World Bank Group

1
World Bank Group

• Working for a world free of poverty

2
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.

3
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.

4
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

5
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

6
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 2015.

http//sima/mdg
7
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.

8
Where does the World Bank Group get its Money?

• IBRD Through the worlds capital market.
• Account for ¾ of Banks annual lending.
• Raises money by selling AAA-rated bonds and other
  debt securities.
• Changes interest that reflect cost of borrowing.
• Loans are repaid in 15-20 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 35-40 years.

9
Where does the Money go?
Lending by Region, Fiscal Year 2002
Total US19.5 billion
Source The World Bank Annual Report January,
2002
10
Todays World Bank Group is Well Positioned to
Respond to Global Development Challenges
11
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.

12
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

13
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

14
The World Bank Group

• www.worldbank.org

15
How does the World Bank recruit?
16
Recruitment through special programs and
vacancy-driven at mid-career level

• Young Professionals Program
• Junior Professional Associates
• IFCs MBA Program (Global Transaction Team)
• General vacancy-driven positions at mid-career
  level

In addition, we offer Internships to full-time
students
17
The Young Professionals Program
18
What is theYoung 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.

19
Structure of the YPP

• On-the-job experience
• Two rotational assignments totaling 12-18 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.

20
What happens after completion of the program?

• 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.

21
Minimum requirements?

• 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.

22
How to apply to the Program
The Program accepts applications on-line between
June until September 30 at WWW.WORLDBANK.ORG/CARE
ERS. Applications can also be mailed or faxed
to The World Bank The Young Professionals
Program 1818 H Street, NW Washington, D.C.
20433 Fax [phone]
23
Internships
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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

25
Requirements for Internships

• Candidates must be enrolled in a graduate
  level program (i.e. Masters 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.

26
Junior Professional Associates
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Junior Professional Associates

• Not a starting point for careers in the WB
• The minimum requirements are
• BA or Masters degree
• Fluency in English
• Computer literate
• Must be under 28 years of age

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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

29
How to apply?

• Apply on line at
• www.worldbank.org/careers
• CV goes into the JPA database
• Managers looking for a JPA search the database