Economist

Job title: Economist

Company: World Bank


Job description: Economist Job #: req30917
Organization: World Bank
Sector: Macroeconomics
Grade: GF
Term Duration: 4 years
Recruitment Type: Local Recruitment
Location: Islamabad,Pakistan
Required Language(s): English
Preferred Language(s):
Closing Date: 1/3/2025 (MM/DD/YYYY) at 11:59pm UTCDescriptionDo you want to build a career that is truly worthwhile? Working at the World Bank provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank 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.VPU Context:The South Asia Region (Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka) is at a crucial stage of development. Rapid economic growth, driven by urbanization and demographic dividend, has brought down poverty rates, but severe forms of exclusion and disparities based on ethnicity, caste, and gender remain. Rapid growth has also come with congestion and pollution in cities. South Asia is more than other regions affected by changes in temperature and extreme weather event. Additional challenges are that South Asia is underperforming in exports, has large informal sectors and low female labor force participation rates. All these challenges must be addressed to secure rapid growth in coming decades. Private sector led growth, focused on investments in infrastructure, energy, logistics and cities are essential to generate the jobs needed to employ South Asia’s sizeable youth population. At the same time, the region needs to continue building human capital so that South Asia’s population is well equipped for the jobs of the future.The World Bank in South Asia:Unit Context:The Global Practice for Macro Trade & Investment (MTI) comprises about 450 staff working across more than 120 countries. Almost half of MTI professional staff are decentralized to the field working closely with the Country Management Units (CMUs) and in proximity to the clients. The Practice houses the Bank’s country economists, as well as professional staff with expertise in macroeconomics, fiscal policy, growth, statistics, trade, competition policy and investment climate. MTI professionals most often work across sectors helping carry out key integrative functions.In this context, MTI professionals are responsible for the preparation and delivery of the majority of the Bank’s Development Policy Operations using both IDA and IBRD resources. MTI professionals also lead or participate in a wide variety of Analytical and Advisory Activities and client advisory work requiring integrative functions that add to the core Macroeconomic expertiseAs such MTI staff often lead or participate in the preparation of Strategic Country Diagnostics, Country Economic Memorandum 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 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.Duties and accountabilities:

• Lead and/or contribute to the macroeconomic monitoring and surveillance of Pakistan’s economy and support the preparation of Pakistan Development Update;
• Prepare and or contribute to the monthly country risk report containing detailed description of economic and political developments along with preparation of standardized economic data;
• Prepare weekly economic monitoring reports containing information on key macro, fiscal, monetary and debt data;
• Support the implementation of the different technical assistance programs at the provincial and federal levels;
• Participate and/ or lead corporate tasks like preparation of the Country Performance and Institutional Assessment, macroeconomic projections, among others;
• Maintain the macro, fiscal and sub-national fiscal databases that the MTI team uses for economic monitoring and analytical purposes;
• Contribute to the delivery of MTI’s work program and lead the delivery of individual tasks as necessary;
• Lead short analytical pieces to support the policy dialogue on macroeconomic and fiscal policy management with the authorities;
• Work with other GPs in the country team as needed;
• Contribute to operational engagements, including project preparation and implementation, as required across the Development Policy Operation and investment portfolio.

Selection CriteriaThe position requires a motivated professional with a Master’s degree or above (PhD preferred) in Economics from a reputable university and at least 5 years of work experience, with a focus on fiscal policy or macroeconomic policy as well as strong interpersonal and team working skills.

• Practical application of economic policy and analysis in the World Bank/Pakistani context;
• Knowledge of econometric and statistical analysis techniques and of related principles underlying Bank economic work;
• Previous macroeconomic or fiscal policy work experience in Pakistan;
• Strong analytical and conceptual skills;
• Ability to work flexibly on a range of assignments, showing a strong drive for results and ability to adjust to and prioritize among a variety of complex evolving tasks;
• Ability to lead or contribute to analytical tasks;
• Strong interpersonal skills and ability to develop effective relations within and outside the Bank;
• Strong written and verbal communications, with strong command of English language.

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 and , including our values and inspiring stories.

Expected salary:

Location: Islamabad

Job date: Sat, 04 Jan 2025 05:00:00 GMT

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