Background & General Description:
Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. 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, increasing shared prosperity, and promoting sustainable development. 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 http://www.worldbank.org.
The WBG consists of five specialized institutions: 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 global development community is at an auspicious turning point in history. Thanks to the success of the past few decades and favorable economic growth, developing countries now have an unprecedented opportunity to end extreme poverty within a generation. This is the vision of the WBG: to eradicate extreme poverty by reducing the number of people living on less than $1.90 a day to 3 percent by 2030 and promote shared prosperity by fostering the income growth of the bottom 40 percent in every country.
To achieve this vision, the WBG Board of Governors approved a strategy for the organization in 2013. This strategy leverages, for the first time, the combined strength of the WBG institutions and their unique ability to partner with the public and private sectors to deliver customized development solutions backed by finance, world class knowledge and convening services.
The strategy has three components:
(1) maximizing development impact by engaging country clients in identifying and tackling the most difficult development challenges;
The architecture underpinning the strategy and instrumental to its success is an operating model introduced in July 2014 based on fourteen Global Practices (GPs) five Cross-Cutting Solution Areas (CCSAs). Since July 1, 2015 these 14 GPs are organized under 3 Practice Group Vice Presidencies: Sustainable Development (SD); Economics, Finance and Institutions (EFI); and Human Development (HD).
THE ROLE OF THE GLOBAL PRACTICE FOR FINANCE, COMPETITIVENESS AND INNOVATION (FCI) IN THE WBG
The World Bank Group’s Finance, Competitiveness & Innovation Global Practice (FCI GP) helps client countries achieve the World Bank Group Twin Goals – poverty reduction, enhance shared prosperity – through lending and advisory support to unlock investment climate constraints, and to catalyze rapid and broad-based economic growth, centered on strong contributions from the private sector. For our clients across lower and middle-income countries and fragile and conflict-affected states, integration through trade and a focus on competitiveness are key. The FCI GP is meeting growing demand for high-impact solutions that unlock private investment, expand market opportunities, enable private initiative, and develop dynamic economies. Its country, regional, and global efforts help boost the volume and value of trade, enhance the investment climate, improve competitiveness in sectors, and foster innovation and entrepreneurship. The FCI GP’s current portfolio comprises 161 active and pipeline lending operations and nearly 350 knowledge and advisory activities in over 100 countries. The FCI GP team focuses on supporting sustained economic growth, productivity gains, job creation, and rising incomes for developing countries to eradicate poverty and boost shared prosperity. FCI’s mission is to serve as a trusted partner for countries that seek to develop dynamic and resilient economies, expand market opportunities, and enable private initiative. To this end, FCI GP supports global and country efforts to boost the volume and value of trade, enhance the investment climate, improve competitiveness in sectors, and foster innovation and entrepreneurship.
Roles & Responsibilities:
• Work with external clients and World Bank Group colleagues to deliver technical support in the areas of corporate and personal insolvency, debt resolution and corporate debt restructuring.
This position will involve extensive travel once official travel resumes after COVID-19 pandemic including to low-income countries and fragile or conflict-affected states. This position could also provide opportunities to work across related World Bank engagements in areas like Digital Economy, social protection, and eGovernance.
Candidates must have the following technical qualifications:
• Advanced degree in Law (JD, LLB, LLM or equivalent) or economics with a minimum of 5 years of relevant experience.
Note: The selected candidate will be offered a 1-year appointment, renewable for an additional 12 months, and subject to a lifetime maximum of two years.
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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|City, State:||Washington D.C.|