00:03 Hello,
00:04 everyone.
00:05 And welcome to the session.
00:09 Uh,
00:10 can you all hear me?
00:11 Maybe drop it in a chat if you can.
00:14 Excellent.
00:15 Very good.
00:16 Thank you all very much for joining.
00:18 My name is Irina Nikolic.
00:20 I am
00:21 the Young Professionals program,
00:23 program manager for the World Bank Group.
00:25 I'm joined um
00:28 by some great colleagues who are
00:31 young professionals at the World Bank Group or uh have recently
00:36 uh completed the first uh couple of years of the program.
00:40 And uh they will talk a little bit about their respective work areas later on.
00:46 Um,
00:47 and I am also a former young professional.
00:50 Welcome to the session.
00:52 Please visit our website.
00:54 Please look at our frequently asked questions,
00:56 uh,
00:57 look up my LinkedIn.
00:59 We are indeed,
01:00 uh,
01:01 continuously posting new content.
01:04 Um,
01:04 and so,
01:05 this would be a good way for you to see whether
01:08 this is the right program for you and,
01:11 uh,
01:11 also to learn about how to apply and hear about
01:14 the experiences of people who've been through the program.
01:16 I will,
01:17 uh,
01:18 go briefly through a presentation,
01:20 but today's focus is not on
01:23 how to apply.
01:24 It is not on general presentation.
01:26 It really is about the work that young professionals do
01:29 at World Bank IFC and MIGA across the World Bank Group.
01:33 And uh for more general information,
01:36 there is actually a recording of a session from September 4th
01:39 on our website already.
01:41 There is also going to be a recording that is
01:44 uh specific to those with the economics profile and background.
01:48 Um,
01:48 and then we will be making this uh session available as well.
01:53 We will reserve the questions,
01:55 uh,
01:56 to the,
01:57 uh,
01:57 so-called coffee corners or breakouts,
01:59 which are by area of work
02:02 after the plenary session finishes at about 9:40
02:05 um this morning.
02:07 So,
02:08 with that,
02:09 uh,
02:10 our dream
02:11 at the World Bank Group is a world free of poverty and a livable planet.
02:14 That is our shared mission.
02:15 Uh,
02:16 my colleague Marcus is going to help me go through this presentation.
02:19 Let's talk a little bit about who we are.
02:23 So,
02:24 we,
02:24 um,
02:26 work uh across all areas of development.
02:30 Uh,
02:30 we have 189 member countries,
02:33 over 12,000 different projects and operations,
02:36 and partner up,
02:37 uh,
02:38 with institutions around the world.
02:40 Our client countries,
02:41 um,
02:42 include,
02:42 uh,
02:43 people who live
02:44 really all over the world and,
02:47 uh,
02:47 we're particularly concerned with 700 million people around
02:50 the world who live in extreme poverty.
02:52 Next slide,
02:53 please.
02:55 Um,
02:55 our collective,
02:57 uh,
02:57 fiscal year 24 commitments across the World Bank Group reached,
03:01 uh,
03:01 over $130 billion
03:04 helped feed 156 million people,
03:07 improved schooling
03:08 for 280 million students.
03:11 Provid healthy water,
03:13 sanitation or hygiene to
03:15 almost 60 million people,
03:16 enabled access to sustainable transportation
03:19 to 77 million people.
03:21 That's just a small sample.
03:23 If this is exciting to you,
03:24 this is a great place to be.
03:26 Next slide,
03:27 please.
03:30 World Bank Group consists of five institutions.
03:35 Uh,
03:35 what's known as the World Bank is
03:37 the International Bank for Construction Development,
03:39 IBRD,
03:40 and IDA,
03:40 International Development Association.
03:43 IFC,
03:43 International Finance Corporation,
03:45 uh,
03:46 works on a private sector,
03:48 creating markets,
03:49 um,
03:50 and opportunities,
03:51 uh,
03:51 for mobilization of private capital.
03:53 MIGA
03:54 is a unique institution.
03:56 It's a multilateral investment guarantee agency,
03:59 um,
03:59 and it has significantly broadened the scope of its work over the past year.
04:03 It's really worth exploring their website.
04:05 It's a very exciting agenda
04:07 that they're working on
04:08 and ICSID,
04:09 um,
04:10 is an arbitration,
04:11 um,
04:12 um,
04:13 part of our institution.
04:15 We have over 18,000 staff members with 170 nationalities working in around
04:22 130 offices plus,
04:24 uh,
04:25 the Washington DC headquarters.
04:27 Moving to the next slide,
04:28 please.
04:31 We,
04:31 uh,
04:32 work in accordance to our values.
04:33 So,
04:33 our values are really important.
04:35 Please make sure
04:36 that before you apply,
04:38 you ask yourself,
04:39 am I excited by this mission?
04:41 Do I share these values?
04:42 They're the values of impact,
04:43 integrity,
04:44 respect,
04:44 teamwork,
04:45 and innovation.
04:46 Next slide,
04:46 please.
04:49 Next slide.
04:53 So I mentioned that we work across all of uh
04:56 areas of development.
04:58 Please explore our website.
04:59 We continuously post
05:02 information about our projects and operations.
05:04 Most of it is completely public.
05:06 You really can explore um as much in depth as you wish in your area
05:11 of expertise,
05:13 um,
05:13 and otherwise.
05:14 And,
05:15 um,
05:15 I also wanted to mention that we have some
05:17 of the most generous access to information policies,
05:20 um.
05:21 Of,
05:21 uh,
05:22 similar type of institutions.
05:23 So you really will be able to find a wealth of data,
05:27 whether you decide to join us or not.
05:28 Um,
05:29 we maintain,
05:30 um,
05:31 development data as well,
05:32 which I think is very useful in,
05:33 in,
05:34 in much of the work that many people around
05:37 the world do who work in international development.
05:40 Next slide,
05:41 please.
05:43 So this is where we would like to focus today.
05:45 Um,
05:46 we would encourage you to go to the World Bank Group scorecard because that
05:51 scorecard will tell you a little bit about how we measure our success.
05:55 When you go into the application form,
05:58 you will see that there are in step 6,
06:02 19 um areas of work uh in which you could um
06:07 select
06:08 to
06:09 apply to.
06:10 So that would be your first rotation in the World Bank Group.
06:14 You could,
06:14 of course,
06:15 move
06:16 to other parts of,
06:17 uh,
06:17 the organization in your second rotation
06:20 and build your career really in any part of the World Bank Group.
06:24 These 19 areas are IFC,
06:27 uh,
06:27 MIGGA,
06:28 and then 17 areas in the World Bank,
06:31 which are organized into
06:35 5 groupings.
06:37 Those groupings are people,
06:39 people,
06:40 um,
06:40 uh,
06:41 vice presidential unit works on the protection for the poorest,
06:45 no learning poverty,
06:46 and healthier lives.
