Economist

Job #: req12905

Organization: World Bank

Sector: Economics

Grade: GF

Term Duration: 4 years 0 months

Recruitment Type: International Recruitment

Location: Washington, DC,United States

Required Language(s): English

Preferred Language(s): Spanish, French, Russian, Chinese, Portuguese

Closing Date: 9/30/2021 (MM/DD/YYYY) at 11:59pm UTC

Description

Do you want to build a genuinely worthwhile career? 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 and promoting shared prosperity. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, invest in groundbreaking projects, and use data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org.

Practice Group Context

The Equitable Growth, Finance, and Institutions Practice Group (EFI) is one of the World Bank Group’s four Practice Groups. EFI’s mandate is “Growth, Finance, and Institutions for all.” EFI is composed of four Global Practices (GPs), the Prospects Group, and CGAP:

The Macroeconomics, Trade and Investment (MTI) GP supports macroeconomic stability through sound fiscal frameworks and fiscal risk management and better institutions and capacity on debt management to improve the efficiency of public spending.

The Finance, Competitiveness, and Innovation (FCI) GP helps client countries to create an enabling environment in which financial stability, efficiency and firm-level solutions to crowd in the private sector, support the creation of markets, and accelerate equitable growth.

The Governance GP (GOV) assists countries to build capable, effective, accountable, transparent, and inclusive institutions that deliver citizen-centric services, facilitate private-sector growth, build trust in Government, and provide fiduciary support to all Bank operations.

The Poverty and Equity GP supports the design, implementation, and monitoring of the WBG and client countries’ policies and programs aimed at poverty reduction and shared prosperity.

The Prospects Group analyzes global economic and financial developments and their impact on emerging market and developing countries by the publication of the Global Economic Prospects report, the Commodity Markets Outlook, and Global Monthly.

CGAP is a global partnership of more than 30 leading development organizations to share knowledge and research about financial inclusion to advance the lives of poor people, protect their economic gains, and reach broader development goals.

Unit Context

The EFI Chief Economist Office (EFICE) supports and works under the EFI Chief Economist, who directly reports to EFI VP. The Chief Economist is part of the EFI Front Office and a member of the EFI Leadership Team, working closely with the Director of Strategy and Operations (DSO) and Global Directors (GDs) of each of the GPs. The Chief Economist is the principal economic and policy adviser to the EFI VP regarding analytic and advisory services. The office guides strategic priorities and technical quality of economic analysis in EFI, bringing the best knowledge to bear on the development problems relevant to EFI. He is also the Director of the Prospects Group, creating a synergistic arrangement between the two units. Moreover, he is responsible for the coordination of the Practices’ work with DEC (Development Economics) and participates in the World Bank’s Chief Economist Council meetings.

In this context, EFICE is seeking an Economist as part of the team working under the Chief Economist. The team will support the Chief Economist in the latter’s duties and responsibilities:

• Provide intellectual leadership to the Practice Group on economic and policy matters related to EFI
• Work closely with the EFI Leadership team and provide inputs to improve the quality of selected high-level EFI analytical and operational deliverables
• Foster a community of economists across the EFI GPs and support to promote high-quality research, analysis, and dialogue on issues relevant to EFI’s PGs
• Bring the latest knowledge and analysis on EFI matters from academia, think tanks, and other external research partners, and strengthen their link to the operations work of the Global Practices in EFI
• Supports the Bank’s Chief Economist with requested PG inputs to the major institutional reports, and the research agenda of DEC
• And not least, represent the Bank Group in external functions

Selection Criteria

• Master’s degree with 5 years of experience or equivalent combination of education and experience. Ph.D. in economics or closely related discipline is preferred.
• Strong analytical background with the ability to do high-level research, analyses, diagnoses, and propose solutions to complex problems, preferably in EFI GPs focus areas, such as international finance, competitiveness, governance, international trade, poverty, or open macroeconomics.
• Ability to translate theory and analysis into practical applications in the context of EFICE work.
• Outstanding communication skills to write and express complex economic ideas to different audiences, including the general public
• Possess high motivation, initiative, a positive attitude, team spirit, and the capacity to work comfortably in an adverse environment.
• Ability to work under pressure, work flexibly on a range of assignments, adjust to changing needs, and prioritize evolving tasks.
• Ability to participate in multi-disciplinary teams.

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.