Economist

Industry:

Company: World Bank Group

Economist

Job #:
req28845

Organization:
World Bank

Sector:
Financial Sector

Grade:
GF

Term Duration:
3 years

Recruitment Type:
International Recruitment

Location:
Washington, DC,United States

Required Language(s):
English

Preferred Language(s):

Closing Date:
9/15/2024 (MM/DD/YYYY) at 11:59pm UTC

Description

Note: Thisrecruitment is a part of Japanese Recruitment Mission

Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity, and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org

Regional Context:
The South Asia Region (Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka) is at a crucial stage of development. Rapid economic growth, driven by urbanization and demographic dividend, has brought down poverty rates, but severe forms of exclusion and disparities based on ethnicity, caste, and gender remain. Rapid growth has also come with congestion and pollution in cities. South Asia is more than other regions affected by changes in temperature and extreme weather event. Additional challenges are that South Asia is underperforming in exports, has large informal sectors and low female labor force participation rates. All these challenges must be addressed to secure rapid growth in coming decades. Private sector led growth, focused on investments in infrastructure, energy, logistics and cities are essential to generate the jobs needed to employ South Asia’s sizeable youth population. At the same time, the region needs to continue building human capital so that South Asia’s population is well equipped for the jobs of the future.

The World Bank in South Asia: https://www.worldbank.org/en/region/sar

About Finance, Competitiveness & Innovation Global Practice (FCI GP):
The World Bank Group’s Finance, Competitiveness & Innovation Global Practice (FCI) combines expertise in the financial sector with expertise in private sector development to foster private-sector led growth and help create markets in client countries.

Through this work, FCI strengthens the World Bank Group’s evolving approach to development finance: to maximize finance for development and to leverage private sector investments for sustainable and inclusive growth.

Globally, FCI leads the institution’s dialogue on financial sector policies and private sector development, as well as engagement with various standard-setting bodies, such as the G20, Financial Stability Board, the UN, etc.

Within countries, FCI works with governments to create an enabling environment where financial stability, access to finance and risk management provide a foundation to crowd-in private sector investment, create capital markets, and accelerate equitable growth.

Job Duties and Responsibilities:
• Contribute to operational activities at all stages of the project cycle for ASA and Lending Operations, including participation in the design and development of specific project components and supporting the implementation of ongoing FCI projects/activities.
• Collect relevant private sector and financial sector data, conduct quantitative and qualitative analysis of private sector and financial sector issues, and collaborate in the production of technical notes; and help with the dissemination of analytical work.
• Lead and co-Lead analytical products, on a wide range of country and sector issues, including broad and complex products that require the participation of one or more multi-disciplinary teams.
• Advise on relevant private sector policy interventions, strategic directions, and high-level technical and operational issues.
• Develop and maintain close partnerships with government officials, regional entities, donors, and other key partners.
• Develop and support the development of one-World Bank Group solutions to financial sector and private sector development challenges, based on a good understanding and close engagement with IFC and MIGA products and colleagues.
• Contribute to a variety of written products and communications, including components of major reports, as well as drafts other technical working papers for wider circulation.
• Support the Jobs Accelerator work across SAR countries

Selection Criteria
• A Master’s degree in Finance, Economics, Management or a related field.
• Minimum of 5 years of relevant experience including of working in relevant organizations, such as private sector development/financial sector/public sector/international organizations.
• Experience with a broad range of private sector and financial sector policy and technical issues, with a focus on investment climate, MSME growth, access to finance, trade, etc.
• Mature professional to inspire confidence in country officials, and work in a culturally diverse environment.
• Possess strong client engagement skills.
• Strong judgment on operational, country, and practice issues. Strong results focus, with a track record of supporting/leading teams to deliver projects and activities.
• The ideal candidate will have a combination of experience working in development organizations and the private sector.
• Excellent command ofEnglish.

World Bank Group Core Competencies

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.