06:47 So,
06:48 uh,
06:48 it's health,
06:50 education,
06:51 um,
06:51 and social protection.
06:53 Prosperity focuses on effective macroeconomic and fiscal management.
06:57 So you will see when you go into
06:59 the application form
07:01 and when you go on our website that this includes areas such as
07:04 um economic policy,
07:06 um,
07:07 the,
07:08 uh,
07:08 finance,
07:08 competitiveness,
07:09 um,
07:10 and innovation,
07:11 uh,
07:11 poverty and equity,
07:12 and institutions.
07:14 Planet
07:15 work includes Green and Blue Planet and resilient.
07:17 Populations,
07:18 inclusive and equitable water and sanitation services,
07:21 sustainable food systems,
07:23 and again,
07:23 when you go on our website and you listen to this presentation,
07:26 you'll learn more
07:27 about the units that constitute uh
07:30 work that we do in the planet as presidential unit
07:33 and across the regions.
07:35 All of these,
07:35 we're matrix organizations,
07:36 so all of these areas
07:38 also work across all of the regions in which we are present.
07:42 Um,
07:43 infrastructure,
07:44 uh,
07:44 works towards connected communities,
07:46 affordable,
07:47 reliable,
07:47 and sustainable energy for all,
07:49 and digital works in digital transformation,
07:52 including connectivity and better services across the world.
07:56 Next slide,
07:56 please,
07:56 Marcus.
08:00 Next slide.
08:03 I want to stress that the World Bank Group,
08:05 uh,
08:06 Young Professionals Program is a wonderful opportunity
08:09 to join the World Bank Group.
08:10 It is by no means the only opportunity.
08:13 If you don't meet certain criteria,
08:15 if you decide this is not the right way for you to join the World Bank Group,
08:19 please know that there are many,
08:20 many other ways to join.
08:22 We have a bank internship program
08:24 and a variety of other talent programs,
08:26 including junior professional associate,
08:28 Africa Fellows,
08:29 Treasury Fellows,
08:31 um,
08:31 etc.
08:32 We also have opportunities for short-term and extended term
08:36 consultancies as well as career opportunities as staff members,
08:40 which are continuously advertised on the careers websites
08:43 of all of our institutions.
08:45 Next slide,
08:46 please.
08:48 Next slide.
08:50 Young professionals program,
08:52 join an initial 5-year contract.
08:53 It's renewable based on performance in your work that
08:56 is best matched to your technical skills and experience.
09:00 Um,
09:00 there is a distinctive valid proposition to this program.
09:03 Your 1st 2 years are spent in at least 2,
09:06 sometimes 3 rotations
09:08 where you can experience different parts of the World Bank Group.
09:11 Um,
09:12 there is a knowledge and learning curriculum.
09:14 There are leadership development opportunities,
09:17 training and coaching,
09:18 networking and mentoring,
09:20 and you can work in Washington DC as well as country offices.
09:23 Um,
09:24 and next slide,
09:25 please.
09:28 And as I've just talked about,
09:30 there are different parts and different work areas um
09:34 of the World Bank,
09:35 IFC and MIGA that you can join and work in.
09:38 So,
09:39 when you go into the application form again,
09:41 my colleagues are going to speak more to each of these areas,
09:44 but there's 17 areas.
09:45 So,
09:46 let me just give an overview.
09:47 This is also on our website and it is also in the step 6 of the application form.
09:52 So,
09:52 please visit the websites of each of these areas.
09:56 Please also read qualifications um that are expected
10:00 and,
10:01 you know,
10:01 you can interpret it sort of as broadly as you wish,
10:04 but I think it's really important to understand the type of work that we do
10:07 and make sure that this is the right program through which to join.
10:11 So,
10:11 as I mentioned,
10:12 um,
10:13 IFC is 1,
10:14 MIGA is the 2nd.
10:17 And then there's 17 more areas which are organized into 5 groupings that
10:21 YPs could possibly sort of work in at this time.
10:24 So,
10:25 people
10:26 includes uh health,
10:27 social protection,
10:29 education.
10:29 Prosperity includes economic policy,
10:32 poverty inequity,
10:33 finance,
10:34 competitiveness and investment slash innovation,
10:37 and institutions.
10:39 Planet
10:40 includes agriculture,
10:41 climate,
10:42 environment,
10:43 social,
10:44 is around social inclusion,
10:45 and
10:46 water.
10:47 Infrastructure includes energy and extractive,
10:49 sustainable
10:51 infrastructure,
10:51 finance,
10:52 transport,
10:52 urban development,
10:53 and digital is digital transformation.
10:57 Next slide,
10:57 please.
11:00 Um,
11:01 we're very diverse,
11:03 uh,
11:03 group.
11:04 Uh,
11:04 this is the,
11:05 this year's cohort.
11:06 Please,
11:06 next slide.
11:10 Uh,
11:10 selection process,
11:11 we're going to close the window on September 30th,
11:14 and then there is a series of things that happens.
11:17 Please don't worry too much about
11:19 whether you get an email at the same time as somebody else.
11:21 If you're talking to other people who are applying.
11:24 It's,
11:24 uh,
11:25 all you need to know,
11:25 it's a process that you will get informed and
11:29 you,
11:29 you will know for sure by February
11:32 whether you've received an offer.
11:33 Next step.
11:36 So,
11:37 basic eligibility for the program is you need to
11:39 be 32 or younger at the time you start.
11:43 Um,
11:44 those who are applying now to the program,
11:46 if they're successful,
11:47 will be joining on September 8,
11:49 uh,
11:49 2025.
11:51 We don't defer the start date.
11:53 So,
11:54 um,
11:54 the birth date that you need to have,
11:56 and this is not flexible,
11:58 it's on or after October 1,
11:59 1992.
12:01 It moves up by a year every year.
12:02 So really,
12:03 everybody has equal opportunity.
12:05 Um,
12:06 you need to have graduate level
12:08 education,
12:09 um,
12:09 and master's level degree or equivalent is the minimum.
12:13 CFA does not replace master's degree.
12:16 It's very good to have a CFA in addition.
12:19 Uh,
12:19 you need to have 4 years of relevant professional experience
12:23 or an equivalent after your undergraduate degree.
12:26 And that's at the time of application.
12:27 So what that means is either 4 years full-time,
12:30 it means equivalent of,
12:32 uh,
12:33 you know,
12:33 more time,
12:34 part-time.
12:35 And if you're doing a,
12:37 uh,
12:38 doctorate,
12:38 uh,
12:39 which is a research doctorate degree,
12:41 then that would count towards your professional experience.
12:44 You have to be fluent in English
12:45 and have excellent writing and communication skills
12:49 in English language because that's the language we work in.
12:51 Additional languages are advantageous.
