World Bank Group Working for a world free of 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  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.

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

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

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

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.

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 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 years.

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

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

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.

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

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

The World Bank Group

How does the World Bank recruit?

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

The Young Professionals Program

What is the Young 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.

 On-the-job experience: Two rotational assignments totaling 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. Structure of the YPP

 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. What happens after completion of the program?

 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. Minimum requirements?

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

Internships

The World Bank offers two paid internships Summer Internship 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

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.

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

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

How to apply? Apply on line at: CV goes into the JPA database Managers looking for a JPA search the database