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The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and most famous development bank in the world and is an observer at the United Nations Development Group. The bank is based in Washington, D.C. and provided around $61 billion in loans and assistance to "develop...
Job description
Background / General Description
THE ROLE OF THE GLOBAL PRACTICE FOR MACROECONOMICS, TRADE and INVESTMENT (MTI) IN THE WBG
On January 1, 2018, Economics, Finance and Institutions (EFI) Vice Presidency created the Macroeconomics, Trade and Investment (MTI) Global Practice. MTI is a joint IBRD and IFC team, comprised of some 450 staff, with almost half of MTI professional staff decentralized to the field working closely with the Country Management Units (CMUs) and in proximity to the clients. MTI houses the Bank’s country economists together with trade economists and specialists, debt and macro modeling experts, competition, business environment and investment policy experts who work together to support countries in their search for private sector led, inclusive growth. MTI offers integrated solutions to macroeconomic and private-sector focused structural reform programs. In doing so, MTI staff often serve integrative functions working closely with other GPs.
MTI staff work across a wide array of Bank instruments ranging from Development Policy Operations to IFC-funded advisory projects, combining the strength of Bank analysis and lending with longstanding IFC expertise in providing implementation support at the country level. MTI staff often lead or participate in the preparation of Strategic Country Diagnostics for both the public and private sectors, as well as other analytic tools such as Country Economic Memorandum and Country Private Sector Diagnostics. Knowledge and learning is a central part of MTI’s work focused on 9 thematic areas: (a) macroeconomics; (b) fiscal policy; (c) growth; (d) economic management in resource rich environments; (e) macroeconomic modelling & statistics; (f) trade and regional integration; (g) competition policy; (h) investment policy and promotion; and (i) business regulation.
REGIONAL CONTEXT
The Macroeconomics, Trade and Investment Global Practice is looking for a seasoned Senior Economist (GG) (International hire) to work on Somalia, based in Nairobi, Kenya. The MTI team provides economic analysis on a range of macroeconomic, fiscal management, trade and investment issues; supports bank management with regular economic monitoring and macroeconomic modeling/forecasting; maintains local databases for economic and social statistics for use by Bank staff based in the countries and Washington D.C; and supports the country teams providing World Bank assistance to countries in the Country Management Unit. Additionally, the MTI team also works closely with the Country Managers on a range of macroeconomic issues through Analytical products (AAA), lending operations and client advisory work.
The successful candidate will be a core team member of the MTI East Africa team and will report to the Practice Manager (GMTA3). In the day to day work, s/he will contribute mostly to work on Somalia. MFM team but may also take part in various teams led by different Task Team Leaders as agreed in periodic work program discussions with the Country Management Unit.
The World Bank Group is committed to achieving diversity in terms of race, gender, nationality, culture, and educational background. Individuals with disabilities are equally encouraged to apply.
Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 3 year term appointment.
Duties And Accountabilities
Selection Criteria
Required Competencies
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