12:54 You have to demonstrate relevant expertise and
12:57 experience of the chosen work program.
12:58 In the application form,
13:00 when you select um the area that you would wish to join,
13:04 that is where you are
13:07 going to be asked,
13:09 how do you qualify?
13:10 You have 250 words to tell us about yourself.
13:12 What are your qualifications they recommend you for this area.
13:15 And then we also ask you to talk about
13:18 A couple of other questions in your personal statements.
13:21 Please be as specific to yourself,
13:23 your experience,
13:23 your skills,
13:24 what you bring as possible.
13:26 Um,
13:27 we do want you to be committed to our mission and values,
13:28 as I mentioned.
13:30 Uh,
13:30 you need to hold a nationality of World Bank Group,
13:33 IBRD member country.
13:34 All of this is on our website,
13:36 and you need to meet employment eligibility requirements.
13:40 What that means is there's a certain policy around
13:42 relatives and you also cannot be a current,
13:45 um,
13:46 Uh,
13:46 term or open-ended staff member of the World Bank Group,
13:49 but you can be,
13:50 um,
13:50 consultant,
13:51 extended or short term,
13:53 or,
13:53 um,
13:54 uh,
13:54 junior professional associate.
13:56 Uh,
13:56 next step,
13:56 please.
13:59 Stay in touch,
14:00 follow us.
14:00 Uh,
14:01 we post content regularly,
14:03 and you will see,
14:04 for those of you who missed out on these events,
14:06 you will see the events online.
14:08 With that,
14:08 I would like to hand over to the main purpose of today,
14:13 uh,
14:13 for about 5 minutes each.
14:14 I'll invite my colleagues
14:16 um to speak about their respective areas of work,
14:19 to speak about their experience,
14:21 uh,
14:21 being successful in joining the program,
14:23 as well,
14:24 um,
14:24 as their tips for you.
14:26 So,
14:27 I will start um
14:29 with Fatin,
14:31 who works in people,
14:32 move on to Daniel,
14:34 who works in prosperity,
14:36 and then we'll go from there.
14:37 Uh,
14:38 Fatin,
14:38 over 2.
14:41 Thank you very much,
14:42 Irina.
14:42 Hello,
14:43 everyone,
14:43 and uh thank you very much for connecting today.
14:46 Um,
14:46 as Irina said,
14:47 I'm a 2-year YP working under the
14:50 people vertical uh of the World Bank,
14:52 especially the education sector.
14:54 Um,
14:55 as mentioned,
14:55 so people covers education,
14:57 health,
14:57 and social protection,
14:58 which,
14:59 uh,
14:59 reinforces,
15:00 you know,
15:00 the importance of these three sectors to,
15:02 to build human capital for growth and development.
15:05 And really highlights the,
15:07 the World Bank commitment uh to allow people across the world
15:10 in the countries we work on,
15:12 um,
15:13 or we work with,
15:13 sorry,
15:14 to,
15:14 to reach their,
15:15 their full potential.
15:17 Uh,
15:18 one thing I wanted to highlight,
15:19 uh,
15:20 that,
15:20 uh,
15:20 Irina briefly mentioned,
15:22 uh,
15:22 is that for each of these practices,
15:24 you have a global unit,
15:26 uh,
15:26 and regional units.
15:27 So,
15:27 the global unit usually sits,
15:29 um,
15:30 in DC,
15:31 um,
15:31 and,
15:32 you know,
15:32 is responsible of
15:34 producing and curating global knowledge.
15:36 Think all the big World Bank reports,
15:38 uh,
15:38 that you see online,
15:39 uh,
15:40 facilitate exchange between the countries we work on.
15:44 Um.
15:45 Also contribute to capacity development uh of staff and,
15:49 um,
15:50 And the teams in,
15:52 in the ministries we work on and,
15:53 um,
15:55 And also is responsible of fostering new,
15:57 new partnerships and trust funds.
15:59 On the other hand,
16:00 you have regional teams,
16:01 uh,
16:02 that cover a set of,
16:03 uh,
16:04 of countries,
16:05 so,
16:06 um,
16:06 Africa West,
16:07 Africa East,
16:08 um,
16:10 Europe and Central Asia,
16:11 Latin America,
16:12 South Asia,
16:13 East Asian and Pacific,
16:14 Middle East and North Africa.
16:15 So really covering everything,
16:17 and this is
16:18 really much about,
16:19 you know,
16:19 uh,
16:20 running lending operations,
16:22 um.
16:24 For these countries and also working on,
16:26 on,
16:26 on analytical products uh with them.
16:29 So,
16:29 I wanted to,
16:30 to just give this overview to
16:32 give more context into the,
16:34 the,
16:35 my experience,
16:36 uh,
16:36 last year as a first-year YP I was mapped to the
16:40 education uh sector,
16:41 Middle East and North Africa unit.
16:44 Um,
16:44 and maybe just to give you a,
16:46 a sense concretely of how
16:48 work,
16:49 uh,
16:49 looked like for me last year,
16:51 I'll give three different,
16:52 uh,
16:52 examples.
16:53 One is more on the operational side,
16:55 uh,
16:55 one is more on the analytical side,
16:57 and one is also analytical,
16:59 but
16:59 Um,
17:00 across the different sectors of the people vertical.
17:03 On operations,
17:04 um,
17:05 I had the opportunity to work with,
17:07 uh,
17:07 the Tunisia Country Office to develop a new higher education project,
17:11 working closely with the Ministry of Higher Education and,
17:14 uh,
17:15 scientific Research,
17:16 um,
17:17 to identify their needs and,
17:18 and priorities,
17:19 uh,
17:20 and to develop really a new project with them,
17:21 which was
17:22 really exciting and I think something that
17:25 Uh,
17:25 is very unique to the World Bank is the level at which we're able to,
17:28 to collaborate with,
17:30 with our,
17:30 um,
17:31 country clients and,
17:32 and also as a young professional to,
17:34 to have that exposure was,
17:35 uh,
17:35 was quite unique.
17:37 Um,
17:38 another very exciting project I worked on more on the analytical side
17:41 was working with the Ministry of Education and Higher Education in Lebanon,
17:46 um,
17:46 on a new analysis of,
17:48 um,
17:49 the efficiency of,
17:51 uh,
17:51 their education financing and how they can
17:54 Um,
17:54 you know,
17:55 using their data,
17:56 how to ident help them identify how the ministry can better use
18:00 their resources to improve,
18:01 to improve learning,
18:02 uh,
18:02 for children in the country.
18:04 And maybe one last,
18:05 um,
18:06 very exciting,
18:07 uh,
18:08 project I wanna work on.
18:09 There,
18:09 there were much more,
18:10 but I try to,
18:11 to just handpick a,
18:12 a few,
18:13 um,
18:14 was working on the human capital Review of Tunisia,
18:17 and this was
18:19 really interesting because it was really working with the team.
