World Bank

Extended Term Consultant

World Bank

Job Description

ET Consultant

Job #: req10606 Organization: World Bank Sector: Economics Grade: EC2 Term Duration: 1 year Recruitment Type: Local Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): Arabic, Chinese, French, Russian or Spanish Closing Date: 1/30/2021 (MM/DD/YYYY) at 11:59pm UTC Description

Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. 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, 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 In fiscal year 2019, the WBG committed more than $62.3 billion in loans, grants, equity investments, and guarantees to its members and private businesses. IBRD saw continued client demand for its services and made commitments totaling $23.2 billion. IDA, our fund for the poorest, provided $21.9 billion to support countries most in need to face their toughest challenges. IFC and MIGA, our two institutions focused on private sector development, delivered about $9.3 billion in financing and issued $5.5 billion in guarantees respectively. The WBG is governed by 188 member countries and delivers services out of 120 offices with nearly 15,000 staff located globally.

The vision of the WBG is to eradicate extreme poverty by reducing the number of people living on less than $1.90 a day to 3 percent by 2030 and promote shared prosperity by fostering the income growth of the bottom 40 percent in every country. To achieve this vision, the WBG Board of Governors approved a strategy for the organization in 2013. This strategy leverages, for the first time, the combined strength of the WBG institutions and their unique ability to partner with the public and private sectors to deliver customized development solutions backed by finance, world class knowledge and convening services. The strategy has three components: (1) maximizing development impact by engaging country clients in identifying and tackling the most difficult development challenges; (2) promoting scaled-up partnerships that are strategically aligned with the goals; and (3) crowding in public and private resources, expertise and ideas.

The architecture underpinning the strategy and instrumental to its success is an operating model introduced in July 2014 based on 14 Global Practices (GPs) and 5 Cross-Cutting Solution Areas (CCSAs). Since July 1, 2015 these 14 GPs are organized under 3 Practice Group Vice Presidencies: Sustainable Development (SD); Economics, Finance and Institutions (EFI); and Human Development (HD). THE FISCAL POLICY AND SUSTAINABLE GROWTH UNIT: The Fiscal Policy & Sustainable Growth Unit (EMFTX) in the Macroeconomics, Trade & Investment Global Practice (MTI) assists internal and external clients in developing strategies and balancing risks and trade-offs in their public expenditures and domestic resource mobilization efforts in order to advance the World Bank's twin goals of ending extreme poverty and boosting shared prosperity. As part of this mandate, EMFTX supports the development and mainstreaming of macroeconomic policies for climate-resilient, low-carbon Economic Growth and economic stability. The unit represents MTI in exchanges with other World Bank Group departments on integrating Climate Change into the institution's wider work in a way that supports equitable growth. EMFTX also engages with development partners and other stakeholders in the global debate on domestic resource mobilization (including the IMF, OECD and UN in the Platform for Collaboration on Tax). The Fiscal Policy & Sustainable Growth Unit advises MTI units on achieving the Global Practice's corporate commitments on Climate Co-Benefits and leads the Secretariat for the Coalition of Finance Ministers for Climate Action. Through the Coalition, 54 Finance Ministers are collaborating on the implementation of the "Helsinki Principles" for driving Collective Action of Finance Ministries on climate change and its impacts. ROLES AND RESPONSIBILITIES: The ETC will work for approximately 50% of their time on (1) modeling environmental tax/subsidy reforms in EMFTX and (2) cross-support for Climate Finance projects with the Climate Change Group. Part (1) - Environmental Taxation: The ETC will be an integral part of EMFTX's team working on environmental tax reforms, with a focus on carbon taxation. The ideal candidate unites an intrinsic interest in rigorous research applied to concrete policy questions and the passion to help developing country clients in the field. Tasks will be split between the technical development of the Carbon Pricing Assessment Tool (CPAT) and the co-authoring of technical reports using CPAT for evaluating specific environmental tax proposals in client countries. CPAT is a joint project of EMFTX with the Climate Change Group that is rolled out over the period 2020-2023. CPAT's objective is to help generalist fiscal economists advising developing countries as well as the finance ministries of these countries assess the broad effects of carbon tax reforms on emissions, tax revenues, output, employment, macrostructural shifts, equity, and development co-benefits . The ETC is expected to contribute to all modules within CPAT, but with a focus on the GHG mitigation module which quantifies the impact of carbon pricing instruments on structural change towards decarbonization, especially of the power sector. The work requires advanced programming in both Excel and the statistical program language 'R'. Besides the work on CPAT itself, the ETC might work on connecting CPAT to a Multi-Regional Input-Output Model (MRIO) for analyzing sectoral shifts, consumption-based carbon pricing, and potentially output-based rebates, and a forthcoming long-term growth model on the basis of MTI's macrostructural model (MFMod). The ETCs role in country projects will entail writing technical reports and providing presentations and trainings to client countries and country economists. For the country work, the ETC will likely be asked to travel internationally (after COVID) as part of project teams. Part (2) - Climate Finance: The ETC will equally be in integral part of climate finance workstreams in the Climate Change Group and help connect these workstreams with policy lending work in MTI. To this end, the ETC will spend approximately 50% of their time on providing cross-support to the World Bank's Climate Change Fund Management Unit which is home to climate finance initiatives that deliver innovative and scalable climate and environmental action. With more than $5 billion in capital these initiatives: (i) create partnerships to develop new financial instruments for low-carbon, climate-resilient development, (ii) build supportive policy and regulatory environments to help lower the cost of capital and dismantle barriers to projects, (iii) catalyze private sector capital to finance and scale-up climate action. The selected candidate will be part of the unit's core team on climate finance. In June 2020, the Bank released a report, 'Transformative Climate Finance : A New Approach for Climate Finance to Achieve Low-Carbon Resilient Development in Developing Countries. Follow-on work will soon be launched to apply the principles developed in that report to specific countries and sectors to determine how scarce international public finance resources can be deployed with greatest transformational impact. Tasks related to this work will include working with the core team to plan and program activities, research and writing related to the topics and interacting with consultants and World Bank staff undertaking the needed work in partnership. The selected candidate will also act as Coordinator of a new World Bank Group Community of Practice (CoP) for Climate Finance. This work entails: Identifying and following emerging and relevant themes relating to provision of climate finance to developing countries; Curating and sharing media and reports on climate finance subjects; Populating intranet sites with information useful to WBG staff on these subjects; Identifying topics of interest for WBG on climate finance to hold workshops or seminars and organizing these workshops including identifying and securing appropriate speakers. Furthermore, the ETC will work with relevant teams to identify novel, economically robust approaches to using dedicated climate finance through MDBs to catalyze private financing and transformative climate finance in developing countries. The ETC will equally undertake research into selected topics related to climate finance, including inter alia: green financial sector reform; fiscal policies for climate (e.g., fuel subsidy and tax reforms); finance for green innovation; blended finance; and private-sector leveraging for climate action. More generally, the ETC will draft and edit documents for senior staff and management on selected climate-finance topics.

