The Central Bank of Lesotho invites applications from suitably qualified Lesotho Nationals for two positions of Principal Economist in the Department of Research. This is a middle management and professional position with good career prospects.

Objectives of the Department

The Research Department is the technical arm of the Bank with the following core functions:

1. Monitoring events in the economy in order to provide information vital for the formulation and implementation of monetary policy.

2. Monitoring domestic and international economic developments for use in the Bank's periodic reports, economic policy formulation, analysis and implementation.

3. Producing macroeconomic forecasts and undertaking research on topical economic issues.

Duties & Responsibilities

Reporting directly to Director of Research Department, the incumbents will perform the following duties:-

-          Serve as a key person for all technical work in the Division.

-          Ensure production of timely and quality economic statistics.

-          Supervise production of periodic publications and ensure quality through editing and coordination of various review meetings.

-          Constantly monitor economic developments and promptly highlight issues arising there-from.

-          Conduct economic research on topical economic issues and supervise sectional economists in doing same.

-          Ensure regular update of data and structural features of the Bank’s macroeconomic model.

-          Ensure production of macroeconomic forecasts on a periodic basis.

-          Participate in selected Technical Committees of the Bank and Government.

-          Prepare and monitor the annual budget of the Division.

-          Prepare and monitor the implementation of annual work programme of the Division.

-          Attend mid-level management meetings and handle administrative duties of the division. 

Qualifications and Experience

-          MA or MSc in Economics.

-          A minimum of seven years relevant experience, three of which are in a senior managerial position.

-          Applicants must have strong educational background in macroeconomics and econometrics.

Other Requirements

-          Good communication skills

-          Good analytical skills

-          Good interpersonal skills and ability to work under pressure.

-          Preparedness to work beyond normal working hours and weekends.

Letters of application including a comprehensive Curriculum Vitae, certified copies of certificates, academic transcripts and letters from two referees (to whom it may concern will not be considered) must be sent or delivered to:

Senior Manager, Recruitment and Training

Central Bank of Lesotho

Corner Airport & Moshoeshoe Roads

P O Box 1184

Maseru - 100

Closing Date:  Friday 12 September 2008

Please note: Only shortlisted candidates will be contacted.