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World Bank Group

World Bank Group. Working for a world free o f poverty. The World Bank: Beginning. International Bank for Reconstruction and Development (IBRD) established July 1944, Bretton Woods, New Hampshire. Its mission? To rebuild Europe after World War II. The Role of World Bank Today.

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World Bank Group

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  1. World Bank Group Working for a world free of poverty

  2. The World Bank: Beginning • International Bank for Reconstruction and Development (IBRD) established July 1944, Bretton Woods, New Hampshire. • Its mission? To rebuild Europe after World War II.

  3. The Role of World Bank Today • A Development Finance Institution: • The largest provider of development assistance • Catalyst other investments • A Global Partner: • for securing poverty reduction and sustainable growth. • A Knowledge Bank: • Unique in its global knowledge and skills. • Provides technical assistance and advise.

  4. Progress toward Poverty Reduction Over the last 30 years, in developing countries: • Life expectancy has increased from 55 to 65 years. • The number of literate adults has doubled. • The total number of children in primary school has risen from 411 million to 681 million. • Infant mortality has been reduced by 50 percent

  5. However, Many Challenges Remain Of the 4.7 billion people who live in the 100 World Bank client countries: • 3 billion live on less than $2 a day and 1.2 billion on less than $1 a day. • Nearly 3 million children in developing countries die each year from vaccine-preventable diseases. • 113 million children are not in school. • 1.5 billion do not have clean water to drink

  6. Millennium Development Goals • Unprecedented consensus in development community for measuring and monitoring progress to development goals. • The goals set targets for reductions in poverty, improvements in health and education, and protection of the environment. • They were adopted by the World Bank, the International Monetary Fund, and other international agencies. • They measure progress from 1990 and look toward what can be accomplished by 2015. http://sima/mdg

  7. Priorities Today • Improve delivery of basic education and health services. • Provide social protection for those left behind by economic change. • Rural development • Protect the environment. • Support and encourage private business development. • Promote reforms to create a stable economic environment.

  8. Where does the World Bank Group get its Money? • IBRD – Through the world’s capital market. • Account for ¾ of Bank’s annual lending. • Raises money by selling AAA-rated bonds and other debt securities. • Changes interest that reflect cost of borrowing. • Loans are repaid in 15-20 years. • IDA – Contributions from wealthier member countries. • Established to provide concessional assistance to countries too poor to borrow commercially. • Interest free Loans (“IDA Credits”). • Borrowers pay an administrative fee (less than 1%). • Repayment is required in 35-40 years.

  9. South Asia 18% Middle East and North Africa 3% Latin America and the Caribbean 22% Eastern Europe and Central Asia 29% East Asia and Pacific 9% Africa 19% Where does the Money go? Lending by Region, Fiscal Year 2002 Total = US$19.5 billion Source : The World Bank: Annual Report January, 2002

  10. Today’s World Bank Group is Well Positioned to Respond to Global Development Challenges

  11. World Bank Staff • Total Bank staff numbers about 10,000. 7,000 at HQ and 3,000 in the field. • Recent recruitment shows an increase in environmental, social development experts, and finance specialists. • Developing country nationals represent 55% of total staff at HQ.

  12. How are we organized at the work floor? • Matrix organization • Bank wide • Strategic/policy & research departments • Networks: PREM/HDN/PSD etc. • Regional orientations (5) • Regional level • Country departments • Network aligned departments

  13. What tasks/projects do we work on ? • Country Specific work • Economic sector work/AAA/CAS • Adjustment operations • Investment operations • Regional/Central task • Strategic departments (instrument & policy design) • Research/Cross regional analytical support

  14. The World Bank Group www.worldbank.org

  15. How does the World Bank recruit?

  16. Recruitment through special programs and vacancy-driven at mid-career level • Young Professionals Program • Junior Professional Associates • IFC’s MBA Program (Global Transaction Team) • General vacancy-driven positions at mid-career level In addition, we offer Internships to full-time students

  17. The Young Professionals Program

  18. What is theYoung Professionals Program? • A starting point for careers in the World Bank Group. • It is designed for young professionals who are highly motivated to alleviate poverty and improve peoples’ lives. • The Program invests in its participants by ensuring training to enhance skills and learning on the job.

  19. Structure of the YPP • On-the-job experience: • Two rotational assignments totaling 12-18 months in Bank, IFC, or MIGA. • About two or three missions per assignment. • Structured training opportunities: • Orientation and other training. • Village/Urban slum immersion. • Mentoring and coaching: • Peer & Senior mentoring. • On-the-job coaching.

  20. What happens after completion of the program? • Subject to satisfactory performance, YPs find regular staff positions in the World Bank Group. • 70% of all YPs recruited since 1963 are still with the World Bank Group.

  21. Minimum requirements? • Masters degree: • economics, finance, social sciences and technical fields. • Some years of relevant work experience: • And/or continued academic study (e.g. Ph.D). • Must be under 32 years old.

  22. How to apply to the Program The Program accepts applications on-line between June until September 30 at: WWW.WORLDBANK.ORG/CAREERS. Applications can also be mailed or faxed to: The World Bank The Young Professionals Program 1818 H Street, NW Washington, D.C. 20433 Fax (202) 522-3741

  23. Internships

  24. The World Bank offers two paid internships SummerInternship Winter Internship • During the Summer months • (May-September) • Applications must be • received by January 31 • During the Winter months • (December-February) • Applications must be • received by September 30

  25. Requirements for Internships • Candidates must be enrolled in a graduate level program (i.e. Master’s Degree or Ph.D. program). • Full time students before and after program. • Fluency in English language is required. • Knowledge of World Bank languages is a plus: • Arabic, Chinese, French, Portuguese, Russian, • Spanish. • Strong computing skills.

  26. Junior Professional Associates

  27. Junior Professional Associates • Not a starting point for careers in the WB • The minimum requirements are: • BA or Master’s degree • Fluency in English • Computer literate • Must be under 28 years of age

  28. Structure of the JPA: • Two-year, non-renewable contract • entry-level positions • not just in Washington • with benefits • Training opportunities and networking • After completion of the program, one cannot apply for regular employment

  29. How to apply? • Apply on line at: • www.worldbank.org/careers CV goes into the JPA database • Managers looking for a JPA search the database

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