Selection Criteria

Advanced degree in Economics or a closely related subject and at least three years of relevant professional experience. Required Competencies:
  • Experience/knowledge of climate-fiscal policy - an advanced understanding of the quantitative literature on environmental taxation is strongly preferred, ideally with a focus on quantitative modeling of low-carbon structural change.
  • Experience/knowledge of climate finance - strong, demonstrated ability to research complex economic and financial topics relating to climate finance and draft cogent for audiences with various levels of understanding and experience.
  • Econometrics - knowledge of graduate-level micro- and macro-econometrics is required.
  • Economic modeling - advanced knowledge of constructing economic models in R and Microsoft Excel is required. Knowledge of engineering-type power sector modeling, climate models, macrostructural modeling and multi-regional input-output models are a strong plus.
Other Selection Criteria:
  • Enthusiasm to work in the international development world as part of a team to Design and deploy novel forms of finance to help developing countries achieve their climate goals.
Experience working in developing countries and with ministries of finance/economy is a strong plus.

Strong communications skills, including the ability to present complex analyses to non-specialist audiences; Ability to work flexibly on a range of assignments and adjust to a variety of complex evolving tasks to meet tight deadlines; Integrative capacity including the ability to situate sectoral issues within a broader development framework; Strong client-orientation and diplomatic skills combined with candor and courage of opinion; Strong interpersonal skills and the capacity to work in teams across organizational boundaries within a multi-cultural environment Willingness to frequent global travel; Excellent oral and written communication skills in English is required; knowledge of other languages widely spoken in developing countries, especially Arabic, Chinese, French, Russian or Spanish, is a strong plus.

Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.
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