18:22 With health specialists,
18:23 social protection specialists,
18:25 and education specialists.
18:26 They really working
18:27 across sectors.
18:28 So that's also to say,
18:29 you know,
18:29 that these verticals are also
18:31 really thought sometimes as unit and we work uh together to have that,
18:35 uh,
18:36 coherent and comprehensive approach,
18:38 uh,
18:38 to policy and support our client countries,
18:40 uh,
18:41 in that sense.
18:42 So,
18:42 lots of exciting work to be done and I'd be very happy to,
18:46 to answer more questions during the,
18:47 the coffee corners.
18:48 Thank you,
18:49 Emina.
18:51 Thank you,
18:51 Fain,
18:52 and I too was a young professionals in people,
18:55 so
18:55 this sounds very exciting indeed.
18:58 So,
18:58 now over to Daniel and prosperity.
19:03 Um,
19:03 hello.
19:04 Uh,
19:04 thanks for the opportunity to,
19:07 to speak today.
19:08 Uh,
19:09 so I'm,
19:09 uh,
19:10 Daniel Prince.
19:11 I am a,
19:12 well,
19:13 I'm an economist because I graduated,
19:15 um,
19:15 last week from the Young Professionals Program.
19:18 I work in the,
19:20 uh,
19:21 Economic policies,
19:22 uh,
19:22 unit for Middle East and North Africa,
19:25 primarily working on,
19:27 on the countries of Algeria and um.
19:30 And Morocco.
19:31 So
19:32 basically,
19:33 our um
19:34 vertical,
19:35 the prosperity vertical,
19:36 uh,
19:37 consists of four,
19:39 what are called global practices or four thematic areas.
19:42 One is uhm economic policies,
19:44 um,
19:45 where we focus basically on,
19:47 um,
19:48 mostly macroeconomic but all sorts of broadly defined economic policies,
19:53 uh,
19:53 that can,
19:54 uh,
19:54 that can enhance,
19:55 um,
19:56 Prosperity in the countries that we work on and we support these
20:00 via both um
20:02 lending operations and then analytical products and,
20:05 uh,
20:06 and the economic um
20:07 macroeconomic surveillance.
20:09 I'll come back to speaking about uh my job in a,
20:12 in a little bit,
20:13 but uh let me give you just a bird's side overview of the other three
20:18 practices that are within prosperity.
20:20 So we have finance and competitiveness,
20:23 um,
20:23 that they focus on a variety of areas
20:26 that,
20:27 that you could consider finance,
20:28 so that includes financial,
20:30 uh,
20:31 financial stability,
20:32 uh,
20:33 private sector,
20:34 uh,
20:34 dynamics,
20:35 competition,
20:37 um.
20:38 Basically sorts of the more uh micro aspects of,
20:42 of the,
20:43 the,
20:43 the,
20:44 the,
20:44 the,
20:45 the economy
20:46 that are really,
20:47 really
20:47 uh important for many developing countries to improve.
20:51 We also have the uh what is uh called the governance or institutions,
20:56 uh,
20:57 where they focus on a variety of,
20:59 um,
21:00 Of projects in the,
21:02 what you consider,
21:03 what you may consider institution
21:06 building.
21:06 So that,
21:06 that again is very diverse,
21:08 so that can include uh everything from uh tax and tax administration
21:13 to how like all sorts of aspects of,
21:16 of the government operate and,
21:17 and,
21:17 and the institutions interact,
21:19 anti-corruption,
21:21 digitalization within the government,
21:24 uh,
21:24 you will also hear words here that,
21:26 that,
21:26 that also often fall under other
21:29 Verticals uh of the bank.
21:31 We also have now a digital vertical.
21:33 So this
21:33 will also kind of tell you that within the bank,
21:36 we collaborate across these boundaries of verticals
21:38 and the boundaries of the global,
21:40 um,
21:41 global practices.
21:43 Um,
21:44 and then finally within prosperity,
21:45 we have the poverty group which is where a
21:48 lot of the really great microeconomists of the,
21:50 of the bank are,
21:51 are housed and they work a lot on poverty measurement.
21:55 Surveys,
21:56 statistical capacity building,
21:58 um,
21:59 and these sorts of,
22:00 uh,
22:01 of,
22:01 uh,
22:02 issues,
22:02 and they work a lot with,
22:03 with really good,
22:04 uh,
22:05 microdata and in countries where that does not exist to help the governments,
22:09 uh,
22:10 create,
22:10 uh,
22:11 Uh,
22:12 such data.
22:13 So I should actually say,
22:15 and this is a really positive aspect of the young professionals program
22:19 that I did not join
22:21 the bank uh working in,
22:23 in economic policies.
22:24 I actually joined working in health,
22:26 nutrition and population,
22:27 which is not even in my vertical.
22:28 It's under people.
22:30 And then in my second year,
22:32 I figured out that I wanted to work in a different area of the bank
22:35 and so I rotated.
22:36 So I spent 1 year in health,
22:37 nutrition and population in Europe and Central Asia.
22:41 And then moved in my 2nd year into economic policies in Middle East and North Africa,
22:45 and this opportunity.
22:47 To move between uh areas of the bank is really a
22:50 core strength
22:52 of the young professionals program.
22:54 Let me just say a couple of sentences about my day to day
22:57 job and why I find it exciting to work in the bank and then
23:00 I will,
23:01 uh,
23:01 hand over.
23:02 So as I said,
23:02 I've worked,
23:03 um,
23:04 primarily in Algeria and Morocco,
23:06 um,
23:07 and so my day to day job as a,
23:08 as an economist is to,
23:10 um,
23:11 is to monitor
23:12 the economies of,
23:13 of these countries,
23:14 uh,
23:15 sort of even on a day to day basis and then write,
23:18 uh,
23:19 reports on kind of what is happening,
23:21 for example,
23:22 uh,
23:22 in the Algerian economy.
23:25 I also work on technical assistance projects where we are trying to enhance
23:30 the capacity of the ministries of finance in these countries,
23:35 for example,
23:36 Uh,
23:37 preparing their own
23:38 macroeconomic forecasts
23:40 or,
23:40 or,
23:41 uh,
23:41 enhance their ability to do,
23:43 to,
23:43 to improve their tax policy making,
23:45 for example.
23:46 So these are things that I work on
23:48 currently in Algeria.
23:49 We also,
23:50 um,
23:51 work on uh analytical work on a variety
23:53 of issues that you might consider economic policy.
23:56 So for example,
23:57 right now I need a report in Morocco
24:00 that studies how Morocco could,
24:01 uh,
24:03 Could,
24:03 uh,
24:03 could grow
24:04 much more rapidly,
24:06 uh,
24:06 in the coming years.
24:08 Um,
24:09 and then finally,
24:10 uh,
24:11 very important for the bank is of course our lending operations.
