Senior Economist
Apply NowCompany: The World Bank Group
Location: Washington, DC 20011
Description:
Senior Economist
Job #:
req32833
Organization:
World Bank
Sector:
Economics
Grade:
GG
Term Duration:
4 years 0 months
Recruitment Type:
International Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):
Closing Date:
5/2/2025 (MM/DD/YYYY) at 11:59pm UTC
Description
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, 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.
The Development Finance Vice-Presidency (DFI) is responsible for the management and monitoring of policies, procedures, and resources for the World Bank's development financing vehicles. DFI sets the policy framework for WBG development finance by engaging in strategic resource mobilization, playing an intermediation role to help align the needs of recipients, WBG institutional priorities, and priorities of funding partners. These include the International Development Association (IDA), the World Bank's fund for the poorest, the International Bank for Reconstruction and Development (IBRD), and Trust Funds, including Financial Intermediary Funds (FIFs).
Within DFI, the Corporate IDA and IBRD (DFCII) Department is responsible for the replenishment and stewardship of IDA, the Bank's principal facility for providing highly concessional resources to the world's poorest countries. DFCII leads IDA replenishments and manages the allocation of IDA resources (both volumes and terms) to eligible countries as per IDA priorities and maintains policy dialogue with donors. DFCII consists of two units: the IBRD-IDA Corporate Finance and the IDA Strategy and Operations units, and this position will be with the IDA Strategy and Operations (S&O) unit.
The S&O unit comprises a multi-disciplinary group of experienced and motivated economists, finance, and development specialists who together manage the IDA framework. The unit's major focus for the coming period will be ensuring strong implementation of the IDA21 cycle, which starts on July 1, 2025, and will deliver up to $100 billion to the world's 78 poorest countries over the next three years.
The S&O unit is looking for a Senior Economist to join the IDA Strategy and Operations unit, which is responsible for the operational aspects of IDA, including development of policies for the allocation of IDA resources, implementation of IDA's operational policies, the Sustainable Development Finance Policy (SDFP) Secretariat which addresses debt vulnerabilities in IDA borrowers, and the Private Sector Window Secretariat. The unit is also in charge of developing and undertaking a research program on IDA's long-term strategic agenda and aid architecture, including to catalyze IDA resources towards delivering on the WBG goals and the 2030 development agenda.
Roles & Responsibility:
The Senior Economist will be based in Washington DC and report to the DFCII Strategy and Operations Manager. The Senior Economist will be expected to contribute and participate in several activities in the unit, such as the following:
Participate in the activities of the SDFP secretariat and other activities related to the implementation of the policy, including as reviewer for a set of countries in one of the regional clusters.
Assess and monitor IDA country engagement products and operations for assigned countries to ensure IDA priorities are adequately captured. This may include reviewing Country Partnership Frameworks, Progress and Learning Reviews, development policy operations and selected investment lending operations.
Contribute to the analysis of options on IDA reforms, including mechanisms to increase IDA's ability to mobilize resources for poverty alleviation, global public goods, Sustainable Development Goals, vulnerability, resilience and to crowd in the private sector.
Assist in reviewing research papers and/or other proposals on which DFi's comments are sought, including on aid architecture.
Working closely with the IDA Finance team, the Performance-Based Allocation (PBA) team, and other stakeholders (IMF, MDBs) in the design of IDA's financing architecture (financing terms, allocations, etc.).
Maintaining the team's models (long term projections model, simulations model).
Active member of the unit's Debt team, dealing with all debt related and economic issues and tasks
Undertake other ad hoc tasks as assigned by the Manager of the Strategy and Operations Unit to meet DFI's business needs.
Lead and/ or contribute to the preparation of papers and material to inform discussions with IDA donors and clients during the IDA cycle (IDA21 Mid Term Review, IDA22 Replenishment Negotiations), particularly as they relate to IDA's financing architecture and financing terms.
Selection Criteria
Master's or PhD degree in Economics and minimum of 8 years of relevant professional experience including a track record of delivery of high quality analytical and advisory products.
Demonstrated understanding of IDA's role in the international aid architecture.
Demonstrated econometric modelling skills and strong economic reasoning
Excellent workflow management and task organization skills; able to take responsibility for all aspects of coordination of the workflow of assigned responsibilities.
Strong analytical skills in macroeconomic, fiscal management, debt, finance and proven ability to conduct policy-relevant research.
Previous experience as a country economist is a plus, leading the dialog with country authorities on economic policy issues (growth, fiscal management, debt, structural reforms)
Ability to work flexibly on a range of assignments and adjust to a variety of complex evolving tasks to meet deadlines.
Creates, applies and shares knowledge from across and outside WBG to strengthen internal and/or external client solutions.
Integrative capacity including the ability to situate sectoral issues within a broader development framework.
Strong oral and written communication skills, including the ability to present complicated analyses to non-specialist audiences.
Full set of World Bank Group Core Competencies
DFI's Vision Statement for Diversity, Equity, and Inclusion(DEI):
"Our vision is to be a diverse, equitable and inclusive team, where all staffare respected and supported, in effectively serving DFI clients in pursuit ofWBG goals."
The World Bank Group offers comprehensive benefits,including a retirement plan; medical, life and disability insurance; and paidleave, including parental leave, as well as reasonable accommodations forindividuals with disabilities. We are proud to be an equal opportunity and inclusiveemployer with a dedicated and committed workforce, and do not discriminatebased on gender, gender identity, religion, race, ethnicity, sexualorientation, or disability.
**This internal requisition is open to WBG and IMF staff only (includingshort-term and extended term consultants/ temporaries). External candidates arerequested not to apply. In case an external candidate applies, theirapplication will not be considered.**
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.
