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 www.worldbank.org

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.

THE LATIN AMERICA AND THE CARIBBEAN REGION (LCR)

The World Bank Group serves 30 client countries in the Latin America and the Caribbean Region (LCR).  Clients range from large rapidly growing sophisticated middle-income clients to IDA countries to small Caribbean states to one fragile state. Despite immense resources, dynamic societies, and an average annual per capita income of about US$4,000, deep inequalities persist in most LCR countries, with nearly a quarter of the Region’s people living in poverty. The Bank’s strategy in LCR is focused on three pillars: promoting inclusive growth, investing in human capital, and building resilience. This includes encouraging better governance and economic integration and leveraging the private finance necessary to address the region’s pressing development needs.
MTI-LAC is seeking an outstanding Economist to work on macroeconomic monitoring as well as analytical and lending activities in Peru. The Economist will work closely the Senior Economist for Peru and in close collaboration with the EFI Lead Country Economist/Program Leader for the Andean Countries. She/he will be an integral part of the global MTI GP and will report to the MTI Practice Manager covering Latin America and the Caribbean.

Roles & Responsibilities:

• Plays a key role in macroeconomic monitoring, including preparation of macroeconomic projections and regular economic updates for Peru.

• Participates in analytic and lending activities in the region.

• Produces a range of key economic policy papers, policy notes and reports, at the country;

• Works closely with other GPs (within EFI as well as SD and HD) on the preparation of key strategic pieces and/or engagements;

•  Contributes to regional analytical products;

• Participates actively in the MTI Global Practice, the EFI LAC Department and the ELCMU Unit;

• Supports the Practice Manager and the Global Practice by providing inputs as needed to corporate briefs and for due diligence on macroeconomic issues;

• Engages in policy dialogue with internal and external stakeholders, in close collaboration with the CMU;

• Is involved in developing state-of-the-art approaches in applied economic analysis and in pioneering their implementation in operations and analytical work.

Selection Criteria

– A minimum of a Masters degree in Economics with at least 5 years of relevant professional experience (a completed PhD is equivalent to 3 years of relevant professional experience).

– Strong technical skills on macroeconomic, fiscal policy or growth issues. Mastery of modern macroeconomic modelling techniques is a plus;

– Proven track record in delivering high quality and technically sophisticated analytical work, with particular focus on fiscal policy and/or growth;

– Integrative skills in order to support the CMU in articulating its strategic thinking on macroeconomic issues, economic growth and poverty reduction and to articulate a coherent policy dialogue with the authorities;

– Strong oral and written communication skills, in both English and Spanish, including the ability to present complex analyses to non-specialist audiences.

– Strong client-orientation and diplomatic skills combined with candor and courage of opinion.

– Proven sense of initiative, results orientation, and teamwork qualities, and ability to work effectively across sectors/GPs;

– Ability to work flexibly on a range of assignments and adjust to a variety of complex evolving tasks to meet deadlines;

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.

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.