Senior Economist

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Company: The World Bank Group

Location: Washington, DC 20011

Description:

Senior Economist

Job #:
req31844

Organization:
World Bank

Sector:
Macroeconomics

Grade:
GG

Term Duration:
4 years 0 months

Recruitment Type:
International Recruitment

Location:
Washington, DC,United States

Required Language(s):
English

Preferred Language(s):
French, Spanish

Closing Date:
2/28/2025 (MM/DD/YYYY) at 11:59pm UTC

Description

Doyou want to build a career that is truly worthwhile? TheWorld Bank Group is one of the largest sources of funding and knowledge fordeveloping countries; a unique global partnership of five institutionsdedicated to ending extreme poverty and promoting shared prosperity. With 189member countries and more than 120 offices worldwide, we work with public andprivate sector partners, investing in groundbreaking projects and using data,research, and technology to develop solutions to the most urgent globalchallenges. For more information, visit www.worldbank.org.

Aboutthe World Bank Group

Established in 1944, the WBG is one of the world's largest sources of fundingand knowledge for development solutions. In fiscal year 2018, the WBG committed$67 billion in loans, grants, equity investments and guarantees to its membersand private businesses, of which $24 billion was concessional finance to itspoorest members. It is governed by 188-member countries and delivers servicesout of 120 offices with nearly 15,000 staff located globally.

The WBG consists of five specialized institutions: the International Bank forReconstruction and Development (IBRD), the International DevelopmentAssociation (IDA), the International Finance Corporation (IFC), theMultilateral Investment Guarantee Agency (MIGA), and the International Centrefor the Settlement of Investment Disputes (ICSID). The World Bank is organizedinto six client-facing Regional Vice-Presidencies, several corporate functionsand thirteen Global Practices to bring best-in-class knowledge and solutions toregional and country clients.

IEG's Role

The Independent Evaluation Group (IEG) is responsible for the assessment of therelevance, efficacy, and efficiency of World Bank Group operational policies,programs and activities, and their contribution to development effectiveness.IEG's evaluations aim to enhance accountability and learning to inform theformulation of new directions, policies and procedures, country and sectorstrategies, and programs for the World Bank Group's work.

IEG is directly responsible for:

* Assessing whether the World Bank Group Institutions' operational policies, programs and activities are producing the expected results, including global, regional, and other programs in which the Institution(s) is a participant.
* Incorporating evaluation assessments and findings into recommendations designed to help improve the development effectiveness of the World Bank Group's programs and activities, and their responsiveness to member countries' needs and concerns.
* Appraising the Institutions' self-evaluations of strategies and projects and attesting to their adequacy to the Boards.
* Reporting periodically to the Boards on actions taken by the Institution(s) in response to evaluation findings, and on the measures being taken to improve the overall operations evaluation system including dissemination and outreach activities.
* Identifying and disseminating evaluation findings and lessons to maximize contributions to the World Bank Group's learning and knowledge framework and reinforce learning and accountability within the World Bank Group in service of achieving its corporate goals.
* Encouraging and assisting developing member countries to build effective monitoring and evaluation associations, capacities and systems.
* Working closely with development partners among donors and developing countries in order to foster international evaluation harmonization, to develop evaluation capacity in developing countries, and to encourage best practice in international development evaluation.

Internaland external contexts

IEG's work is aligned with the changing internal and external contexts. TheWorld Bank is currently undergoing a transition. A process has been launched toexpand and revise the vision of the World Bank and review its operational andfinancing model to ensure it is ready to meet the changing needs of its clientsand address the challenges of the future. Evaluation has an important role toplay in this process, not only in keeping the World Bank accountable, but alsoto ensure that the way forward builds on evidence on what works and whatdoesn't. This will require providing evidence both for the longer-termstrategic direction but also shorter-term, real-time evidence to help theinstitution course correct, particularly in times of crisis.

Internally, the WBG's organization has launched a consultative change processknown as the Evolution Roadmap, which recognizes the increasing importance ofglobal challenges in achieving development goals, and that there is a need tosharpen the WBG mission with greater emphasis on sustainability, resilience toshocks, and inclusion, which are also critical for achievement of the twingoals and the SDGs. The provisional vision is to create a world free of povertyon a livable planet, with a mission to end extreme poverty and boost sharedprosperity on a livable planet. Externally, the global community has reachedconsensus on ambitious post-2015 Sustainable Development Goals, and clientcountries and development partners are demanding increased focus on developmentimpact and results.

Consistent with the WBG 2016 Forward Look and subsequent discussions withstakeholders around the Evolution Roadmap, the focus will continue to be onpoverty reduction and shared prosperity, while also addressing theinterlinkages with global challenges, such as climate change, pandemic risks,and Fragility, Conflict and Violence (FCV). In this context, and therecent discussions about the financing of the WBG and development more broadlyto do more, the independent evaluation can play an important role in helpingthe WBG achieve greater development effectiveness by assessing what works, andwhy.