24:14 So in my,
24:14 uh,
24:15 area of the bank,
24:16 we,
24:17 we do what are called the development,
24:18 uh,
24:19 policy financing operations where we basically
24:22 give budget support
24:23 to the governments
24:25 in exchange
24:26 for improving
24:27 policies in various areas.
24:29 So that could
24:30 Include
24:31 social protection,
24:32 that could include um
24:35 uh
24:36 that could include fiscal policy,
24:38 that could include a variety of,
24:39 of,
24:40 uh,
24:40 of policies.
24:41 So these are kind of,
24:42 these,
24:42 these,
24:42 these four aspects
24:44 kind of compose my,
24:45 my,
24:46 uh,
24:47 my day to day work and then if I still have time
24:49 left over,
24:49 I also get to do some research.
24:52 So I came to the bank
24:53 from a PhD program,
24:54 so I,
24:55 I actually do have uh some research that I,
24:58 that I try to do whenever uh I have time.
25:01 So I think uh I will stop here and then uh answer more of your questions in the,
25:06 in the,
25:06 in the coffee corner.
25:08 So thank you.
25:13 Thank you,
25:13 Daniel,
25:14 um,
25:15 over to Patrick and Planet.
25:19 Thank you very much,
25:20 Irina,
25:21 and welcome to everyone.
25:23 It's a real pleasure to speak to you today.
25:25 I
25:26 just recalled this morning.
25:27 It's been already 2 years that I've been
25:30 in your
25:31 position,
25:31 so very,
25:32 very exciting to speak to you.
25:34 Uh,
25:34 my name is Patrick Schmitzek.
25:36 I am
25:37 within the Planet Vertical in the
25:40 environmental practice.
25:42 And,
25:43 um,
25:43 for me,
25:44 Planet really brings a very exciting and dynamic
25:46 work program because many of the development challenges
25:50 are really centered around the questions
25:52 of how societies interact with the
25:54 environment and interact with natural resources
25:58 and how we use that resources to,
26:00 um,
26:01 to boost,
26:02 uh,
26:02 prosperity and,
26:03 uh,
26:04 to fight poverty.
26:05 Um,
26:06 that's also really at,
26:07 at the core of,
26:08 of the World Bank's agenda and
26:10 the planet vertical speaks a lot to the
26:14 livable planet in the,
26:15 in the mission statement.
26:18 So the vertical,
26:19 uh,
26:20 consists of 5,
26:21 practice area.
26:23 Uh,
26:23 first,
26:24 uh,
26:24 one area is the agricultural and,
26:26 uh,
26:27 food
26:27 area,
26:28 which deals a lot with like questions around food protection,
26:31 climate smart agriculture,
26:32 food processing,
26:33 and food security.
26:35 Then we have environment,
26:36 natural resources and the blue economy.
26:38 It's,
26:38 it's quite broad.
26:39 There is a forestry business line.
26:41 There are questions around biodiversity conservation,
26:45 protected area management.
26:46 But also fisheries and the blue economy development.
26:50 Then we have,
26:50 uh,
26:51 social inclusion and social sustainability,
26:54 which,
26:55 um,
26:56 deals a lot with local institution building with questions around,
27:00 uh,
27:00 how to involve communities into decision making and increase,
27:04 uh,
27:04 inclusion and participation.
27:06 Uh,
27:06 the water practice area,
27:08 um,
27:09 is focused on water supply,
27:11 but also irrigation systems,
27:13 uh,
27:14 wastewater treatment.
27:15 And last but not least,
27:16 we have climate change,
27:17 which is a little bit different from the others
27:20 because climate change is really mainstream throughout the,
27:22 the World Bank portfolio.
27:24 And this crew,
27:25 group takes more like a,
27:26 a central function in ensuring that,
27:29 uh,
27:29 all the projects are Paris aligned,
27:31 that the climate core-benefits are properly assessed.
27:34 Uh,
27:35 they do a lot of work on carbon pricing and carbon finance
27:39 and fundraising to move the World Bank's agenda in the climate realm forward.
27:44 Um,
27:45 so,
27:46 like,
27:46 uh,
27:47 two cross-cutting themes across
27:49 all of these practices is the question of climate resilience,
27:52 which
27:53 is one of the most pressing issues for,
27:56 for our client countries,
27:58 as well as the question,
27:59 OK,
27:59 how can we use the natural resources to improve jobs
28:04 and income for the most vulnerable and poor.
28:07 Um,
28:08 I also would like to highlight that
28:10 the vertical
28:11 takes care of some
28:13 Like,
28:14 um,
28:15 cross-cutting functions for the whole World Bank portfolio.
28:18 For example,
28:19 the environment and the social practice area,
28:22 they are responsible for the environmental and social
28:24 risk management throughout the whole World Bank portfolio.
28:28 And that's,
28:28 um,
28:29 an area of work
28:31 that
28:31 basically means that they support the preparation and the implementation
28:36 of all the projects to ensure that we properly manage
28:40 and mitigate environmental and social risks.
28:43 Um,
28:44 for me,
28:45 the planning vertical has been really an exciting place to join the bank.
28:49 I come more from an
28:51 agriculture development background,
28:53 but joined in the environment GP
28:56 which,
28:56 uh,
28:57 first was interesting,
28:58 but
28:59 really gave me the opportunity to,
29:01 to learn a lot.
29:02 Um,
29:02 in the past,
29:03 I worked a lot on sustainable land management.
29:05 Right now,
29:06 I work a lot on coastal resilience.
29:08 And
29:09 what I realized is actually,
29:10 I could transfer
29:12 a lot of the skills that I gained in the past
29:15 to that area,
29:17 and it gives me opportunities
29:19 to learn.
29:19 So that's been really exciting.
29:21 Uh,
29:21 I think a perk about Planet is that many of the projects are decentralized,
29:27 so mission trips are really,
29:28 really great.
29:29 In my case,
29:30 I said,
29:31 I work a lot on coastal resilience,
29:32 so I spend a lot of time on boats going around,
29:35 uh,
29:35 protected areas or visiting mangrove reforestation projects.
29:40 So that's been really some of the highlights,
29:42 uh,
29:42 for me,
29:42 the,
29:43 the last year.
29:44 I have a colleague who works on pollution.
29:46 She likes to,
29:47 to visit landfills.
29:48 So,
29:49 pick your battle wisely.
29:51 Um,
29:52 I think the planet vertical also brings really a good balance between
29:57 analytical work and operational work.
29:59 So,
30:00 for example,
30:01 the climate,
30:01 uh,
30:02 the country Climate and Development reports
30:04 is,
30:05 uh,
30:05 a core analytical product in which the,
30:08 the planet vertical is very,
30:09 very much engaged.
