2 3/28/2017The World BankInternational Bank for Reconstruction and Development established July 1944, Bretton Woods.Mission? To rebuild Europe and Japan after World War II.In 1942 The American and the British governments were planning innovations that would prevent the international economy from shrinking back into the morass of the 1930s once World War II was over. In the US, the leading planner was Assistant Secretary of Treasury Harry Dexter White; in Britain planning was dominated by John Maynard Keynes. Both White and Keynes were concerned with forming an institution that would maintain a system of fixed of international exchange rates. But both also had a secondary interest in establishing an international bank to supplement financing that depression and war shocked private financial markets would provide toward reconstruction of war damage and toward development of less economically advanced countries (at that time urged by Latin Americans)The WB and IMF were established during the final days of the Second World War. They were created in tandem with the United Nations (peace and security) which was seen as a ‘political’ space where countries could dialogue and negotiate their way through problems and hopefully avoid another world war.Since many of the economists, historians, and world leaders at the time also felt that trade wars, Great Depression, and currency imbalances had been a contributing cause to the Second World War II (i.e. trade conflict between the US and Japan), they decided to create two sister institutions to help regulate the global economy and reconstruct Europe.The IMF was therefore established to monitor and manage the global economy and provide emergency assistance to countries in times of financial crisis.The Bank, in turn, was initially established to provided the needed financing to re-construct Europe, both the victorious and defeated countries.The first conference in 1944, attended by 44 countries was held in a resort in New Hampshire called Bretton Woods, hence the name “Bretton Woods Institutions”.World Bank is:world’s largest external funder of education (over $31b since 1963)one of the largest external funders in the fight against AIDS – a cosponsor of UNAIDS.a leader in the fight against corruption. Good governance can raise incomes 4 times! Good governance work = lending and TA for judicial/legal & civil service reform, media training. To date, WB has barred 330 companies & individuals from bidding on our projects.one of the largest international funders of biodiversity projects—e.g., program with Conservation International, GEF, MacArthur Foundation & Japan on protecting biodiversity hotspots.Together with the IMF, a huge proponent of debt relief – HIPC initiative in which 28 countries are receiving $56b in debt relief over time.3/28/2017Speakers Bureau, External Affairs
3 Where Does the Bank Work Today? These are the regions of the world where we work
4 Millennium Development Goals Goal 1: Wipe out extreme poverty and hungerGoal 2: Get all children a primary school educationGoal 3: Help women get equal rights and empower them.Goal 4: Reduce death rate of young childrenGoal 5: Improve the health of mothersGoal 6: Combat HIV/AIDS, malaria, and other diseasesGoal 7: Help countries protect their environments.Goal 8: Promote a global partnership for development
5 World Bank’s Focus of Work HumanDevelopmentHealth, Nutrition,& PopulationEducationSocial ProtectionSustainableDevelopmentAgriculture & RuralEnvironmentSocial DevelopmentEnergy & MiningWater & SanitationTransportUrban DevelopmentPoverty Reduction& EconomicManagementEconomic PolicyPublic SectorGovernanceGender &DevelopmentFinance &Private SectorDevelopmentFinancial SectorIFC
6 Bank’s Agencies194519601956198819661) IBRD—Bank loans—middle income countries.Eligibility: Between US$1,506 - US$5,445 per capita income p.a.Below US$ 1506 per capita p.a.: Blend of IBRD and IDA facilitiesGraduated: 26 past borrowers, among them France (‘47), Japan (‘67)Israel (‘75), Portugal (‘89), Korea (‘94) (Korea received funds again in connection with Asia crisis)2) IDA— Bank credits—low income countries. Zero-interest loans over 30 years with 10 year grace period.Poorest countries qualify.42 countries are IDA donors—Singapore just joined IDA.Eligibility: Anywhere below US$1,506 per capita income p.a.; in practice, around US$925 per capita income p.a.IDA eligible:* 80 countries; 3.3 billion people or 80% of population in developing world.