Apply for Senior Economist, Washington, United States Job Vacancy | Position

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

Do you need to construct a profession that’s really worthwhile? The World Bank Group is likely one of the largest sources of funding and data for growing nations; a singular world partnership of 5 establishments devoted to ending excessive poverty and selling shared prosperity. With 189 member nations and greater than 120 workplaces worldwide, we work with private and non-private sector companions, investing in groundbreaking initiatives and utilizing information, analysis, and expertise to develop options to essentially the most pressing world challenges. For extra data, go to www.worldbank.org.

About the World Bank Group

Established in 1944, the WBG is likely one of the world’s largest sources of funding and data for growth options. In fiscal yr 2018, the WBG dedicated $67 billion in loans, grants, fairness investments and ensures to its members and personal companies, of which $24 billion was concessional finance to its poorest members. It is ruled by 188-member nations and delivers providers out of 120 workplaces with practically 15,000 workers situated globally.

The WBG consists of 5 specialised establishments: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID). The World Bank is organized into six client-facing Regional Vice-Presidencies, a number of company features and 13 Global Practices to deliver best-in-class data and options to regional and nation purchasers.

IEG’s Role

The Independent Evaluation Group (IEG) is accountable for the evaluation of the relevance, efficacy, and effectivity of World Bank Group operational insurance policies, packages and actions, and their contribution to growth effectiveness. IEG’s evaluations purpose to reinforce accountability and studying to tell the formulation of recent instructions, insurance policies and procedures, nation and sector methods, and packages for the World Bank Group’s work.

IEG is straight accountable for: * Assessing whether or not the World Bank Group Institutions’ operational insurance policies, packages and actions are producing the anticipated outcomes, together with world, regional, and different packages by which the Institution(s) is a participant. * Incorporating analysis assessments and findings into suggestions designed to assist enhance the event effectiveness of the World Bank Group’s packages and actions, and their responsiveness to member nations’ wants and issues. * Appraising the Institutions’ self-evaluations of methods and initiatives and testifying to their adequacy to the Boards. * Reporting periodically to the Boards on actions taken by the Institution(s) in response to analysis findings, and on the measures being taken to enhance the general operations analysis system together with dissemination and outreach actions. * Identifying and disseminating analysis findings and classes to maximise contributions to the World Bank Group’s studying and data framework and reinforce studying and accountability inside the World Bank Group in service of attaining its company targets. * Encouraging and aiding growing member nations to construct efficient monitoring and analysis associations, capacities and techniques. * Working carefully with growth companions amongst donors and growing nations with a purpose to foster worldwide analysis harmonization, to develop analysis capability in growing nations, and to encourage finest observe in worldwide growth analysis.

Internal and exterior contexts

IEG’s work is aligned with the altering inside and exterior contexts. The World Bank is presently present process a transition. A course of has been launched to develop and revise the imaginative and prescient of the World Bank and overview its operational and financing mannequin to make sure it is able to meet the altering wants of its purchasers and handle the challenges of the longer term. Evaluation has an vital position to play on this course of, not solely in holding the World Bank accountable, but additionally to make sure that the way in which ahead builds on proof on what works and what would not. This would require offering proof each for the longer-term strategic course but additionally shorter-term, real-time proof to assist the establishment course right, notably in occasions of disaster.

Internally, the WBG’s group has launched a consultative change course of referred to as the Evolution Roadmap, which acknowledges the growing significance of worldwide challenges in attaining growth targets, and that there’s a have to sharpen the WBG mission with larger emphasis on sustainability, resilience to shocks, and inclusion, that are additionally vital for achievement of the dual targets and the SDGs. The provisional imaginative and prescient is to create a world freed from poverty on a livable planet, with a mission to finish excessive poverty and enhance shared prosperity on a livable planet. Externally, the worldwide neighborhood has reached consensus on bold post-2015 Sustainable Development Goals, and shopper nations and growth companions are demanding elevated deal with growth impression and outcomes.

Consistent with the WBG 2016 Forward Look and subsequent discussions with stakeholders across the Evolution Roadmap, the main focus will proceed to be on poverty discount and shared prosperity, whereas additionally addressing the interlinkages with world challenges, akin to local weather change, pandemic dangers, and Fragility, Conflict and Violence (FCV). In this context, and the current discussions in regards to the financing of the WBG and growth extra broadly to do extra, the impartial analysis can play an vital position in serving to the WBG obtain larger growth effectiveness by assessing what works, and why.

IEG has more and more moved to a strategic choice course of for its main evaluations to make sure larger affect of every particular person analysis, and of all of them collectively. IEG continues to pursue two goals: * Achieving the evolving objective and mission of the WBG – What Works and Why? Deepening proof in regards to the outcomes of WBG packages and actions and their contribution to WBG’s strategic priorities and finally its mission targets. This goal is addressed largely by means of thematic evaluations that presently cowl IEG’s three Strategic Engagement Areas (SEAs) that are aligned, however might adapt, with the Forward Look and rising Evolution Roadmap, specifically: (i) Inclusive and Sustainable Economic Growth; (ii) Investing in People, particularly by means of Sustained Service Delivery to the poor and backside 40%; and (iii) Fostering Resilience to Global Shocks and Threats.