30:10 And if you join the bank,
30:12 you will sooner or later work,
30:14 work on one of those.
30:17 Um,
30:18 I think
30:20 not much more to say at this moment for me.
30:22 I'm happy to take more questions in the coffee corner.
30:25 I wish you
30:26 all the luck for your applications.
30:28 It's a great program.
30:30 It's a great institution.
30:32 And,
30:32 um,
30:33 yeah,
30:34 for me,
30:35 a very exciting place to be.
30:38 Thank you very much,
30:39 Patrick,
30:40 over to Mattel for infrastructure and digital.
30:44 Thank you very much,
30:45 Irina.
30:46 Um,
30:47 can you all hear me?
30:49 I hope so.
30:50 And
30:51 I'm very excited to be here today.
30:54 Welcome everyone.
30:55 My name is Matteo.
30:56 Um,
30:57 I,
30:58 I just graduated from the YP program,
31:01 much like
31:02 Daniel.
31:03 Uh,
31:03 so technically I'm no longer a YP.
31:05 I'm,
31:05 I'm just a,
31:06 a regular,
31:07 regular P.
31:08 Um,
31:09 I'm an energy specialist.
31:11 I've been working in energy for the last 5 years now with the World Bank.
31:16 I was an SDC uh,
31:18 uh,
31:18 short-term consultant at the bank,
31:21 uh,
31:21 then
31:22 became an extended term consultant,
31:24 and then eventually became a YP and,
31:27 and now I,
31:27 I just graduated.
31:29 Um,
31:30 I covered the West Africa region.
31:33 A region I,
31:34 I used to cover,
31:35 I've covered for many years.
31:37 And last year,
31:38 I spent the whole year in Indonesia,
31:41 also working in energy,
31:43 um,
31:43 as part of my YP rotation.
31:46 Um,
31:47 and I would be more than happy to answer any question on the YP rotation,
31:51 which is a,
31:51 a really cool part of the YP program.
31:55 So,
31:55 enough about me.
31:56 I'll,
31:57 today,
31:57 I'll be presenting very briefly
32:00 the infrastructure and digital vertical
32:03 of the World Bank
32:04 and,
32:05 and we'll take
32:06 questions later.
32:07 The infrastructure vertical is all about connectivity.
32:11 Connectivity,
32:12 connecting people to essential
32:14 services,
32:15 whether it's
32:16 energy services,
32:17 whether it's uh transport,
32:19 whether it's uh
32:20 urban um
32:22 spaces,
32:22 whether it's digital infrastructure.
32:24 The,
32:25 each department
32:26 of this vertical aims to connect
32:29 people,
32:29 connect businesses,
32:31 connect,
32:32 uh,
32:32 communities,
32:33 um,
32:34 so that people can,
32:35 can work,
32:36 can move,
32:37 uh,
32:37 and can participate in the,
32:39 in the global,
32:40 um,
32:41 economy.
32:42 So the
32:43 high-level purpose
32:44 of the infrastructure vertical is to
32:47 Uh,
32:48 build and sustain infrastructure in a sustainable way,
32:52 uh,
32:52 but also in an inclusive way and in,
32:54 uh,
32:55 increasingly climate resilient,
32:58 uh,
32:58 way.
32:59 There are
33:00 5
33:02 global practices,
33:03 5 departments within this vertical.
33:06 Um,
33:07 we have
33:08 energy and infrastructure,
33:09 uh,
33:10 sorry,
33:10 energy and extractives.
33:12 That's the,
33:13 the department where I've been working for the last 5 years.
33:16 Um,
33:18 transport.
33:19 Um,
33:20 urban development.
33:22 And then digital,
33:24 uh,
33:24 transformational,
33:25 just digital.
33:27 Um,
33:28 in recent,
33:28 uh,
33:29 months,
33:29 it,
33:29 it has become its own,
33:31 um,
33:32 its own vice presidency here at the World Bank.
33:35 But,
33:35 for the sake of this presentation and,
33:37 and for today,
33:38 we'll still be,
33:39 uh,
33:40 we'll still consider it to be part of the infrastructure family.
33:43 And then,
33:44 um,
33:44 sustainable,
33:46 uh,
33:47 infrastructure finance.
33:48 It
33:48 is also very important department which typically works
33:52 alongside all of the previous 4 departments,
33:55 energy,
33:55 transport,
33:56 urban or digital,
33:58 um,
33:59 bringing ways to,
34:01 to enhance the financing,
34:05 uh,
34:05 solutions,
34:06 uh,
34:06 that we provide to our client countries.
34:09 Um,
34:11 to give you,
34:12 this is just a,
34:13 a very broad overview of the infrastructure vertical,
34:16 infrastructure and digital vertical.
34:18 Um,
34:19 please bring any questions you may have during the coffee corners.
34:22 And I'll just wanna finish,
34:24 take a few minutes just to talk about the,
34:26 the kind of,
34:27 uh,
34:28 uh,
34:29 work that I do,
34:30 uh,
34:31 On a day to day or week to week basis,
34:34 um,
34:35 and we'll take it from there.
34:37 So,
34:37 as an energy specialist,
34:39 um,
34:40 right now,
34:40 I cover a lot of lending operation.
34:44 Um,
34:45 meaning I either can,
34:46 I either help,
34:47 um,
34:48 prepare new lending projects
34:51 that are
34:52 typically energy projects.
34:53 They can be about installing new renewable energy in,
34:57 in client countries.
34:59 Uh,
35:00 we work,
35:01 uh,
35:01 we do a lot of solar projects,
35:04 um,
35:05 also
35:07 wind or hydro.
35:09 Um,
35:10 or it could also be about energy access.
35:12 This is a very important topic in the Africa region,
35:15 especially.
35:16 Um,
35:17 and so,
35:19 Um,
35:20 a lot of my time goes into preparing these new projects or
35:24 helping our counterparts implement projects that have already been,
35:28 uh,
35:28 approved and um,
35:29 uh,
35:30 which implementation has,
35:31 uh,
35:32 uh,
35:32 started.
35:34 Um,
35:34 but also there,
35:36 we do,
35:36 uh,
35:37 in,
35:37 in the energy department,
35:38 we also do
35:39 a ton of,
35:40 uh,
35:40 of data collection,
35:41 of research,
35:42 of analysis.
35:45 Most of which then eventually help us
35:48 create better projects,
35:49 um,
35:50 put on,
35:51 you know,
35:51 better,
35:52 um,
35:53 instruments to,
35:54 for our client countries.
35:56 Um,
35:57 and there's a,
35:58 there is a lot of our energy that goes into that.
36:01 We are also much like,
36:02 uh,
36:03 my YP colleagues explained,
36:04 we're also divided in,
36:07 into global units and regional units.
36:09 I'm myself in a regional unit in,
36:11 in West Africa.