* 41 of the IDA countries in Sub-Saharan Africa, but most people in Asia* About 1.2 billion of people in IDA countries live on less than 1$ per dayGraduated: 21 countries since its inception in 1960beginning with Chile (1960) to Philippines (1993)Determinants of access:* Performance in poverty reduction, macroeconomic management, project implementation* GNP per capitaSome countries (such as China, Egypt, Kyrgys Republic, Pakistan) which are IDA eligible, also access IBRD loans3) IFC—Financing for the private sector in developing countries.4) MIGA—insurance for investors.GuaranteesInsures new foreign investments in developing member countries against the major political risks.LegalMIGA’s Legal Department assists member countries on issues related to foreign investment, including dispute mediation, and manages claims against MIGA guarantees when they arise.Investment Marketing ServiceComplements MIGA guarantees by providing advice/assistance to eligible member countries to help mobilize increased FDI flows.IPAnet and PrivatizationLink - disseminate information on investment opportunities (including from privatizations); business operating conditions and business partnersInvestment Promotion Skills Training. This includes an Investment Promotion Toolkit - a reference for Investment Promotion Agencies on core functions and techniques of investment promotion5) ICSID—mechanism to settle international investment disputesWB loans/credits help countries:Supply safe drinking waterBuild schools and train teachersIncrease agricultural productivityExpand citizens’ access to markets, jobs, housing, etc.Improve health care, access to water and sanitationManage forests and other natural resourcesBuild and maintain roads, railways and portsReduce air pollution, protect the environmentPromote good governance and strengthen government institutions, including legal & justice institutions, etc., etc.Priorities differ by country and region:For example, in Eastern Europe, 20% of the population is reaching retirement age, but there is not a working pension system. There is also a huge number of AIDS orphans there. Work has to be done at the governmental level to provide such safety nets.In the Middle East, some countries have unemployment rates
7 World Bank Role in Croatia Assist Croatia to prepare for successful membership in the European UnionAssist Croatia in achieving faster economic convergence with EUImproving the quality of lifeIncreasing the sustainability of long-term development
8 Loans and Grants to date World Bank in CroatiaLoans and Grants to dateTotal lending around US$3 billion in 46 operations52 grants amounting to US$70 million.
10 Portfolio of Croatia (US$M) – February 21, 2011 ProjectLoan AmountBoard approvalEffectiveClosing date1Rijeka Gateway194.207/08/200310/10/200309/30/20122Social Welfare Develop.40.006/14/200501/30/200603/31/20113Science and Technology38.707/07/200505/11/200605/31/20114Education Sector Develop.85.009/15/200503/15/200609/30/20115Agricultural Acquis Cohes.30.102/16/200611/21/200602/28/20126Trade and Transp. Integr.75.311/14/200603/20/200712/31/20117Inland Waters133.405/30/200701/29/200812/31/20128Revenue Admin. Mod.34.006/28/200712/21/200706/30/2013Agricultural Pollution (GEF)5.012/06/200707/31/200807/31/20129Reg. Neretva & Treb. (GEF)2.005/29/200803/06/200912/31/201310Develop. of EMS & Invest.28.309/30/200801/15/200911Rijeka Gateway II122.512/11/200807/14/200912/15/201412Coastal Cities II87.506/04/200909/30/2014Coastal Cities (GEF)6.4“ “13Export Finance Intermediat.141.208/04/200911/25/200908/31/201314Justice Sector Support36.304/06/201007/12/201006/30/201515EU Natura 2000 Integration28.802/10/201104/30/2016Total1,088.7-
11 Analytical and Advisory Services World Bank in CroatiaAnalytical and Advisory ServicesInstitutional Support/Technical Assistance:Justice Sector Public Expenditure & Institutional Review (ongoing)Croatia Science, Technology and Innovation Policy TA (ongoing)Counter-Cyclical Innovation Policies TA (ongoing)Higher Education TA (forthcoming)TA for Public Administration Reform Support (2009)TA for Institutional Framework and Fiscal Risk Assessment for Public Private Partnerships (2009)Assessment of Croatia’s Markets in Financial Instruments (MiFID) Directive Implementation (2011)Economic and Sector Work:Public Sector Policy Notes – Reform Support on labor market, pension reform options and poverty (ongoing)Governance Reforms in Support of Competitiveness and Growth (ongoing)Social Impact of the Crisis and Building Resilience (with UNDP) (2010)Croatia Supplement to Regular Economic Report (three times a year)Policy Note on Fiscal Responsibility Framework (2010)Diagnostic Review of Consumer protection and Financial Literacy (2010)EU Convergence Report (2009)Public Finance Review (2008)Regional work including Croatia:Railway Reform in South East Europe and Turkey (ongoing)The Jobs Crisis: Household and Government Responses to the Great Recession in Eastern Europe and Central Asia (2010)Regional Study on Performance Based Budgeting with Croatia case study (2010)Solid Waste Management in Bulgaria, Croatia, Poland, and Romania: A cross-country analysis of sector challenges towards EU harmonization (2010)
13 WBG staffingAbout 14,000 staff based in Washington and country offices160 nationalities140 languagesIBRD is biggest part of the WBG with about 10,000 staff
14 Croats in the WBG 37 Croatian nationals are employed by the WBG 27 are based in Croatia10 are based in Washington and work for various units (from East Asia and Africa Region to External Communications and IFC)
15 Career Opportunities Internship Program Junior Professional Associates (JPA)Young Professionals Program (YPP)
16 Internship ProgramMain goal of the Internship Program is to offer successful candidates an opportunity to improve their skills as well as the experience of working in an international environment and to teach them about the World Bank’s business in the development worldEligibility RequirementsMust have completed Bachelors degreeBe enrolled in graduate school as a full-time studentBe fluent in EnglishPaid InternshipLength of Assignment: 2 weeks to 3 monthsWinter (December-March) and Summer (June-September)
