World Bank GroupWorking for a world free of

poverty

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.

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.

Progress toward Poverty ReductionOver 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

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

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

Priorities TodayImprove delivery of basic education

and health services. Provide social protection for those

left behind by economic change.Rural developmentProtect the environment.Support and encourage private

business development. Promote reforms to create a stable

economic environment.

Where does the World Bank Group get its Money?

IBRD – Through the world’s capital market.

Account for ¾ of Bank’s 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.

19%

9%

29%

22%

3%

18%

Africa

East Asia and Pacific

Eastern Europe andCentral Asia

Latin America and theCaribbean

Middle East and NorthAfrica

South Asia

Total = US$19.5 billion

Lending by Region, Fiscal Year 2002

Source : The World Bank: Annual Report

January, 2002

Where does the Money go?

Today’s World Bank Group is Well Positioned to Respond to Global

Development Challenges

In te rn a tio na l B a nkfo r R eco n s tru c tiona n d D eve lop m e nt

In te rn a tio n a lD e ve lo p m e ntA sso cia tion

In te rn a tio n a lF in an ce

C o rp ora tion

M u tila te ra lIn ves tm e nt

G u ara n te e A g en cy

In te rn a tio n a l C en te rfo r th e S e tt le m e nt o fIn ves tm e n t D ispu tes

W o rld B an k G ro up

World Bank Staff

Total Bank staff numbers about Total Bank staff numbers about 10,000. 7,000 at HQ and 3,000 in 10,000. 7,000 at HQ and 3,000 in the field.the field.

Recent recruitment shows an Recent recruitment shows an increase in environmental, social increase in environmental, social development experts, and finance development experts, and finance specialists.specialists.

Developing country nationals Developing country nationals represent 55% of total staff at HQ.represent 55% of total staff at HQ.

How are we organized at the work floor?

Matrix organizationBank wide

Strategic/policy & research departmentsNetworks: PREM/HDN/PSD etc.Regional orientations (5)

Regional levelCountry departmentsNetwork aligned departments

What tasks/projects do we work on ?

Country Specific workEconomic sector work/AAA/CASAdjustment operationsInvestment operations

Regional/Central taskStrategic departments (instrument & policy design)Research/Cross regional analytical support

The World Bank Group

www.worldbank.org

How does the World Bank recruit?

Recruitment through special programs and vacancy-driven at mid-career level

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

level

In addition, we offer Internships to full-time students

The Young Professionals

Program

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.

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.

Structure of the YPPStructure of the YPP

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.

What happens after completion of the program?

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.

Minimum requirements?

The Program accepts applications on-line between June until

September 30 at: WWW.WORLDBANK.ORG/CAREERS.

Applications can also be mailed or faxed to:

The World Bank

The Young Professionals Program

1818 H Street, NW

Washington, D.C. 20433

Fax (202) 522-3741

How to apply to the How to apply to the ProgramProgram

Internships

The World Bank offers twoThe World Bank offers twopaid internshipspaid 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

Requirements for Requirements for InternshipsInternships

Candidates must be enrolled in a graduate level

program (i.e. Master’s 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.

Junior Professional Associates

Junior Professional Associates

•Not a starting point for careers in the WB

•The minimum requirements are:– BA or Master’s degree– Fluency in English– Computer literate

•Must be under 28 years of age

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

How to apply?

•Apply on line at:

•www.worldbank.org/careersCV goes into the JPA database

•Managers looking for a JPA search the database