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WORLD BANK GROUP VACANCY ANNOUNCEMENT for the position of Economist: The World Bank's Finance, Competitiveness, and Innovation Global Practice seeks to recruit a dynamic professional as an Economist, to be based in Nepal Country Office in Kathmandu. This is a three-year term appointment.

The candidate should have a Master's Degree or Ph.D. in economics, finance, management, business administration, and public policy with a minimum of five years of relevant professional experience. This is a position subject to local recruitment under the Nepal compensation plan.

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Details (Job# req16522) are available on the World Bank Careers website: www.worldbank.org/jobs. All applications must be submitted through this website.

The World Bank Group is committed to achieving diversity in terms of gender, nationality, culture, and educational background. Individuals with disabilities are equally encouraged to apply. The closing date is March 25, 2022.

Job #:req16522
Organization:World Bank
Sector:Private Sector Development
Grade:GF
Term Duration: 3 years 0 months
Recruitment Type:Local Recruitment
Location:Kathmandu, Nepal
Required Language(s):English; Nepali
Preferred Language(s): 
Closing Date:3/25/2022 (MM/DD/YYYY) at 11:59 pm UTC

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Description

Do you want to build a career that is truly worthwhile? 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 and promoting shared prosperity. 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 Finance, Competitiveness and Innovation (FCI) Global Practice of the World Bank combines expertise in the financial sector with expertise in private sector development to foster private-sector led growth and help create markets in client countries. FCI’s core lines of business are: (a) Firm Capabilities & Innovation; (b) Long-Term Finance; (b) Climate & Risk Management; (d) Markets and Technology; (e) Investment and Competition; (f) Financial Stability & Integrity; (g) Financial Inclusion, Infrastructure & Access. For more information, please visit https://www.worldbank.org/en/about/unit/fci

To support the growing portfolio of advisory and lending projects in the private sector development area for Nepal, the FCI Global Practice is recruiting an Economist.

We expect the selected staff to support financing/lending projects, analytical and advisory services (ASA), and policy dialogue in the private and financial sector development area. The successful candidate will be a seasoned economist that will work with colleagues in Nepal, Washington DC, and other parts of the Global Practice. The staff will report to the FCI Practice Manager based in Bangkok Thailand. 

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Responsibilities:

• Serve as a team member for lending operations, advisory, and analytical work, and contribute to the delivery and quality of financing and knowledge engagements in Nepal.
• Work on private sector development issues in Nepal with a focus on investment climate, sector development, financial inclusion, Micro, Small, and Medium Enterprise (MSME) development, private-public partnerships, and with the ability to connect financial sector development with private sector development.   
• Collect relevant financial and private sector data, conduct a quantitative and qualitative analysis of private and financial sector issues, and collaborate in the production of technical notes on financial and private sector developments in Nepal; and help with the dissemination of analytical work.
• Support the design, implementation, and monitoring of FCI financing/lending projects and advisory services and analytics (ASAs) and contribute to developing a work program of future lending and ASAs to meet the country’s needs in line with country and GP priorities.
• Work closely with other FCI and IFC staff in Nepal and beyond and staff from other global practices; contribute to briefings for WBG country management; and support the integration of relevant financial/private sector issues in the WBG country strategy, systematic country diagnostics (SCD), Country Partnership Frameworks (CPF), Country Economic Memorandum and Development Updates and work programs; you will be working closely with Program Leaders and other FCI country staff/task leaders and IFC.
• Build and maintain relationships with clients in government and the private and financial sector as well as other development partners.
• Interact predominantly with counterparts at the working level in government, businesses, and related associations, supervisory authorities as well as acts as a liaison between team members in headquarters and the country office.
• Contribute to a variety of written products and communications, including components of major reports (Briefs, Analytical Notes, Back to Office Reports, Aide Memoires, Project Concept Notes, and Project Documents), as well as drafts other technical working papers for wider circulation.

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Selection Criteria

• Master’s Degree or Ph.D. in economics, finance, management, business administration, and public policy.
• At least 5 years of relevant work experience on FCI-related development policy issues, especially on two or three of the following topics, including through quantitative analysis — the investment climate and financial markets enabling environment, firm and market competitiveness and industry solutions, and public-private partnerships. Understanding of financial sector development issues would be an asset.
• Experience and deep understanding of private sector development challenges in Nepal.
• Proven capacity to produce high quality technical notes on private and financial sector development issues.
• Proven ability to deliver high quality deliverables on time;
• Knowledge of investment policies, business environment, entrepreneurship, industry-specific solutions, or firm competitiveness and innovation. Additional knowledge of financial infrastructure, financial inclusion, MSME finance, would be a plus.
• The ideal candidate will have a combination of experience working in development organizations and the private sector. 
• Familiarity with the World Bank's operational policies and procedures would be an asset but is not a requirement;
• Strong written and oral communication skills in both English and Nepali;
• Ability to cultivate effective working relationships with government officials, development partners; and across the WBG;
• Excellent organizational, analytical, and evidence of project management skills with an ability to follow assigned tasks from conception to completion; and
• Willingness to travel within Nepal and potentially beyond.

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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