* Real-Time Feedback on WBG Operational selections: Assessing implementation of, and offering WBG Management and Executive Board with early suggestions on, reforms and WBG operational selections to make sure that well timed course corrections are made when wanted. This goal is addressed largely by means of company evaluations overlaying 4 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 growing a long-term technique to finest contribute to the Evolution Roadmap. This will contain constructing on the work already underway, with a selected emphasis on strengthening engagement with varied stakeholders, utilizing blended strategies and innovating to reinforce the standard and rigor of evaluations, whereas additionally sustaining the independence of the analysis perform as each a software for accountability and studying. IEG may even proceed to position emphasis on (i) IEG’s worth proposition as a contributor to the WBG’s growth effectiveness by means of centered, well timed, and impactful evaluative actions, (ii) IEG’s effectivity and worth for cash, and (iii) IEG’s efficient engagement with WBG administration and different stakeholders.

Organizational construction

IEG is led by the Director General, Evaluation (DGE), who experiences on to the Board of Executive Directors by means of the Committee on Development Effectiveness (CODE). IEG’s organizational construction contains: * 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 4 essential areas of labor: * 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 methods and packages of the WBG within the above-mentioned thematic areas; * Evaluations and validation of self-evaluations of Country Partnership Frameworks (throughout all areas of the WBG); * Country Program Evaluations: evaluating the relevance and effectiveness of WBG nation packages throughout all areas.

Duties and Responsibilities

The Senior Economist will contribute on to IEG evaluations. This work will embrace nation stage, thematic, sectoral and company evaluations. The profitable candidate will oversee the validation of Implementation Completion Reports (from Economic Policy, Governance and Poverty and Equity Global Practices). They may even lead or take part in Country Program Evaluations and thematic evaluations on subjects falling underneath the Prosperity Practice Group. (S)he may even be known as upon to contribute to IEG company stage duties as wanted, together with reviewing and commenting on different analysis work.

Under the course of the Unit Manager, the Sr. Economist could have the next main tasks:

• Lead, co-lead and/or take part in thematic evaluations and different evaluative data merchandise assessing the relevance and effectiveness of the IFC, MIGA and/or World Bank help in financial administration and in nation packages. While many evaluations cowl the work of the World Bank, the IFC and MIGA, some are particularly centered on one or two of the three companies.
• Lead, co-lead and/or take part within the validation of self-evaluations of Prosperity initiatives (comprising the Global Practices: Economic Policy, Poverty and Equity, Governance, Finance, Competitiveness and Innovation, and FCV).
• Oversee the work of junior workers, together with by offering quality-assurance (setting and upholding excessive requirements of high quality for varied evaluations) and mentorship. Advise different IEG groups in areas of experience.
• Work carefully with the IEG Methods staff in all phases of the analysis, together with to establish the analysis questions and the related strategies to reply them, focus on the validity of the findings of the evaluation and proposed suggestions.
• Engage with IFC, MIGA and World Bank operational counterparts throughout key phases of growth of the evaluations, together with at inception; dialogue of rising findings and suggestions; and overview of the draft analysis.
• Disseminate findings from thematic evaluations and different data merchandise inside the World Bank Group (inside dissemination) and with exterior purchasers (authorities representatives, non-public sector and worldwide accomplice organizations). He/she is going to work on the dissemination plan carefully with IEG Knowledge and Communications (KC) staff.
• Contribute to IEG-wide, departmental, and cross-sectoral actions designed to assist IEG pursue its mission, particularly in offering methodological recommendation and training throughout models, and contribute in different kinds to the event of IEG merchandise.

Selection Criteria

The profitable candidate is required to have the next minimal {qualifications}, abilities, motivation and private attributes: Macroeconomic Knowledge and Analytical Skills

• A Master’s diploma (Ph.D. most well-liked) and a minimal of 8 years of expertise in macroeconomics, macroeconomic coverage making, or associated fields (economics / financial coverage, poverty and fairness, governance, finance, and jobs).
• Demonstrates command of macroeconomics, progress, commerce, and monetary and debt coverage to tell evaluations and validations of WBG actions and merchandise; capacity to translate technical analyses into concrete and operationally related coverage suggestions and classes.
• Possesses hands-on cross-country expertise and data of financial and public coverage making in Emerging Markets and Developing Economies.
• Has direct expertise engaged on growth coverage operations (DPOs) and main World Bank diagnostics and data merchandise. (Operational expertise with finances help operations is required).
• Demonstrates capacity to help findings/coverage suggestions with credible evaluation and instruments. emru9K0 BIpnb
• Demonstrated analytical abilities as chief of analysis or main sector work, which may embrace publications in worldwide journals.

