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 more than 16,000 staff located globally.
Infrastructure Practice Group Vice Presidency Overview
The Infrastructure Vice Presidency is charged with developing sustainable solutions to help close infrastructure gaps in developing and emerging economies. It comprises Energy and Extractives (EEX), Transport, Digital Development, and Infrastructure Finance, Public-Private Partnerships & Guarantees (IPG). The World Bank’s active portfolio in Infrastructure consists of 400 operations, implemented by a workforce of over 700 staff in headquarters and 82 country offices. The core values guiding our work include our passion for sustainable poverty reduction, our willingness to put the needs of the client at the center of all our activities, and our honesty and integrity as a common currency.
Energy and Extractives (EEX): Overview
The EEX Global Practice includes 340 staff in Washington DC and country offices. Staff are encouraged to work across unit boundaries to maximize client support and optimize resource allocation. The EEX GP portfolio includes active projects for over US$30 billion, with annual new commitments of about US$ 6 billion and a rich program of Advisory and Analytical Work. The World Bank Group supports the Sustainable Energy for All initiative, and is committed to working towards accomplishing the initiative’s three goals by 2030: i) universal access to electricity and clean cooking fuels; ii) doubling the share of the world’s energy supplied by renewable sources from 18 percent to 36 percent, and iii) doubling the rate of improvement in energy efficiency. In terms of extractive industries, about 3.5 billion people live in countries rich in oil, gas or minerals. Many of these countries suffer from poverty, corruption and conflict stemming from weak governance. Too often, mineral, oil and gas resources have become a source of conflict rather than opportunity.
The EEX GP consists of the following units:
- Regional facing units for Africa, Latin America and Caribbean, Middle East and North Africa, East Asia and Pacific, South Asia, and Europe and Central Asia, which are led by Practice Managers, and under the leadership of the EEX Directors, which oversee and develop lending and non-lending activities in different subsectors including renewable energy, energy efficiency, utility reforms and capacity, power system development, grid and off-grid access, regulatory and policy reforms.
- Extractives unit, led by a Practice Manager, which oversee and develop lending and non-lending activities in mining and hydrocarbon development with particular emphasis on transparency, governance, capacity building, and gender opportunities.
- Energy Sector Management Assistance Program (ESMAP) unit, led by a Practice Manger, which provide analytical and advisory services to achieve the Sustainable Development Goal 7 that is to ensure access to affordable, reliable, sustainable and modern energy for all.
- The Energy and Extractives Global Practice is committed to support the achievement of the Sustainable Development Goal (SDG7) to help ensure access to affordable, reliable and modern energy for all to help eradicate extreme poverty and create shared prosperity. Energy is a key input to economic growth needed to end extreme poverty, while extractives generate substantial revenues for poverty reduction and socio-economic development. Universal access to affordable, reliable, and sustainable energy is key for ensuring economic opportunity and prosperity. The energy sector plays a pivotal role in the fight against climate change. The extractives sector, if managed well, can boost shared prosperity through co-development of infrastructure, local economic development, skills, and jobs.
We are seeking a Senior Economist who will report to the Senior Director and located in Washington DC. The Senior Economist will work in the following areas:
- Strategy: support EEX Practice Managers in the development of their regional strategies, including analytical underpinnings.
- Economics: support EEX Manager in economic and sector work in the EEX GP, including Advisory Services and Analytics (ASA) and economics of lending operations.
- Community: Contribute to foster a community of economists inside the EEX GP to promote high-quality research, analysis, and dialogue with other GPs across the Bank and outside on issues relevant to EEX GP.
- Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 4-year term appointment.
