The Development Economics Vice Presidency (DEC) is the World Bank’s central reservoir of fresh insights into the most pressing challenges of development. It is led by the Chief Economist and Senior Vice President of the World Bank Group, who advises the President and senior managers, serves as the community leader for the WBG’s economists, and helps to keep the institution in the forefront of thinking about development policy. DEC constitutes one of the world’s largest teams of economists focused on policy solutions for developing economies.
The Chief Economist for Prosperity serves as the principal economic adviser within the vertical, reporting directly to the WBG Chief Economist and DEC Senior Vice President, while maintaining a dotted reporting line to the WBG Prosperity Vice President. S/he will be accountable for:
• Coordinating DEC Research, Markets, Data, Indicators and Impact Group services for the vertical.
• Working with vertical departments and WBG academies to improve economic analysis.
• Collaborating with vertical departments to scale and replicate successful public and private initiatives and adoption of efficient regulations.
• Ensure the alignment of the DEC research program with vertical and regional policy priorities.
The vertical chief economist office will be staffed to intermediate knowledge flows between DEC and the vertical, both by bringing the best of DEC’s services and products to support the Vertical and ensuring the alignment of DEC’s research, markets, and impact programs with the policy priorities of the Vertical.
The WBG Prosperity Vice Presidency leads the WBG’s key global engagements in support of: Growth and jobs (including supporting teams across the WBG on the jobs agenda); debt sustainability and debt management; improved domestic resource mobilization and expenditure efficiency; a resilient and inclusive financial sector; business-enabling policies and regulations; trade policy and facilitation; and transparent, effective, and accountable government institutions world-wide. The Vice Presidency also houses the group that examines the distributional/poverty impacts of all policies. It is responsible for getting the right public and private sector solutions to our operational teams and to our clients, and to produce scalable impact. Its mandate is to deliver knowledge for impact to enable and support the WBG to achieve its goals in support of our mission and specifically: providing guidance on creating more and better jobs; supporting foundational infrastructure and human capital, a business-enabling policy environment, and private sector mobilization; focusing on agribusiness, healthcare, infrastructure, manufacturing, and tourism; and support and accelerate corporate targets and commitments. The VPU’s objectives in driving outcomes include replicating and scaling effective solutions, enhancing thought leadership and innovation, and delivering timely knowledge to client teams in the areas of its mandate.
While managing a small team of 4-5 staff in the Vertical Chief Economist Office, the Vertical Chief Economist will also assist the DEC Research Director in supervising the policy research program for the vertical. The Vertical Chief Economist will draw on staff across DEC to advance research, development data, and development impact in the vertical.
Duties and accountabilities:
• Advise the Vertical Vice President and leadership team on economic risks and opportunities, drawing on DEC work programs and operational experience.
• Lead and manage a small team within the Vertical Chief Economist Office, staffed to facilitate work on development data (e.g. Data360), development impact (Learn Adapt and Scale LEADS), and policy indicators (Regulatory Efficiency).
• Provide quality control and oversight of analytical work in the Vertical.
• Lead research and flagship reports, in collaboration with DECRG.
• Assist the DEC Research Director in supervision of DEC’s research for the Vertical.
• Facilitate implementation of impact evaluations and promote evidence-based policy and program design.
• Collation, quality control, and dissemination of development data in the Vertical.
• Implementing protocols for global policy indicators in the Vertical.
• Accountable to the World Bank Group Chief Economist for corporate priorities, policy research, impact evaluation, and development data related to the vertical.
• Accountable to the Vertical Vice President for quality assurance of economic analysis.
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