36:12 Um,
36:13 and there are global units,
36:15 most of
36:16 whom sit here in Washington DC,
36:19 um,
36:19 but we collaborate on a,
36:21 on a,
36:21 on a,
36:22 on a very,
36:23 uh,
36:24 very often,
36:25 uh,
36:25 uh,
36:26 especially on these analytical,
36:27 uh,
36:29 products.
36:30 Um,
36:31 what else can I tell you?
36:32 The um
36:34 Just a few comments on the,
36:37 just to conclude on the YP and then I'll,
36:38 I'll leave it to the rest of the presentation.
36:41 Um,
36:42 it's a very exciting program.
36:43 It's a,
36:44 it's a demanding application,
36:46 and,
36:46 and I
36:47 encourage you to,
36:48 to really take it seriously,
36:50 but it's,
36:50 um,
36:51 it's a wonderful opportunity.
36:52 Um,
36:53 it's,
36:53 it's been,
36:54 it's given me a,
36:55 a lot
36:57 in
36:58 the last two years.
36:58 I'm,
36:59 I'm also reflecting on the,
37:00 on the end of the YP uh
37:02 program for myself.
37:03 The last few years have been extremely rich in,
37:06 in terms of learning experience.
37:08 Um,
37:09 the YP is a wonderful opportunity to
37:11 join the World Bank,
37:13 but also to
37:14 meet a ton of people who really work on,
37:16 on a ton of really cool projects,
37:19 uh,
37:19 and very interesting,
37:21 most of,
37:21 uh,
37:21 which aren't,
37:22 aren't necessarily related to my own fields,
37:24 but there's a,
37:25 there's a lot to learn.
37:27 Um,
37:28 in this sort of cross-pollination
37:31 of ideas,
37:32 um,
37:33 when,
37:33 you know,
37:33 when
37:34 talking to,
37:35 uh,
37:36 colleagues who work in different departments,
37:37 I think this is really what the YPA,
37:39 uh,
37:40 is about.
37:41 Um,
37:42 so,
37:42 it,
37:42 it's a very exciting program and it's a,
37:45 and it's a fantastic way to,
37:47 uh,
37:47 to kickstart
37:48 a career in,
37:49 in,
37:50 uh,
37:50 economic development.
37:52 Um,
37:52 so I,
37:54 uh,
37:54 strongly encourage you to apply and to take the application seriously,
37:58 and,
37:59 and to give it,
37:59 uh,
38:00 to give it your all.
38:01 Thank you very much,
38:02 Irene.
38:02 I'll,
38:02 I'll leave it to the next presenter.
38:05 Thank you,
38:05 Matteo.
38:06 I'm going to,
38:08 I'm going to hand over to Morgan next.
38:12 IFC has a very special,
38:14 uh,
38:15 place in my
38:16 heart in my career.
38:17 I co-led
38:19 the work program in health with IFC,
38:22 and I worked on,
38:23 uh,
38:23 spinning out one of our initiatives called Ethical Principles in Healthcare,
38:27 which is an IFC initiative.
38:28 And so Morgan,
38:29 over to you.
38:30 There's so many different areas one can work in in IFC,
38:33 isn't it?
38:35 Yeah,
38:35 thank you,
38:35 uh,
38:35 Irina,
38:36 and uh also very excited to be here to talk about the YP program
38:40 because for me it has been also like uh an amazing uh year,
38:44 like,
38:44 uh,
38:45 super rewarding professionally and personally like um.
38:48 Uh,
38:48 I joined the,
38:49 uh,
38:49 the World Bank,
38:50 uh,
38:51 as an IFCYP,
38:53 uh,
38:53 a year ago,
38:54 same course as,
38:55 uh,
38:55 Fatin and Patrick,
38:56 uh,
38:56 who I had the chance to,
38:58 uh,
38:58 interact with because we have some training,
39:01 uh,
39:01 some,
39:01 um,
39:02 induction,
39:03 uh,
39:03 at the very beginning together.
39:05 So,
39:05 uh,
39:06 we are very all,
39:07 uh,
39:08 uh,
39:08 all connected,
39:09 uh,
39:09 as part of the
39:11 World Bank,
39:12 uh,
39:12 Young Professional program.
39:14 And maybe just to give uh a bit about my,
39:16 to say
39:18 some words about my background to see if IFC is for you.
39:20 Like I joined IFC because I was interested in uh impact investing
39:25 and I had previous uh private sector experience before.
39:28 I,
39:28 I had,
39:28 I have a master's degree in finance,
39:30 um,
39:31 and I was working in investment banking
39:34 covering,
39:34 uh,
39:35 Europe,
39:35 Middle East and Africa before joining uh IFC.
39:39 Uh,
39:39 so I joined IFC,
39:40 um,
39:41 as an associate investment officer.
39:43 The difference with the IBRD is,
39:45 uh,
39:46 that at IFC we are not assigned to a specific
39:48 team when we have the offer from the YP program.
39:52 So you get the offer to be an associate investment officer,
39:55 and then,
39:56 uh,
39:56 in the spring,
39:57 you are put in touch with different teams
40:00 and then you can decide which team you can join.
40:03 So how it's organized,
40:04 IFC it's the same.
40:06 We have sector and regions.
40:08 So
40:09 for regions,
40:10 we have global team and also regional teams
40:13 and sector,
40:14 we have uh all the sectors mentioned uh
40:17 uh on,
40:18 on the website and I can go into more details in the coffee chat.
40:21 Uh,
40:21 for me,
40:22 I was very interested in Africa and I wanted also to
40:25 uh spend more time in the agriculture sector.
40:28 So I joined for my first rotation at IFC,
40:32 um.
40:32 The agribusiness and Forestry West Africa team.
40:36 Um,
40:37 I,
40:37 I did my first,
40:38 uh,
40:39 so at IFC the YP program is structured that way.
40:42 Uh,
40:43 so the YP program is a 2-year program.
40:46 The first year is with IFC within the same team.
40:50 And then for the second year,
40:51 you have 2 6-month rotation.
40:53 The first one is with IBRD Omega,
40:56 and then you are back at IFC.
40:58 So for my first rotation that just ended,
41:01 I was uh with Agribusiness and Forestry West Africa.
41:04 I did my 1st 6 months in Washington DC.
41:07 And I did the,
41:08 uh,
41:09 the last 6 months of my rotation in Dakar in Senegal.
41:12 So it was great to be,
41:14 um,
41:15 in the field.
41:15 I think uh there is a big push at IFC for decentralization.
41:19 So many of the YPs,
41:21 uh,
41:21 covering regions were,
41:23 uh,
41:23 in country offices for,
41:25 uh,
41:25 at least a part of their first,
41:27 the first year of their rotation.
41:30 Uh,
41:30 and during my first year,
41:32 um,
41:33 to describe a bit my work.