Duties and Accountabilities
The Senior Economist will be responsible for the following areas:
- Draws on thought leadership and implementation know-how to ensure high impact multi-sectoral solutions;
- Lead teams in the preparation of major reports related to global and regional energy issues in collaboration with regional staff and management;
- Contribute to knowledge initiatives by the Infrastructure Vice Presidency;
- Quality assurance of analytical work prepared in the EEX Practice;
- Lead or Participate in drafting position papers and technical working documents for wider circulation;
- As part of a larger team, take the lead in preparing chapters of larger reports involving the analysis, evaluation and preparation of data, as well as formulating conclusions and recommendations;
- Active participant to the community of practice of economics, institutions and regulation, including preparation of operational strategies, knowledge products, and activities related to the technical quality assurance, staff learning and knowledge exchange;
- Represent the EEEX GP in external events, through presentations and speeches as well as build partnerships with specific clusters of internal and external clients; and
- Supervising consultants and guiding and mentoring more junior staff providing inputs to a wide range of issues relating to energy economics.
- PhD or Master’s degree in economics, or related field;
- At least 8 years of combined experience in the World Bank, other international institutions/companies and/or government in energy with demonstrated track record in the management of large complex projects;
- Track record in significant analytical work at global and country level, and extensive experience and expertise in a relevant topic (energy pricing, institutional reforms, energy regulation, economic analysis of projects, power market design, etc.)
- Deep knowledge on the agenda relevant to Clean Energy; Energy Access; Energy Economics, Markets & Institutions; Hydropower & Dams; and Power Systems;
- Recognized expert within WBG or among one or more of the following: academia, partners, private sector actors, and policymakers, and with track record of applying practice know-how and effective policy dialogue to achieve development results;
- A proven track record in designing and implementing complex International Financial Institutions operations using innovative approaches, demonstrated strong knowledge of operational procedures including fiduciary and safeguards policies and the investment project cycle and including leadership of lending operations.
- Proven ability to lead energy sector dialogue and engage clients, through an in-depth and continuous involvement on difficult policy issues;
- Experience and/or substantive exposure with recent developments in the energy sector such as utility reform and public-private partnerships;
- A track record of team work and ability to produce high-quality results and outputs with minimal supervision;
- Knowledge of and experience in PPPs with special emphasis on enabling policy reforms and structuring to ensure the sustainability of private sector investments and enabling regulatory framework;
- A track record of good external client relations skills at all levels of seniority;
- High level of energy, initiative and flexibility in quickly adjusting to changing work program requirements;
- Excellent oral and written communication skills, in particular ability to effectively dialogue with and relate to clients and stakeholders; and,
- Proficiency in English is essential.
- General Economic Knowledge and Analytical Skills - Possesses Cross-country knowledge in economic specialty and demonstrates ability to link the macro, institutional, and micro-level behaviors; able to support findings/policy recommendations with credible analysis and tools.
- Knowledge and Experience in the Development Arena - Translates technical and cross-country knowledge into practical applications and contributions to country and sector strategies; interacts with clients at the policy level.
- Policy Dialogue Skills - Anticipates needs and requests in the field and conducts independent policy discussions with representatives of government and non-government partners.
- Integrative Skills - Understands relevant cross-sectoral areas and how they are interrelated; able to undertake cross-sectoral work in lending and non-lending operations.
- Macroeconomic Skills and Country Economics Experience - Able to translate technical analyses of macroeconomic, debt, trade, fiscal policy, and growth linkages into policy recommendations and cross-country lessons.
- General Governance and Public Sector Knowledge and Experience - Has the ability to lead production of projects and/or major studies on areas key to public sector.
- Written and Verbal Communication - Demonstrates the ability to influence and persuade others to accept ideas and suggestions (such as counterparts in government, international partner organizations, academia, World Bank colleagues, senior staff and managers).
- Lead and Innovate – Develops innovative solutions with others.
- Deliver Results for Clients – Achieves results and identifies mission-driven solutions for clients.;
- Collaborate Within Teams and Across Boundaries – Initiates collaboration across boundaries and broadly across WBG, and brings differing ideas into the forefront;
- Create, Apply and Share Knowledge – Creates, applies and shares knowledge from across and outside the WBG to strengthen internal and/or external client solutions; and
- Make Smart Decisions – Recommends and takes decisive action.