- Research Analyst
- Economic Policy
- Podgorica, Montenegro
- Local Hire
THE WORLD BANK GROUP
Established in 1944, the WBG is one of the world’s largest sources of funding and knowledge for development solutions. In fiscal year 2017, the WBG committed $59 billion in loans, grants, equity investments and guarantees to its members and private businesses, of which $19 billion was concessional finance to its poorest members. It is governed by 188 member countries and delivers services out of 120 offices with nearly 15,000 staff located globally. For more information, please visit www.worldbank.org
THE ROLE OF THE GLOBAL PRACTICE FOR MACROECONOMICS, TRADE and INVESTMENT (MTI) IN THE WBG
On January 1, 2018, Economics, Finance and Institutions (EFI) Vice Presidency created the Macroeconomics, Trade and Investment (MTI) Global Practice. MTI is a joint IBRD and IFC team, comprised of some 450 staff, with almost half of MTI professional staff decentralized to the field working closely with the Country Management Units (CMUs) and in proximity to the clients. MTI houses the Bank’s country economists together with trade economists and specialists, debt and macro modeling experts, competition, business environment and investment policy experts who work together to support countries in their search for private sector led, inclusive growth. MTI offers integrated solutions to macroeconomic and private-sector focused structural reform programs. In doing so, MTI staff often serve integrative functions working closely with other GPs.
MTI staff work across a wide array of Bank instruments ranging from Development Policy Operations to IFC-funded advisory projects, combining the strength of Bank analysis and lending with longstanding IFC expertise in providing implementation support at the country level.
MTI staff often lead or participate in the preparation of Strategic Country Diagnostics for both the public and private sectors, as well as other analytic tools such as Country Economic Memorandum and Country Private Sector Diagnostics. 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.
Background & General Description:
The Europe and Central Asia (ECA) region of the World Bank is highly diverse, with countries of all income levels and wide differences in resource endowments, human capital, and institutional capacity. ECA has a strong lending pipeline as well as a large and growing portfolio of Reimbursable Advisory Services. Knowledge is critical to the Bank’s value proposition to client countries in the ECA region in both lending and advisory services.
The World Bank is hiring a Research Analysis based in Podgorica, Montenegro, to join the team of country economists in ECA. The World Bank is working closely with the authorities in Montenegro through a series of policy-based financing to strengthen public finance sustainability and financial sector resilience, as well as through investment operations in the areas relevant for Montenegro’s European Union accession and economic growth. The World Bank MTI team is also engaged in analytical and advisory activities in Montenegro focusing on macroeconomic monitoring, fiscal and debt sustainability, economic growth and structural reform issues. The World Bank program has been closely coordinated with international partners, including the International Monetary Fund and the European Commission to ensure complementarities in policy support and technical assistance.
The World Bank Group is committed to achieving diversity in terms of race, gender, nationality, culture, and educational background. Individuals with disabilities are equally encouraged to apply.
Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 2 year term appointment.
The Research Analyst is expected to work closely with the MTI economists covering Montenegro as well as the Western Balkans region. The key responsibilities include the following:
• Collect and analyze economic data on Montenegro (and the region as needed), including but not limited to data on national accounts, prices, external trade and debt, fiscal accounts, monetary and exchange rate issues, financial sector data, and performance by companies. The data collection will include frequent communications with relevant ministries, the central bank, the statistics agency and others.
• Maintain current statistical databases covering the above areas, produce regular projections, and write ad-hoc notes on data releases and projections as needed.
• Provide analytical support for country-specific and regional economic reports (such as the Western Balkans Regular Economic Report among others).
• Provide support in the preparation of the Montenegro policy-based financing.
• Independently research and analyze specific economic, fiscal, financial, or sector topics and issues for lending, research, and or policy related tasks. Prepare sections of country economic, sector, strategy or research reports involving the analysis, evaluation and preparation of data.
• Work closely with colleagues from the poverty global practice to prepare regular twice a year macro-poverty forecasts.
• Support and facilitate missions by colleagues from MTI and engage with country management staff on economic issues.
• General Economic Knowledge and Analytical Skills – Possesses a demonstrated track record of working with economic and sectoral data and analytical tools and models to conduct economic analyses and produce user-friendly written outputs; understands underlying statistical concepts.
• Knowledge and Experience in Development Arena – Understands policy making process; distills operationally relevant recommendations/lessons for clients.
• Policy Dialogue Skills – Identifies and assesses policy issues and plays an active role in the dialogue with the government and/or other stakeholders.
• Integrative Skills – Working to develop an integrated view across all facets of current sector.
• Macroeconomic Skills and Country Economics Experience – Demonstrates basic macroeconomic modeling skills and knowledge; understands how different accounts in an economy fit together and links among real, monetary, trade, debt and balance of payments accounts.
• Written and Verbal Communication – Delivers information effectively in support of team or workgroup
• Lead and Innovate- Develops innovative solutions.
• Deliver Results for Clients- Proactively addresses clients’ stated and unstated needs.
• Collaborate Within Teams and Across Boundaries- Collaborates across boundaries, gives own perspective and willingly receives diverse perspectives.
• Create, Apply and Share Knowledge- Applies knowledge across WBG to strengthen solutions for internal and/or external clients.
• Make Smart Decisions- Interprets a wide range of information and pushes to move forward.
Other Selection Criteria
• Master’s Degree in Economics and at least 2 years of relevant experience.
• Strong analytical and quantitative skills.
• Technical Proficiency: Skills and experience in working on economic policy issues and data analysis.
• Proven strong conceptual, analytical and evaluative skills in these areas.
• Ability to write and speak fluently in English and Montenegrin (both essential), including the ability to present complicated analyses to non-specialist audiences.
• Familiarity with econometric packages (e.g., EViews, STATA) and spreadsheet models; experience in working with macroeconomic data and writing macroeconomic research reports would be an added advantage.
• Communication and Team Skills: High level of personal and professional integrity. Self-starter. Strong ability to function well in a multi-cultural environment, and working in teams.
• Results-oriented personality with proven problem-solving skills, and strong communication skills.
• Computer Skills: Familiarity with econometric software such as E-Views, STATA or other statistical packages and MS Office programs, including Excel, is essential.