Presentation is loading. Please wait.

Presentation is loading. Please wait.

World Bank in Croatia & Career Opportunities

Similar presentations

Presentation on theme: "World Bank in Croatia & Career Opportunities"— Presentation transcript:

1 World Bank in Croatia & Career Opportunities

2 3/28/2017 The World Bank International 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. 3/28/2017 Speakers 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 hunger Goal 2: Get all children a primary school education Goal 3: Help women get equal rights and empower them. Goal 4: Reduce death rate of young children Goal 5: Improve the health of mothers Goal 6: Combat HIV/AIDS, malaria, and other diseases Goal 7: Help countries protect their environments. Goal 8: Promote a global partnership for development

5 World Bank’s Focus of Work
Human Development Health, Nutrition, & Population Education Social Protection Sustainable Development Agriculture & Rural Environment Social Development Energy & Mining Water & Sanitation Transport Urban Development Poverty Reduction & Economic Management Economic Policy Public Sector Governance Gender & Development Finance & Private Sector Development Financial Sector IFC

6 Bank’s Agencies 1945 1960 1956 1988 1966 1) 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 facilities Graduated: 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 day Graduated: 21 countries since its inception in 1960 beginning with Chile (1960) to Philippines (1993) Determinants of access: * Performance in poverty reduction, macroeconomic management, project implementation * GNP per capita Some countries (such as China, Egypt, Kyrgys Republic, Pakistan) which are IDA eligible, also access IBRD loans 3) IFC—Financing for the private sector in developing countries. 4) MIGA—insurance for investors. Guarantees Insures new foreign investments in developing member countries against the major political risks. Legal MIGA’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 Service Complements 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 partners Investment Promotion Skills Training. This includes an Investment Promotion Toolkit - a reference for Investment Promotion Agencies on core functions and techniques of investment promotion 5) ICSID—mechanism to settle international investment disputes WB loans/credits help countries: Supply safe drinking water Build schools and train teachers Increase agricultural productivity Expand citizens’ access to markets, jobs, housing, etc. Improve health care, access to water and sanitation Manage forests and other natural resources Build and maintain roads, railways and ports Reduce air pollution, protect the environment Promote 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 Union Assist Croatia in achieving faster economic convergence with EU Improving the quality of life Increasing the sustainability of long-term development

8 Loans and Grants to date
World Bank in Croatia Loans and Grants to date Total lending around US$3 billion in 46 operations 52 grants amounting to US$70 million.

9 (in million USD)

10 Portfolio of Croatia (US$M) – February 21, 2011
Project Loan Amount Board approval Effective Closing date 1 Rijeka Gateway 194.2 07/08/2003 10/10/2003 09/30/2012 2 Social Welfare Develop. 40.0 06/14/2005 01/30/2006 03/31/2011 3 Science and Technology 38.7 07/07/2005 05/11/2006 05/31/2011 4 Education Sector Develop. 85.0 09/15/2005 03/15/2006 09/30/2011 5 Agricultural Acquis Cohes. 30.1 02/16/2006 11/21/2006 02/28/2012 6 Trade and Transp. Integr. 75.3 11/14/2006 03/20/2007 12/31/2011 7 Inland Waters 133.4 05/30/2007 01/29/2008 12/31/2012 8 Revenue Admin. Mod. 34.0 06/28/2007 12/21/2007 06/30/2013 Agricultural Pollution (GEF) 5.0 12/06/2007 07/31/2008 07/31/2012 9 Reg. Neretva & Treb. (GEF) 2.0 05/29/2008 03/06/2009 12/31/2013 10 Develop. of EMS & Invest. 28.3 09/30/2008 01/15/2009 11 Rijeka Gateway II 122.5 12/11/2008 07/14/2009 12/15/2014 12 Coastal Cities II 87.5 06/04/2009 09/30/2014 Coastal Cities (GEF) 6.4 “ “ 13 Export Finance Intermediat. 141.2 08/04/2009 11/25/2009 08/31/2013 14 Justice Sector Support 36.3 04/06/2010 07/12/2010 06/30/2015 15 EU Natura 2000 Integration 28.8 02/10/2011 04/30/2016 Total 1,088.7 -

11 Analytical and Advisory Services
World Bank in Croatia Analytical and Advisory Services Institutional 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)

12 Career Opportunities @ the World Bank

13 WBG staffing About 14,000 staff based in Washington and country offices 160 nationalities 140 languages IBRD 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 Croatia 10 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 Program Main 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 world Eligibility Requirements Must have completed Bachelors degree Be enrolled in graduate school as a full-time student Be fluent in English Paid Internship Length of Assignment: 2 weeks to 3 months Winter (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 Requirements Must have completed Bachelors Degree or higher Be 28 years of age or younger Be fluent in English 2 year paid assignment Year round selection process The 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 contract Some 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 Bank Eligibility Requirements Be 32 years of age or younger Must 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 level Passion, commitment, & experience in international development Have basic knowledge of micro & macro economics Highly competitive recruitment process 12-18 months as Young Professional before regular position in the WB 2 rotational assignments in different units/ country office of developing country 2-3 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 Session Junior Professional Associates: Applications are accepted throughout the year Young 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 Programs The Robert S. McNamara Fellowships Program (RSM Fellowships)

22 JJ/WBGSP, the Regular Program
24th year 61,319 applicants, 3,412 scholarships source of funding: Government of Japan individuals 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 world preference to fields of study related to  Millennium Development Goals– economics, agriculture, women studies, child care etc. maximum duration 2 years yearly 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 country Hold 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 applicants 62.5% 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 thesis grants cover residence costs for a 5 to 10 month period in a renowned university or research center should be accepted or invited by a host institution fellows are expected to advance their research work: by using the facilities and resources provided by the host institution by interacting with peers The maximum amount of the grant is US$ 25,000.

27 Who Can Apply? lecturers and researchers from eligible countries working on their doctoral thesis should be under 45 should have completed any course work or exams required for their doctoral program research 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:

Download ppt "World Bank in Croatia & Career Opportunities"

Similar presentations

Ads by Google