IEG has increasingly moved to a strategic selection process for its majorevaluations to ensure greater influence of each individual evaluation, and ofall of them collectively. IEG continues to pursue two objectives:

* Achieving the evolving goal and mission of the WBG - What Works and Why? Deepening evidence about the results of WBG programs and activities and their contribution to WBG's strategic priorities and ultimately its mission goals. This objective is addressed mostly through thematic evaluations that currently cover IEG's three Strategic Engagement Areas (SEAs) which are aligned, but may adapt, with the Forward Look and emerging Evolution Roadmap, namely: (i) Inclusive and Sustainable Economic Growth; (ii) Investing in People, especially through Sustained Service Delivery to the poor and bottom 40%; and (iii) Fostering Resilience to Global Shocks and Threats.

* Real-Time Feedback on WBG Operational choices: Assessing implementation of, and providing WBG Management and Executive Board with early feedback on, reforms and WBG operational choices to ensure that timely course corrections are made when needed. This objective is addressed mostly through corporate evaluations covering four strategic pillars: i) Assisting All Client Segments; ii) Leading on Global and Regional Issues, iii) Improving the WBG Business Model, and iv) Mobilization: Scaling Up Finance for Development.

Under the Director General of Evaluation, IEG is developing a long-term strategy to best contribute to the Evolution Roadmap. This will involve building on the work already underway, with a particular emphasis on strengthening engagement with various stakeholders, using mixed methods and innovating to enhance the quality and rigor of evaluations, while also maintaining the independence of the evaluation function as both a tool for accountability and learning. IEG will also continue to place emphasis on (i) IEG's value proposition as a contributor to the WBG's development effectiveness through focused, timely, and impactful evaluative activities, (ii) IEG's efficiency and value for money, and (iii) IEG's effective engagement with WBG management and other stakeholders.

Organizational structure

IEG is led by the Director General, Evaluation (DGE), who reports directly to the Board of Executive Directors through the Committee on Development Effectiveness (CODE). IEG's organizational structure comprises:

* Office of the DGE (IEGDG);
* Human Development and Economic Management Department (IEGHE);
* Financial, Private Sector, and Sustainable Development Department (IEGSP); and
* Knowledge and Communications Unit (IEGKC).

Economic Management and Country Program Evaluation Unit (IEGEC)

Within the Human Development and Economic Management Department (IEGHE), Economic Management and Country Program Evaluation (IEGEC) covers four main areas of work:

* Evaluations and validation of self-evaluations of Prosperity operations (comprising the Global Practices: Economic Policy, Poverty and Equity, Governance, FCV Cross-Cutting Solution Area [CCSA]);
* Thematic Evaluation: evaluating the relevance and effectiveness of sector and thematic strategies and programs of the WBG in the above-mentioned thematic areas;
* Evaluations and validation of self-evaluations of Country Partnership Frameworks (across all regions of the WBG);
* Country Program Evaluations: evaluating the relevance and effectiveness of WBG country programs across all regions.

Duties and Responsibilities

The Senior Economist will contribute directly to IEG evaluations. This work will include country level, thematic, sectoral and corporate evaluations. The successful candidate will oversee the validation of Implementation Completion Reports (from Economic Policy, Governance and Poverty and Equity Global Practices). They will also lead or participate in Country Program Evaluations and thematic evaluations on topics falling under the Prosperity Practice Group. (S)he will also be called upon to contribute to IEG corporate level tasks as needed, including reviewing and commenting on other evaluation work.

Under the direction of the Unit Manager, the Sr. Economist will have the following primary responsibilities:
Lead, co-lead and/or participate in thematic evaluations and other evaluative knowledge products assessing the relevance and effectiveness of the IFC, MIGA and/or World Bank assistance in economic management and in country programs. While many evaluations cover the work of the World Bank, the IFC and MIGA, some are specifically focused on one or two of the three agencies.
Lead, co-lead and/or participate in the validation of self-evaluations of Prosperity projects (comprising the Global Practices: Economic Policy, Poverty and Equity, Governance, Finance, Competitiveness and Innovation, and FCV).
Oversee the work of junior staff, including by providing quality-assurance (setting and upholding high standards of quality for various evaluations) and mentorship. Advise other IEG teams in areas of expertise.
Work closely with the IEG Methods team in all phases of the evaluation, including to identify the evaluation questions and the relevant methods to answer them, discuss the validity of the findings of the analysis and proposed recommendations.
Engage with IFC, MIGA and World Bank operational counterparts during key stages of development of the evaluations, including at inception; discussion of emerging findings and recommendations; and review of the draft evaluation.
Disseminate findings from thematic evaluations and other knowledge products within the World Bank Group (internal dissemination) and with external clients (government representatives, private sector and international partner organizations). He/she will work on the dissemination plan closely with IEG Knowledge and Communications (KC) team.
Contribute to IEG-wide, departmental, and cross-sectoral activities designed to help IEG pursue its mission, specifically in providing methodological advice and coaching across units, and contribute in other forms to the development of IEG products.

