World Bank

Extended Term Consultant

World Bank

Job Description

Job #: req10632 Organization: World Bank Sector: Financial Sector Grade: EC1 Term Duration: 1 year 0 months Recruitment Type: Local Recruitment Location: Colombo,Sri Lanka Required Language(s): English, Sinhala/Tamil Preferred Language(s): Closing Date: 2/3/2021 (MM/DD/YYYY) at 11:59pm UTC Description

Do 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 consists of two entities - the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). It is a Global Development cooperative owned by 189 member countries. As the largest development bank in the world, the World Bank provides loans, guarantees, risk management products, and Advisory Services to middle-income and creditworthy low-income countries, and coordinates responses to regional and global challenges. For more information, please visit www.worldbank.org. Unit Context The Global Practice for Macroeconomics, 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 AAA-Analytic and Advisory Activities and client advisory work requiring integrative functions that add to the core Macroeconomic expertise. As such, MTI staff often lead or participate in the preparation of Strategic Country Diagnostics, Country Economic Memorandums and 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, which comprises 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. Country Context The MTI Team in Sri Lanka and the Maldives is responsible for providing Analysis" id="link" class="link">Technical Analysis and advice, policy dialogue, and Capacity Building support in the areas of macro-economic and fiscal management, as well as debt management. In addition to regular economic monitoring and modelling, the team works on policy-based financing operations and analytical publications on the drivers of growth and quality of public spending. The country team also supports the Country Management Unit of Nepal, Sri Lanka and the Maldives on ad hoc corporate-related tasks and briefs. The Sri Lanka and Maldives MTI team seeks a Consultant to work on topics related to both countries. The Consultant should ideally be based in Sri Lanka, but virtual arrangements can be considered for exceptionally strong candidates. The selected candidate is expected to make substantial contributions to analytical and operational work for Sri Lanka and Maldives. He or she will report to the MTI Practice Manager for South Asia. Job Duties and Responsibilities: The Consultant will work directly under the supervision of the members of the MTI team. The main areas of analysis are macro developments, fiscal and monetary policy analysis, trade and debt. Examples of tasks include: Manage and regularly update macroeconomic, fiscal and debt databases; Produce descriptive statistics and economic analyses using the abovementioned data; Perform basic econometric analysis (time series, analysis of panel data, etc); Contribute to the preparation of just-in-time briefs, short pieces and development updates on the country's macroeconomic situation and outlook; Support the Economic Policy dialogue and the interactions with the authorities and other development partners; Other tasks that may be requested by the team related to the macro-fiscal monitoring, analysis and support program.

Selection Criteria

Master's degree in economics, statistics or related fields with strong empirical content, with a minimum of 3 years of relevant experience or an equivalent combination of education and experience. Demonstrated knowledge of macroeconomics, fiscal policy and/or Econometrics is required; Strong analytical, conceptual and communication skills, especially in writing for a policy audience; Experience in managing macroeconomic databases and/or working with large datasets such as household surveys; Ability to work independently, under pressure and flexibly on a wide range of assignments with minimal supervision; Willingness to learn quickly and support the team to deliver on a variety of tasks, taking initiative and personal responsibility to meet targets and quality standards. High motivation and the capacity to work comfortably in a diverse environment. Former and current ET staff who have completed all or any portion of their second-year ET appointment are not eligible for future ET appointments. For information about WBG Core Competencies, please visit: https://bit.ly/2kbIA7O Note: The selected candidate will be offered a one-year appointment, renewable for an additional one year, at the discretion of the World Bank Group, and subject to a lifetime maximum ET Appointment of two years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their second-year ET appointment are not eligible for future ET appointments.

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