be an asset. At least three years of relevant professional experience, some of which would preferably have been in the areas of Project Management, Public Administration and strategic planning. 
  • Languages: Excellent written and oral communication skills in English are required. Working knowledge of Spanish is an asset.
  • Areas of Expertise: Experience in administration of projects financed by multilateral development institutions or other external donors would be an asset.
  • Technical and other skills:
  • Excellent communication skills are essential for this position. These should include skills in public speaking, face-to-face interaction, and the writing of material relevant for public-private events as well as publications.
  • Strong planning, organization and time management skills to function in a team and contribute towards a common goal;
  • Ability to manage multiple tasks and projects;
  • Capacity to explain unfamiliar concepts in easily understandable terms to mid- and high-level government officials as well as other stakeholders such as diaspora groups;
  • Capacity to function effectively as a member of a multi-disciplinary team, to search for common ground, to resolve problems, and where appropriate, to recommend decisive action;
  • Willingness and ability to travel.
  • Proven track record in the definition, discussion, supervision and implementation of technical cooperation projects involving a diversity of stakeholders. 
  • Familiarity with the Inter-American Development Bank (IDB) and knowledge of the IDB organization as well as instruments and procedures for approval and administration of projects.
Characteristics of the Consultancy
  • Contractual category and modality: Defined Term Contractual, Monthly
  • Contract duration: 19 months
  • Place(s) of work: Representation of the IDB in Suriname
  • Supervision: The Contractual will be supervised by the MIF Specialist in Trinidad & Tobago. The Chief of Operations in Suriname, who coordinates the Bank’s portfolio of projects will supervise the contractual on a day to day basis, providing guidance/training on operational matters. The contractual will work in coordination with the Operations team in Suriname, as well as FMP Fiduciary Specialists assigned to Suriname.
Payment and Conditions: Compensation will be determined in accordance with Bank’s policies and procedures. The Bank, pursuant to applicable policies, may contribute toward travel and moving expenses. In addition, candidates must be citizens of an IDB member country.
Visa and Work Permit: The Bank, pursuant to applicable policies, may submit a visa request to the applicable immigration authorities; however, the granting of the visa is at the discretion of the immigration authorities. Notwithstanding, it is the responsibility of the candidate to obtain the necessary visa or work permits required by the authorities of the country(ies) in which the services will be rendered to the Bank. If a candidate cannot obtain a visa or work permit to render services to the Bank the contractual offer will be rescinded

Consanguinity: Pursuant to applicable Bank policy, candidates with relatives (including the fourth degree of consanguinity and the second degree of affinity, including spouse) working for the Bank as staff members or Complementary Workforce contractual, will not be eligible to provide services for the Bank.
Diversity: The Bank is committed to diversity and inclusion and to providing equal opportunities to all candidates. We embrace diversity on the basis of gender, age, education, national origin, ethnic origin, race, disability, sexual orientation, religion, and HIV/AIDs status. We encourage women, Afro-descendants and persons of indigenous origins to apply.

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