World Bank Group
World Bank in Ankara, Turkey
Research Analyst, Türkiye
Job #: req19049
Organization: World Bank
Term Duration: 4 years 0 months
Recruitment Type: Local Recruitment
Required Language(s): English, Turkish
Preferred Language(s): Closing Date: 10/7/2022 (MM/DD/YYYY) at 11:59pm UTC
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 (link)
The Europe and Central Asia (ECA) region comprises 30 extremely diverse countries, with a population of nearly 500 million people. Three of our clients are IDA only and another 2 are IDA blend countries. The remaining 25 are IBRD eligible. 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. A predominantly middle- and high-income region, the ECA region is at the vanguard of building regional connectivity while having to manage the changing structure of the labor market and the impact of the ongoing COVID-19 pandemic. These threaten to reverse the region’s achievements in regional integration, poverty reduction and shared prosperity. Many parts of the region continue to struggle with multiple structural weaknesses, including high public debt burdens, tight fiscal space, low investment, lack of contestable markets, and financial sector vulnerabilities. In view of these challenges, the ECA regional strategy is to help countries (i) create solid foundations for higher productivity and resilience— macroeconomic and financial stability, effective governance and institutions, enabling the environment for the private sector-led growth, and capacity to address global public goods, especially climate change; (ii) build an environment for productive individuals to overcome vulnerability and achieve middle-class status—investing in maternal and child health, investing in safety nets to protect households during times of adversity, improving labor productivity and labor force participation to achieve higher incomes, fostering inclusion and engaged citizenry for shared prosperity; and (iii) enabling markets to achieve sustained and inclusive growth—support private sector growth, promote entrepreneurship, competition and innovation, facilitate access to new markets, foster regional economic integration, and participate in global value chains.
GLOBAL PRACTICE FOR MACROECONOMICS TRADE AND INVESTMENT (MTI)
The Macroeconomics, Trade and Investment (MTI) Global Practice includes around 300 staff, with almost half working in country offices located around the world. MTI is composed of the Bank’s country economists, trade economists and specialists, debt and macro modeling experts, and fiscal experts. MTI offers integrated solutions to macroeconomic and structural reform programs. In doing so, MTI staff work closely with other Global Practices (GPs).
MTI staff help to shape and lead knowledge and learning related activities across a range of thematic areas, including but not limited to: (a) macroeconomics; (b) fiscal policy; (c) growth; (d) economic management in resource rich environments; (e) macroeconomic modelling & statistics; (f) trade and regional integration.
WBG AND MTI IN TURKEY
Turkey’s development achievements since the early 2000s have been some of the most impressive globally, though the economy has more recently experienced difficulties that risk the sustainability of these achievements. Long-term structural reforms, particularly between 2002 and 2007, led to a rapid acceleration in growth and a sharp decline in poverty. Though the economy has been resilient to the COVID-19 crisis and a series of other economic shocks, growing macroeconomic imbalances (high inflation and a depreciating currency in particular) have impacted investor confidence and the prospects for growth and poverty reduction in the longer run.
The WBG has a longstanding, large, and growing program in Turkey. IBRD’s active portfolio grew from US$4.4bn in 2020 to just over US$7bn in 2021/22. and includes investment operations in energy, access to finance, municipal development, disaster risk resilience, and the water sector. In addition, the WBG has a wide range of knowledge products to inform policy discussions in various areas (macroeconomics, trade, productivity, education, labor, finance, competitiveness, transport, climate change, forestry, land, and energy) and are the Bank’s primary instruments for broadening engagement with all stakeholders in Turkey.
MTI has a growing and exciting program in Turkey. The MTI team has led operations, flagship country economic reports, public finance reviews, and a semi-annual Turkey Economic Monitor. It has provided technical assistance on a range of issues including macroeconomic modeling and forecasting, fiscal policy, trade policy, productivity and other topics. The team has a strong technical engagement with key agencies of economic management across government and other stakeholders in the private sector, academia and the civil society.
ROLES AND RESPONSIBILITIES
In this context, the MTI GP is looking to appoint aa Research Analyst to join the MTI and broader country team in Ankara. The successful candidate is expected to:
- Collect and analyze economic data on Turkey, including but not limited to data on national accounts, prices, external trade and debt, fiscal accounts, monetary and exchange rate issues, and performance by companies. The data collection will include frequent communications with relevant ministries, the central bank, the statistics agency and others.
- Maintain and wherever relevant and feasible enhance, economic monitoring databases to support economic analysis and policy dialogue.
- Contribute to macroeconomic monitoring and analysis to inform WBG engagement in Turkey
- Contribute to analytical work and reports relating to growth, public finances, structural reform and other economic topics, and take the lead on specific parts or chapters of the reports.
- Work closely with other GPs (within the Equitable Growth, Finance and Institutions practice group (EFI) as well as Sustainable Development and Human Development Practice Groups) on economic monitoring and policy notes.
- Support the analytical work program of the Country Management Unit (CMU) including the preparation of the CPIA, SCD, and other key strategic pieces
- Participate actively in the MTI Global Practice and the MTI ECA Unit
- 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
- Minimum of a Masters’ degree in economics and at least 2 years of relevant professional experience.
- Strong analytical and quantitative skills in macroeconomic and fiscal management and ability to support policy-relevant research.
- 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 Turkish (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.
- Strong ability to function well in a multi-cultural environment and working in teams.
- High energy and demonstrated interest in achieving impact through analytical work and technical assistance for demanding and sophisticated clients.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.