Selection Criteria

The successful candidate is required to have the following minimum qualifications, skills, motivation and personal attributes:
Macroeconomic Knowledge and Analytical Skills
A Master's degree (Ph.D. preferred) and a minimum of 8 years of experience in macroeconomics, macroeconomic policy making, or related fields (economics / economic policy, poverty and equity, governance, finance, and jobs).
Demonstrates command of macroeconomics, growth, trade, and fiscal and debt policy to inform evaluations and validations of WBG activities and products; ability to translate technical analyses into concrete and operationally relevant policy recommendations and lessons.
Possesses hands-on cross-country experience and knowledge of economic and public policy making in Emerging Markets and Developing Economies.
Has direct experience working on development policy operations (DPOs) and major World Bank diagnostics and knowledge products. (Operational experience with budget support operations is required).
Demonstrates ability to support findings/policy recommendations with credible analysis and tools.
Demonstrated analytical skills as leader of research or major sector work, which could include publications in international journals.

Evaluation and Analytic Skills
Experience in designing, conducting and leading evaluations would be an advantage. This could include in-depth knowledge of advanced qualitative and quantitative evaluation methods, such as (among others,) structured literature review, portfolio analysis, development of theory of change and theory of action, comparative case studies, statistical and econometric analysis and qualitative data analysis, and experience working with large datasets.
Has an independent mind set, common sense judgement, and the ability to conduct critical, evidence-based assessments. Possesses the competencies required to lead complex evaluations.
Demonstrates substantive familiarity with policy and process of gathering relevant and accurate information and evidence for evaluating country programs and strategies.
Upholds evaluation policy, procedure and standards, ensures high standards and professionalism, and independence.
Demonstrated in-depth knowledge and experience of working in international development. Understanding of World Bank, IFC and MIGA strategies and operations, and/or of strategies and operations of other Multilateral Development Banks.
Knowledge and experience in Fragile, Conflict and Violence affected situations would be an advantage.
Outstanding writing skills: ability to convey complex concepts through well-structured, simple, convincing messages. Outstanding aptitude for critical and structured qualitative and quantitative analysis, as evidenced by a strong track record of contributions to complex analytical and operational work.

Team Leadership and Communication Skills
Demonstrated ability to manage teams to deliver complex tasks, including high quality analytical reports, on time and within budget.
Excellent teamwork and interpersonal skills, capacity to motivate and develop teams, and ability to operate collaboratively within and across organizational boundaries. Proactive, inclusive and innovative, with an open and collegial work style and ability to listen and integrate ideas from diverse points of view.
Excellent communication, diplomatic and negotiating skills, with demonstrated strong personal maturity, balanced judgment, and a track record of building and maintaining partnerships with colleagues and clients.
Ability to coach, mentor, develop and empower more junior staff, provide seasoned advice to more senior staff and managers, and work collaboratively with peers.
Ability and willingness to travel to developing countries.
Fluent in written and spoken English. Knowledge of French or Spanish would be an advantage.

Required GG level IEG competencies:
Lead and Motivate - Encourages and works with others to identify, incubate and implement relevant solutions. Identifies opportunities in changing circumstances and energizes others to continuously improve, using intentional strategies to boost morale, team spirit, and productivity in context of WBG's values and mission. Helps others to understand problems, client needs and the underlying context.

Deliver Results for Clients - Develops and implements solutions that show understanding of how clients and/or own work achieves results that are financially, environmentally and socially sustainable. Shares new insights based on in-depth understanding of the client and recommends solutions for current and future needs of clients. Holds self and team accountable for risk management and outcomes.

Innovate - Applies evaluation expertise to develop innovative approaches that enhances the quality, credibility, rigor, and utility of IEG evaluations. Keeps abreast of the latest development in the field of development evaluations to continuously improve the rigor of evaluation within IEG.

Collaborate within teams and across boundaries - Collaborates across organizational boundaries, internally and externally with a sense of mutuality and respect. Consistently engages others in open dialogue, brings out any conflicting viewpoints and incorporates viewpoints into solutions, giving credit where credit is due. Leverages expertise of all team members to ensure successful outcomes. Makes choices and sets priorities with a WBG corporate perspective in mind.

Create, Apply and Share Knowledge - Ensures systematic sharing of good practice and learning from lessons from across WBG, clients, and partners. Is known across WBG and beyond for his/her evaluation knowledge and is sought out by colleagues to advise, peer review, or contribute to knowledge products. Seeks mentoring opportunities with more experienced staff to deepen or strengthen their professional knowledge and mentors junior staff. Builds networks across the WBG and as part of external professional groups/networks.

Make Smart Decisions - Applies critical thinking and seeks inputs and experience from others to recommend a course of action consistent with the WBG's strategy. Evaluates risk and anticipates the short- and long-term implications of decisions. Commits to a decision and takes action once a decision has been reached.

Note: If the selected candidate is a current World Bank Group Staff Member with a Regular or Open-Ended appointment, they will retain their Regular or Open-Ended appointment. If the selected candidate is a current World Bank Group Staff Member with a Term appointment that expires later than the end date of this appointment, they will retain the duration of their current Term appointment.

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.

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