17 Junior Professional Associates Main goal is to offer the students with Bachelors degree or higher but with no or limited working experience, a learning opportunity. It provides the World Bank with strong research and analytical skills.Eligibility RequirementsMust have completed Bachelors Degree or higherBe 28 years of age or youngerBe fluent in English2 year paid assignmentYear round selection processThe JPA employment category is not an entry point for a career in the World Bank and employment beyond the initial two-year contract will be prohibited for a period of two years after the end of the contractSome alumni may rejoin the organization later in their careers
18 Young Professionals Program Main goal is to identify young talents with potential for leadership and managerial positions at the World BankEligibility RequirementsBe 32 years of age or youngerMust have completed Graduate Degree (Master Degree or equivalent)Degree must be relevant to World Bank Activities (i.e. economics, finance, education, public health, social sciences, engineering, urban planning, and natural resource management)Be fluent in English and one other WB language (Arabic, Chinese, French, Portuguese, Russian, and/or Spanish)Minimum 3 years of relevant professional experience or continued academic study at the doctoral levelPassion, commitment, & experience in international developmentHave basic knowledge of micro & macro economicsHighly competitive recruitment process12-18 months as Young Professional before regular position in the WB2 rotational assignments in different units/ country office of developing country2-3 trips to developing countries during each assignment
19 Application Process (All Programs) Bank Internship Program:Applications are accepted December 1 - January 31 for the Summer Session/September 1 – October 31 for the Winter SessionJunior Professional Associates:Applications are accepted throughout the yearYoung Professionals Program:Applications are accepted from May 1 through June 30 annually – long and competitive selection process (candidates start in September of next year)To apply and get more details please visit our website at:
20 What is the WB Scholarship Program? The objective of the Scholarship and Fellowship Programs is to help create an international community of highly-trained professionals working in the field of economic and social development.
21 WB scholarship programs: The Joint Japan/World Bank Graduate Scholarship Program (JJ/WBGSP)11 Partnership ProgramsThe Robert S. McNamara Fellowships Program (RSM Fellowships)
22 JJ/WBGSP, the Regular Program 24th year61,319 applicants, 3,412 scholarshipssource of funding: Government of Japanindividuals from WB member countries to undertake studies at universities renowned for their development research and teaching (except in their own country)open to the universities all over the worldpreference to fields of study related to Millennium Development Goals– economics, agriculture, women studies, child care etc.maximum duration 2 yearsyearly maximum grant amount US$ 35,000
23 JJ/WBGSP Regular program 11 Partnership Programs with universities around the world (e.g. Columbia, McGill, Yokohama, Tsukuba, Keio, Harvard, University of London)from 5 to 15 students per program per year
24 Who can apply?a national of a World Bank member country eligible to borrow.Applicants born after March 31, 1971.Have, at least 2 years of recent full time professional experience acquired after a university degree, in developing countryHold a bachelor's degree or its equivalent.Not be a permanent resident or a national of any industrialized country.Not be residing in an industrialized country for more than one year.Executive Directors, their alternates, staff of the World Bank Group, consultants, and relatives of the aforementioned are excluded from consideration.
25 JJ/WBGSP demographic breakdown: Africa: 63.62%South Asia: %The Middle East and North Africa: 2.78%Europe and Central Asia (ECA): 2,19 % - smallest portion of applicants62.5% of scholarship recipients studied in Europe
26 Robert S. McNamara Fellowships Program support to young researchers working in academic and research institutions from eligible countries preparing a doctoral thesisgrants cover residence costs for a 5 to 10 month period in a renowned university or research centershould be accepted or invited by a host institutionfellows are expected to advance their research work:by using the facilities and resources provided by the host institutionby interacting with peersThe maximum amount of the grant is US$ 25,000.
27 Who Can Apply?lecturers and researchers from eligible countries working on their doctoral thesisshould be under 45should have completed any course work or exams required for their doctoral programresearch in economics, health, education, agriculture, environment, natural resource management, or other development related subject
28 To apply and get more details please visit our websites at: http://www To apply and get more details please visit our websites at: