Job Description

Deputy Chief Economist and Director, Private Markets

Job #: req35255 Organization: World Bank Sector: Economics Grade: GI Term Duration: 4 years 0 months Recruitment Type: International Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): Closing Date: 1/9/2026 (MM/DD/YYYY) at 11:59pm UTC

Description

Do you want to build a career that is truly worthwhile? The World Bank Group is a unique global partnership of five institutions driven by a bold vision to create a world free of poverty on a livable planet. As one of the largest sources of funding and knowledge for developing countries, we help solve the worlds greatest development challenges. When you join the World Bank Group, you become part of a dynamic, diverse organization with 189 member countries and more than 120 offices worldwide. We work with public and private sector partners, invest in groundbreaking projects, and use data, research, and technology to bring tangible and transformative changes around the globe. For more information, visit

The Development Economics Vice Presidency (DEC) is the World Banks 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 WBGs economists, and helps to keep the institution in the forefront of thinking about development policy. DEC constitutes one of the worlds largest teams of economists focused on policy solutions for developing economies.

The World Bank Group Chief Economist is hiring a deputy Chief Economist and Director, Private Market Department to scale up analytical and advisory capabilities to support private sector development, crowd in private capital, and manage macro, market, and political risk in emerging markets. The role will serve as economic advisor to IFC and MIGA, bridge DECs global knowledge with operational needs on private sector issues and lead a team that provides research insights and development data aligned with IFC and MIGA priorities.

Duties and accountabilities

• Set and execute a joint IFCMIGA economics research agenda within DEC, prioritizing topics central to private sector investment, guarantees, and risk mitigation.
• Advise IFC and MIGA Management on macro, market, and policy issues that impact pipelines, portfolio performance, and risk appetite.
• Provide quality assurance on major research publications relevant to IFC and MIGA.
• Align DECs global research, indicators, and development data with IFC and MIGA operational needs; mobilize DEC networks and advisory capacity.
• Curate and commission research and flagship analytics relevant to private investment and guarantees, drawing on DEC strengths and external partnerships (universities, think tanks, IFIs).
• Promote creation and use of unique firm level and transaction level datasets, market surveys, and real time indicators that can inform IFC/MIGA operations.
• Lead dissemination of research through policy briefs, working papers, reports, seminars, and digital media; ensure products are rigorous, timely, and accessible to investors, clients, and policymakers.
• Lead, mentor, and manage the private markets department; promote a culture of analytical excellence, innovation, and knowledge sharing.
• Plan and deliver the agreed work program on time and budget; manage resources effectively.
• Ensure proper access to information/data privacy protocols are put in place and strictly observed by DEC staff and ETCs/independent contractors.
• Ensure all research of a sensitive nature, or using confidential IFC/MIGA data, is cleared with the IFC and/or MIGA Managing Director as applicable.

Selection Criteria

• PhD in Economics with a strong publication record in fields relevant to private sector development, finance, and development economics.
• Minimum 15 years of progressively senior experience applying economics to private investment, financial markets, guarantees, or related policy work in emerging markets.
• Demonstrated leadership as an economic advisor to senior decision makers; proven ability to translate research into operationally actionable insights.
• Strong track record in building and using datasets and empirical methods (micro/macro), including firm level analysis and market monitoring.
• Exceptional written and oral communication skills for diverse audiences (Management, investors, policymakers, media).
• Proven team leadership and people management across matrixed organizations; ability to set direction, coach, and deliver through others.
• Strong collaboration skills and networks across academia, IFIs, and within the WBG; ability to operate effectively across DEC, IFC, and MIGA.
• High standards of integrity, sound judgment, and commitment to WBG/IFC/MIGA missions and values.
• WBG Managerial Competencies.

WBG Culture Attributes

1. Sense of urgency: Anticipate and quickly respond to the needs of internal and external stakeholders.
2. Thoughtful risktaking: Challenge the status quo and push boundaries to achieve greater impact.
3. Empowerment and accountability: Empower yourself and others to act and hold each other accountable for results.

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.

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