Evaluation and Analytic Skills

• Experience in designing, conducting and main evaluations could be a bonus. This may embrace in-depth data of superior qualitative and quantitative analysis strategies, akin to (amongst others,) structured literature overview, portfolio evaluation, growth of principle of change and principle of motion, comparative case research, statistical and econometric evaluation and qualitative information evaluation, and expertise working with giant datasets.
• Has an impartial thoughts set, widespread sense judgement, and the power to conduct vital, evidence-based assessments. Possesses the competencies required to guide complicated evaluations.
• Demonstrates substantive familiarity with coverage and technique of gathering related and correct data and proof for evaluating nation packages and methods.
• Upholds analysis coverage, process and requirements, ensures excessive requirements and professionalism, and independence.
• Demonstrated in-depth data and expertise of working in worldwide growth. Understanding of World Bank, IFC and MIGA methods and operations, and/or of methods and operations of different Multilateral Development Banks.
• Knowledge and expertise in Fragile, Conflict and Violence affected conditions could be a bonus.
• Outstanding writing abilities: capacity to convey complicated ideas by means of well-structured, easy, convincing messages. Outstanding aptitude for vital and structured qualitative and quantitative evaluation, as evidenced by a powerful monitor report of contributions to complicated analytical and operational work.

Team Leadership and Communication Skills

• Demonstrated capacity to handle groups to ship complicated duties, together with prime quality analytical experiences, on time and inside finances.
• Excellent teamwork and interpersonal abilities, capability to inspire and develop groups, and talent to function collaboratively inside and throughout organizational boundaries. Proactive, inclusive and modern, with an open and collegial work model and talent to pay attention and combine concepts from various factors of view.
• Excellent communication, diplomatic and negotiating abilities, with demonstrated sturdy private maturity, balanced judgment, and a monitor report of constructing and sustaining partnerships with colleagues and purchasers.
• Ability to teach, mentor, develop and empower extra junior workers, present seasoned recommendation to extra senior workers and managers, and work collaboratively with friends.
• Ability and willingness to journey to growing nations.
• Fluent in written and spoken English. Knowledge of French or Spanish could be a bonus.

Required GG stage IEG competencies: Lead and Motivate – Encourages and works with others to establish, incubate and implement related options. Identifies alternatives in altering circumstances and energizes others to repeatedly enhance, utilizing intentional methods to spice up morale, staff spirit, and productiveness in context of WBG’s values and mission. Helps others to know issues, shopper wants and the underlying context.

Deliver Results for Clients – Develops and implements options that present understanding of how purchasers and/or personal work achieves outcomes which might be financially, environmentally and socially sustainable. Shares new insights primarily based on in-depth understanding of the shopper and recommends options for present and future wants of purchasers. Holds self and staff accountable for danger administration and outcomes.

Innovate – Applies analysis experience to develop modern approaches that enhances the standard, credibility, rigor, and utility of IEG evaluations. Keeps abreast of the most recent growth within the subject of growth evaluations to repeatedly enhance the rigor of analysis inside IEG.

Collaborate inside groups and throughout boundaries – Collaborates throughout organizational boundaries, internally and externally with a way of mutuality and respect. Consistently engages others in open dialogue, brings out any conflicting viewpoints and incorporates viewpoints into options, giving credit score the place credit score is due. Leverages experience of all staff members to make sure profitable outcomes. Makes selections and units priorities with a WBG company perspective in thoughts.

Create, Apply and Share Knowledge – Ensures systematic sharing of excellent observe and studying from classes from throughout WBG, purchasers, and companions. Is recognized throughout WBG and past for his/her analysis data and is sought out by colleagues to advise, peer overview, or contribute to data merchandise. Seeks mentoring alternatives with extra skilled workers to deepen or strengthen their skilled data and mentors junior workers. Builds networks throughout the WBG and as part of exterior skilled teams/networks.

Make Smart Decisions – Applies vital considering and seeks inputs and expertise from others to advocate a plan of action in keeping with the WBG’s technique. Evaluates danger and anticipates the short- and long-term implications of selections. Commits to a call and takes motion as soon as a call has been reached.

Note: If the chosen candidate is a present World Bank Group Staff Member with a Regular or Open-Ended appointment, they are going to retain their Regular or Open-Ended appointment. If the chosen candidate is a present World Bank Group Staff Member with a Term appointment that expires later than the tip date of this appointment, they are going to retain the period of their present Term appointment.

World Bank Group Core Competencies

The World Bank Group gives complete advantages, together with a retirement plan; medical, life and incapacity insurance coverage; and paid go away, together with parental go away, in addition to affordable lodging for people with disabilities.

We are proud to be an equal alternative and inclusive employer with a devoted and dedicated workforce, and don’t discriminate primarily based on gender, gender id, faith, race, ethnicity, sexual orientation, or incapacity.

Learn extra about working on the World Bank and IFC, together with our values and provoking tales.