Economist

The World Bank, Washington DC, United States

Skill Required:, Finance and Accounts
Preferred Experience: 
5 years
Closing Date for Applications: 
30th May, 2019


Job Description

About the World Bank Group:

Established in 1944, the WBG is one of the world’s largest sources of funding and knowledge for development solutions. In fiscal year 2018, the WBG committed $67 billion in loans, grants, equity investments and guarantees to its members and private businesses, of which $24 billion was concessional finance to its poorest members. It is governed by 188-member countries and delivers services out of 120 offices with nearly 15,000 staff located globally.

The WBG consists of five specialized institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID). The World Bank is organized into six client-facing Regional Vice-Presidencies, several corporate functions and thirteen Global Practices to bring best-in-class knowledge and solutions to regional and country clients.

THE ROLE OF THE GLOBAL PRACTICE FOR MACROECONOMICS, TRADE and INVESTMENT (MTI) IN THE WBG:

On January 1, 2018, Economics, Finance and Institutions (EFI) Vice Presidency created the Macroeconomics, Trade and Investment (MTI) Global Practice. MTI is a joint IBRD and IFC team, comprised of some 450 staff, with almost half of MTI professional staff decentralized to the field working closely with the Country Management Units (CMUs) and in proximity to the clients. MTI houses the Bank’s country economists together with trade economists and specialists, debt and macro modeling experts, competition, business environment and investment policy experts who work together to support countries in their search for private sector led, inclusive growth. MTI offers integrated solutions to macroeconomic and private-sector focused structural reform programs. In doing so, MTI staff often serve integrative functions working closely with other GPs.

MTI staff work across a wide array of Bank instruments ranging from Development Policy Operations to IFC-funded advisory projects, combining the strength of Bank analysis and lending with longstanding IFC expertise in providing implementation support at the country level. MTI staff often lead or participate in the preparation of Strategic Country Diagnostics for both the public and private sectors, as well as other analytic tools such as Country Economic Memorandum and Country Private Sector Diagnostics. Knowledge and learning is a central part of MTI’s work focused on 9 thematic areas: (a) macroeconomics; (b) fiscal policy; (c) growth; (d) economic management in resource rich environments; (e) macroeconomic modelling & statistics; (f) trade and regional integration; (g) competition policy; (h) investment policy and promotion; and (i) business regulation.

The economist would join MTI’s Global Investment and Competition unit focused on investment policy and promotion, competition policy, and applied research.

Roles & Responsibilities:

The Global Investment and Competition Unit in the MTI Global Practice is seeking an experienced micro and fiscal economist with strong conceptual and analytical skills, solid knowledge and understanding of investment climate issues, and excellent writing skills. Knowledge and experience with World Bank Group operations is highly desirable.

Specific tasks and responsibilities will include:

  • Lead the unit’s analytical and thought leadership work on investment incentives, including methodologies for cost-benefit analysis and providing technical assistance to client countries.
  • Lead the development and application of new methodologies for measuring FDI’s contributions to development, including through linkages with local firms and through maximizing FDI’s welfare and distributional benefits at the household level. Foster collaboration with the Poverty Global Practice and other WBG teams measuring welfare effects of policy reform.
  • Lead several aspects of the unit’s work on global value chains, with emphasis on assessing the relationship between FDI and GVC participation, locational determinants of FDI in GVC sectors, and role of FDI and GIVCs in Sub-Saharan Africa.
  • Lead the design of new methodologies to estimate the future impact of services liberalization and increased FDI flows in an economy. Apply the methodologies in select countries.
  • Produce policy research papers on a variety of investment competitiveness topics, including chapters in the future editions of the Global Investment Competitiveness Report.
  • Provide intellectual leadership and background research papers on a variety of economic and investment policy topics for management discussions, decision meetings, corporate reporting, flagship publications, and client-facing interactions.
  • Contribute to the flagship WBG analytical and diagnostic reports in select countries; the reports include Strategic Country Diagnostics, Public Expenditure Reviews, Country Economic Memoranda and Country Private Sector Diagnostics.
  • Contribute to other research and analytical initiatives of the investment policy and applied research groups, as requested.

Selection Criteria

  • Minimum of a Master's degree in economics, with five years of experience.
  • Strong technical and operational skills as evidenced in a proven track record in delivery of Bank Work Group (or similar) operations and analytics.
  • Strong theoretical base in macroeconomics, microeconomics, tax and fiscal policy and analysis, and investment climate issues.
  • In-depth economic knowledge and analytical skills – possesses a demonstrated track record of working with analytical teams.
  • Knowledge and experience in the development arena – understands policy making processes and distills operationally relevant recommendations/lessons.
  • Proven sense of initiative, results orientation, as well as effective teamwork skills.
  • Strong communication skills, including the ability to speak persuasively and to present ideas clearly and concisely with senior policy officials.
  • Strong integrative capacities across technical topics and economic frameworks.
  • Client orientation – together with colleagues takes responsibility and accountability for timely response to client queries, requests or needs, working to remove obstacles that may impede execution or project success.
  • Drive for results – able to take personal ownership and accountability to meet deadlines and achieve agreed-upon results.
  • Business judgment and analytical decision making – analyzes facts and data to support sound, logical decisions regarding own and others’ work.
  • Teamwork, collaboration, and inclusion.
  • Excellent communication and presentation skills -- both verbal and written. Demonstrated ability to communicate clearly on complex topics to a wide variety of audiences.
  • Excellent interpersonal and negotiations skills and ability to work flexibly, creatively and to multitask as the need arises.
  • Strong commitment towards team work and knowledge sharing, especially across the World Bank Group.

Source:https://worldbankgroup.csod.com/ats/careersite/JobDetails.aspx?id=2938&site=1


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