Job #:
req32833
Organization:
World Bank
Sector:
Economics
Grade:
GG
Term Duration:
4 years 0 months
Recruitment Type:
International Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):
Closing Date:
5/2/2025 (MM/DD/YYYY) at 11:59pm UTC
Description
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, 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.
The Development Finance Vice-Presidency (DFI) is responsible for the management and monitoring of policies, procedures, and resources for the World Bank's development financing vehicles. DFI sets the policy framework for WBG development finance by engaging in strategic resource mobilization, playing an intermediation role to help align the needs of recipients, WBG institutional priorities, and priorities of funding partners. These include the International Development Association (IDA), the World Bank's fund for the poorest, the International Bank for Reconstruction and Development (IBRD), and Trust Funds, including Financial Intermediary Funds (FIFs).
Within DFI, the Corporate IDA and IBRD (DFCII) Department is responsible for the replenishment and stewardship of IDA, the Bank's principal facility for providing highly concessional resources to the world's poorest countries. DFCII leads IDA replenishments and manages the allocation of IDA resources (both volumes and terms) to eligible countries as per IDA priorities and maintains policy dialogue with donors. DFCII consists of two units: the IBRD-IDA Corporate Finance and the IDA Strategy and Operations units, and this position will be with the IDA Strategy and Operations (S&O) unit.
The S&O unit comprises a multi-disciplinary group of experienced and motivated economists, finance, and development specialists who together manage the IDA framework. The unit's major focus for the coming period will be ensuring strong implementation of the IDA21 cycle, which starts on July 1, 2025, and will deliver up to $100 billion to the world's 78 poorest countries over the next three years.
The S&O unit is looking for a Senior Economist to join the IDA Strategy and Operations unit, which is responsible for the operational aspects of IDA, including development of policies for the allocation of IDA resources, implementation of IDA's operational policies, the Sustainable Development Finance Policy (SDFP) Secretariat which addresses debt vulnerabilities in IDA borrowers, and the Private Sector Window Secretariat. The unit is also in charge of developing and undertaking a research program on IDA's long-term strategic agenda and aid architecture, including to catalyze IDA resources towards delivering on the WBG goals and the 2030 development agenda.
Roles & Responsibility:
The Senior Economist will be based in Washington DC and report to the DFCII Strategy and Operations Manager. The Senior Economist will be expected to contribute and participate in several activities in the unit, such as the following:
Participate in the activities of the SDFP secretariat and other activities related to the implementation of the policy, including as reviewer for a set of countries in one of the regional clusters.
Assess and monitor IDA country engagement products and operations for assigned countries to ensure IDA priorities are adequately captured. This may include reviewing Country Partnership Frameworks, Progress and Learning Reviews, development policy operations and selected investment lending operations.
Contribute to the analysis of options on IDA reforms, including mechanisms to increase IDA's ability to mobilize resources for poverty alleviation, global public goods, Sustainable Development Goals, vulnerability, resilience and to crowd in the private sector.
Assist in reviewing research papers and/or other proposals on which DFi's comments are sought, including on aid architecture.
Working closely with the IDA Finance team, the Performance-Based Allocation (PBA) team, and other stakeholders (IMF, MDBs) in the design of IDA's financing architecture (financing terms, allocations, etc.).
Maintaining the team's models (long term projections model, simulations model).
Active member of the unit's Debt team, dealing with all debt related and economic issues and tasks
Undertake other ad hoc tasks as assigned by the Manager of the Strategy and Operations Unit to meet DFI's business needs.
Lead and/ or contribute to the preparation of papers and material to inform discussions with IDA donors and clients during the IDA cycle (IDA21 Mid Term Review, IDA22 Replenishment Negotiations), particularly as they relate to IDA's financing architecture and financing terms.
Selection Criteria
Master's or PhD degree in Economics and minimum of 8 years of relevant professional experience including a track record of delivery of high quality analytical and advisory products.
Demonstrated understanding of IDA's role in the international aid architecture.
Demonstrated econometric modelling skills and strong economic reasoning
Excellent workflow management and task organization skills; able to take responsibility for all aspects of coordination of the workflow of assigned responsibilities.
Strong analytical skills in macroeconomic, fiscal management, debt, finance and proven ability to conduct policy-relevant research.
Previous experience as a country economist is a plus, leading the dialog with country authorities on economic policy issues (growth, fiscal management, debt, structural reforms)
Ability to work flexibly on a range of assignments and adjust to a variety of complex evolving tasks to meet deadlines.
Creates, applies and shares knowledge from across and outside WBG to strengthen internal and/or external client solutions.
Integrative capacity including the ability to situate sectoral issues within a broader development framework.
Strong oral and written communication skills, including the ability to present complicated analyses to non-specialist audiences.
Full set of World Bank Group Core Competencies
DFI's Vision Statement for Diversity, Equity, and Inclusion(DEI):
"Our vision is to be a diverse, equitable and inclusive team, where all staffare respected and supported, in effectively serving DFI clients in pursuit ofWBG goals."
The World Bank Group offers comprehensive benefits,including a retirement plan; medical, life and disability insurance; and paidleave, including parental leave, as well as reasonable accommodations forindividuals with disabilities. We are proud to be an equal opportunity and inclusiveemployer with a dedicated and committed workforce, and do not discriminatebased on gender, gender identity, religion, race, ethnicity, sexualorientation, or disability.
**This internal requisition is open to WBG and IMF staff only (includingshort-term and extended term consultants/ temporaries). External candidates arerequested not to apply. In case an external candidate applies, theirapplication will not be considered.**
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.