Thinking of a Career in Emergency Management?
- BY Nicole Pelette
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 vision of the WBG is to eradicate extreme poverty by reducing the number of people living on less than $1.25 a day to 3 percent by 2030, and promote shared prosperity by fostering the income growth of the bottom 40 percent in every country. To achieve this vision, our strategy has three components: (1) maximizing development impact by engaging country clients in identifying and tackling the most difficult development challenges; (2) promoting scaled-up partnerships that are strategically aligned with the goals; and (3) crowding in public and private resources, expertise and ideas.
The architecture underpinning the strategy and instrumental to its success is the establishment of fourteen Global Practices (GPs) and five Cross-Cutting Solution Areas (CCSAs) that, in concert with the WBG Regions, will design solutions that address clients’ most pressing developmental challenges, and ultimately, enable the WBG to meet its twin goals of eliminating extreme poverty and boosting shared prosperity.
Recognizing that governments often have a small window of opportunity for reform, the Macroeconomics, Trade and Investment (MTI) GP’s Investment Climate Advisory Services team (ICAS) offers a unique response capability able to respond swiftly to client demands, leveraging expertise from across MTI and the World Bank Group delivering integrated, multi-instrument solutions. ICAS works hand-in-hand with governments to design IC reform programs in the context of a broader competitiveness agenda; determine priority areas for reform in the short, medium and long term; set clear targets with measurable results; and strengthen the institutional capacity of public-private dialogue mechanisms and inter-ministerial reform committees.
By leveraging a comprehensive approach that addresses the legal, regulatory, procedural and institutional barriers affecting all phases of the investment and business lifecycle, as well as our staff presence on the ground, ICAS helps countries establish a competitive investment climate that is favorable for attracting, retaining and leveraging investment for business-led growth.
Capable of mobilizing a wide range of Bank Group instruments, including advisory services and analytics (ASAs), technical assistance and advisory services as well as reimbursable advisory services (RASs), to help developing countries. Our implementation-focussed experts draw on the knowledge curated by our global teams to deliver integrated solutions designed to meet the needs and circumstances of our clients.
The South Asia Region comprises eight countries (Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka) that range in size from India (with a population of over 1 billion) to Maldives (with 0.3 million people). The region has experienced a long period of robust economic growth, averaging 6% a year over the past 20 years. It was the second-fastest growing region in the world in the aftermath of the global crisis. This strong growth has translated into declining poverty and impressive improvements in human development. The percentage of people living below the poverty line fell in South Asia from 61% to 36% between 1981 and 2008. The proportion of poor is lower now in South Asia than any time since 1981. Still, the South Asia region is home to many of the developing world's poor. According to recent poverty estimates, about 250 million people in the region are below the poverty line, and they make up more than 33% of the world's poor.
South Asia has played, and will continue to play, an important role in the global development story. It has the world's largest working-age population, a quarter of the world's middle-class consumers, more than 15 million people entering the work force each year, and persistent deep development challenges such as being the home for 42% of stunted children, the world’s highest neonatal mortality and women anemia rates, huge tolls from natural disasters, a declining labor force participation and abnormal gender wage gaps. With inclusive and sustainable growth, and a focus on human capital development, South Asia has the potential to change global poverty.
COUNTRY AND POSITION CONTEXT
The World Bank Group’s (WBG) program in India is the largest in the South Asia Region with around 103 projects currently under implementation with a net commitment of around $27.5 billion. In cumulative terms, India is the largest single combined (IBRD and IDA) client. The India portfolio is large and diverse with projects at both the central and state levels spanning across key infrastructure, finance, governance and human development sectors. The new Country Partnership Framework (CPF) FY18-21 has been finalized.
The Government of India has prioritized the creation of jobs, through the promotion of manufacturing investments, as a key pillar of its strategy for economic growth. The MTI ICAS team has been supporting the Government in implementing business regulation reforms, promoting investment strategically, and in bringing about reforms to facilitate trade. The Private Sector Specialist is envisioned to lead MTI ICAS engagements in each of these areas, and work collaboratively with other parts of the World Bank Group to ensure that the strategic priorities of the IFC, the World Bank Group and the Government of India are achieved.
Roles & Responsibility:
The Private Sector Specialist will be the country coordinator for India as part of the MTI ICAS team, leading various operational advisory activities and services. Duties will include, but are not be limited to, the following: