Established in 1944, the World Bank Group (WBG) is one of the world’s largest sources of funding and knowledge for development solutions. 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). IBRD and IDA are commonly known as the World Bank, which is organized into six client-facing Regional Vice-Presidencies, several corporate functions, and – as of July 1, 2014 – has introduced fourteen Global Practices (GPs) as well as five Cross-Cutting Solution Areas (CCSAs) to bring best-in-class knowledge and solutions to regional and country clients. The WBG provides loans, grants, equity investments and guarantees to its members and private businesses. The WBG also has a strong portfolio of reimbursable advisory services (RAS) paid for by individual member countries, especially among those whose income per capita is above the borrowing threshold. It is governed by 188 member countries and delivers services out of 120 offices with nearly 15,000 staff located globally.
The 14 GPs are: Agriculture; Education; Energy and Extractives; Environment and Natural Resources; Finance and Markets; Governance; Health, Nutrition and Population; Macroeconomics and Fiscal Management; Poverty; Social Protection and Labor; Social, Urban, Rural and Resilience; Trade and Competitiveness; Transport and ICT; and Water. The 5 CCSAs are: Climate Change; Fragility, Conflict and Violence; Gender; Jobs; and Public-Private Partnerships. The new operating model is part of a broader internal reform aimed at delivering the best of the World Bank Group to our clients, so that together we can achieve the twin goals of (1) ending extreme poverty by 2030, and (2) promote shared prosperity for the bottom 40% of the population in every developing country.
GLOBAL PRACTICE FOR MACROECONOMICS and FISCAL MANAGEMENT
The Global Practice for Macroeconomics and Fiscal Management (MFM) comprises about 304 staff working across more than 100 countries. The Practice houses the Bank’s country economists as well as professional staff with expertise in macroeconomics, fiscal policy, growth, and statistics. About fifty percent of MFM professional staff is decentralized to the field working very closely with the Country Management Units (CMUs) and in proximity to clients. MFM professionals most often work across sectors helping carry out key integrative functions. In this context MFM professionals are responsible for the preparation and delivery of the majority of the Bank’s Development Policy Operations using both IDA and IBRD resources. MFM professionals also lead or participate in a wide variety of Analytical products (AAA) and client advisory work requiring an integrative functions that add to the core MFM expertise. As such MFM staff often lead or participate in the preparation of Strategic Country Diagnostics, Country Economic Memorandums and cross sector Public Expenditure Reviews. An important additional element of engagement in macroeconomic and fiscal policies is carried through work on debt management supported by the Debt Management Facility. Knowledge and learning is a central part of MFM with work focused on 5 thematic areas: (a) macroeconomics; (b) fiscal policy; (c) growth; (d) economic management in resource rich environments; and (e) macroeconomic modelling & statistics.
REGIONAL AND COUNTRY CONTEXT
The Macro Fiscal Management Global Practice is looking for a strong Economist (GF) (Local hire) to work with the Macro Fiscal Global Practice team based in Bujumbra, Burundi. The Macroeconomic and Fiscal Management (MFM) team in Bujumbra provides economic analysis on a range of macroeconomic and fiscal management issues. The team supports bank management with regular economic monitoring and macroeconomic modeling/forecasting. The team further maintains local databases for economic and social statistics for use by Bank staff based in Burundi and Washington D.C. Additionally, the MFM team also works closely with the Country Management Unit on a range of fiscal issues through Analytical products (AAA), lending operations and client advisory work.
The successful candidate will join the MFM team in Bujumbra, Burundi and will report to the Practice Manager, MFM (GMF07). In the day to day work s/he will contribute mostly to the Burundi MFM team but may also take part in various teams led by different Task Team Leaders as agreed in periodic work program discussions.
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.
Specifically, the Economist will:
• Monitor developments in the economy, research and analyze the country’s economic, financial and sector issues;
• Maintain macroeconomic database and regularly prepare updated medium-term macroeconomic projections. Use/run economic/financial models and toolkits using existing software packages, or Bank’s own models;
• Collect and analyze data as well as participate in exchange of information with Government, private sector officials and other international financial institutions;
• Participate in the design, preparation and implementation of budget support and lending operations in Burundi;
• Participate in the design, preparation and dissemination of analytical economic work and reporting on Burundi, including country economic updates, and coordinate the preparation of the Country Policy and Institutional Assessment (CPIA);
• Prepare briefs and analytical notes, and contribute to the writing of sections in analytical reports, in particular for the Burundi Economic Updates and support the Country Management Unit (CMU) in the implementation of the World Bank’s Burundi program
• Engage in policy dialogue with governments of BurundiT in coordination with the Lead Economist or Senior Economist;
• Develop and maintain active engagement with other development partners and local think tanks and researchers.
• Conduct any other tasks that may be assigned to him/her
• Technical Proficiency: Skills and experience in working on economic policy issues and data analysis. Proven strong conceptual, analytical and evaluative skills in these areas.
• Communication and Team Skills: High level of personal and professional integrity. Self-starter. Strong ability to function well in a multi- cultural environment, and working in teams.
• Results-oriented personality with proven problem-solving skills, and strong communication skills.
• Computer Skills: Familiarity with econometric software such as E-Views, STATA or other statistical packages and MS Office programs, including Excel, is essential
• General Economic Knowledge and Analytical Skills – Possesses Cross-country knowledge in economic specialty and demonstrates ability to link the macro, institutional, and micro-level behaviors; able to support findings/policy recommendations with credible analysis and tools.
• Knowledge and Experience in Development Arena – Translates technical and cross-country knowledge into practical applications and contributions to country and sector strategies; interacts with clients at the policy level.
• Policy Dialogue Skills – Anticipates needs and requests in the field and conducts independent policy discussions with representatives of the government and non-government partners.
• Integrative Skills – Understands relevant cross-sectoral areas how they are interrelated; able to undertake cross-sectoral work in lending and non-lending operations.
• Macroeconomic skills and country economics experience – Able to translate technical analyses of macroeconomic, debt, trade, fiscal policy, and growth linkages into policy recommendations and cross-country lessons.
• Written and Verbal Communication – Demonstrates the ability to influence and persuade others to accept ideas and suggestions (such as counterparts in government, international partner organizations, academia, and Bank colleagues, senior staff and managers).
• Lead and Innovate – Develops innovative solutions with others.
• Deliver Results for Clients – Achieves results and identifies mission-driven solutions for the client.
• Collaborate within Teams and across Boundaries – Initiates collaboration across boundaries and broadly across WBG, and brings differing ideas into the forefront.
• Create, Apply and Share Knowledge – Creates, applies and shares knowledge from across and outside WBG to strengthen internal and/or external client solutions.
• Make Smart Decisions – Recommends and takes decisive action.