41:35 Uh,
41:35 I look at new
41:37 equity and debt investment in the agri.
41:41 This in the agriculture sector in West Africa.
41:44 I did also some business development to try to find new clients
41:48 and I did some portfolio work to look at existing investments to make sure like uh
41:54 The operations,
41:55 the constructions we were financing was going well,
41:58 that the client was repaying.
41:59 So there are these three pillars when you are
42:02 an investment officer at IFC looking at new projects,
42:05 new equity investment,
42:06 new debt investment,
42:07 you have to do some business development to find
42:11 new clients,
42:12 new investment opportunities to deploy the capital for impact,
42:15 and
42:16 you have the portfolio work,
42:18 um,
42:18 because when you,
42:19 after investing,
42:20 you need to um
42:22 To follow up with the client,
42:24 uh,
42:24 and make sure all,
42:26 um,
42:27 the conditions,
42:27 uh,
42:28 are,
42:28 are in place.
42:29 So I've been working on,
42:30 uh,
42:31 some exciting projects,
42:32 um,
42:33 in the DRC in Burkina Faso,
42:36 Senegal.
42:37 Uh,
42:38 so it's,
42:38 uh,
42:39 been really an amazing opportunity each time you travel,
42:42 uh,
42:43 to meet the clients,
42:44 see the operations,
42:45 um,
42:46 So for me,
42:47 it's like,
42:47 uh,
42:48 I could really like uh see the impact
42:50 of my,
42:51 of my work.
42:52 Um,
42:53 and now,
42:54 uh,
42:54 I'm moving
42:55 to my second rotation.
42:57 I'm moving to IDRD,
42:58 um,
42:59 and this is where
43:01 I think
43:02 the
43:03 YPP is so unique is that for example,
43:06 in the agribusiness at IFC we have lots of issues
43:10 for environmental and social constraints to invest in the fishery sector.
43:15 So my manager advised me to
43:17 uh do my rotation at IBRD uh within the planet,
43:21 um,
43:23 uh,
43:23 vertical in uh the,
43:24 the Blue Economy team to see how IBRD
43:27 in the Blue Economy team interacting with governments
43:31 can maybe,
43:32 uh,
43:33 work on regulation,
43:34 a regulatory framework to make sure,
43:37 uh,
43:37 the conditions for private sector investments are there.
43:41 And so I'm moving to,
43:42 um,
43:43 to Nairobi,
43:44 uh,
43:45 to work,
43:46 uh,
43:46 with the IBIRD uh Blue Economy team,
43:49 um,
43:50 East Africa for my next rotation,
43:52 so very excited.
43:54 Uh,
43:54 and,
43:54 uh,
43:55 I think I will,
43:56 uh,
43:57 uh,
43:57 hand it to,
43:58 uh,
43:59 to Miga,
44:00 um,
44:01 but,
44:01 uh,
44:02 yeah,
44:02 uh,
44:03 for me,
44:03 it's been,
44:03 uh,
44:04 it's been a great year and I'm looking forward to your questions in the coffee chat.
44:10 Thank you,
44:10 Morgan.
44:11 Amanda,
44:12 over to you.
44:13 I'm very excited about Miga.
44:14 It's even since last year,
44:16 it's changed a lot.
44:18 Would love to hear more about
44:20 uh what Y be can expect from Miga and what the expectations uh uh Miga has of the YP.
44:28 Thanks so much,
44:29 everyone.
44:29 Happy to be here.
44:31 Uh my name is Amanda.
44:32 I joined the YP program back in September 21.
44:36 I graduated last year and I've been an underwriter in media for a year now.
44:42 Um,
44:42 so,
44:42 let's start with what is MIGA,
44:44 right?
44:44 Um so MIGA is the multilateral Investment guarantee Agency,
44:48 part of the World Bank Group.
44:49 Um,
44:50 starting from July this year,
44:52 we start a platform called the World Bank Guarantee Platform.
44:55 Um,
44:56 so before guarantees are offered in different parts of the World Bank Group,
45:00 so
45:00 IFC has its own guarantee,
45:03 World Bank has its own guarantee,
45:04 and MA obviously,
45:05 um,
45:05 you know,
45:06 serve as the guarantee platform,
45:07 but now it's all merged into one.
45:10 So,
45:10 the World Bank Group clients can now choose from a simplified market friendly menu
45:15 of guarantee options,
45:16 all housed in media.
45:17 Now,
45:18 this platform
45:19 provides three types of coverage.
45:21 Um,
45:22 the first one is credit guarantees for loans to the public or private sectors.
45:26 Second one
45:27 is something I'm very excited about,
45:29 uh,
45:29 is trade finance guarantees for trade
45:31 finance projects involving public entities.
45:33 And our bread and butter,
45:35 which is the political risk insurance against non-commercial risk
45:38 for private sector projects or PPPs or public-private partnerships.
45:42 Now what do our guarantees to,
45:44 um,
45:44 do,
45:45 um,
45:46 our guarantees protect investments against non-commercial risks
45:49 and
45:50 what this does is it's actually helping investors obtain access to
45:53 financing on better terms and conditions because the risks are lower,
45:57 such as
45:58 longer tenure or improved,
45:59 um,
46:00 costs.
46:01 Now since Mia's creation we have issued over
46:04 $76 billion in guarantee supporting over um 1000 projects
46:11 and this fiscal year alone we issued a record um at $10.3 billion.
46:16 Now
46:17 that all of the World Bank guarantees are housed in MIG
46:19 we aim to double the issuance to $20 billion by 2030.
46:23 So it's a big ambition and we're very excited,
46:26 um.
46:28 To share what I do,
46:29 um,
46:30 as an underwriter,
46:31 I lead cross-functional teams,
46:33 mm,
46:34 involving lawyer,
46:35 environmental and social specialists,
46:37 and economists
46:38 to underwrite projects across various sectors.
46:41 Uh,
46:41 what is underwriting?
46:44 By,
46:44 um,
46:44 conducting due diligence,
46:46 structuring deals,
46:47 performing financial analysis,
46:48 um,
46:49 managing clients and stakeholders,
46:50 and preparing and presenting projects both internally,
46:53 uh,
46:54 within the committees and to the World Bank board of directors as well.
46:57 So
46:58 what really excites me is when I first started off as the YP,
47:02 I get to already lead projects.
47:04 I was co-transaction team leader from day one,
47:08 And I can start
47:09 with that experience now,
47:10 um,
47:11 going back to the first day.
47:13 So,
47:13 in my first year,
47:15 Uh,
47:15 I was with PIGA when I joined the YP program.
47:18 I was assigned two projects
47:20 as co-testing leader,
47:21 both in the energy sector.
47:23 The first one was an acquisition of an operational
47:27 solar power plant in South Africa.
47:28 It was an equity investment by one of our private equity
47:32 firms,
47:32 and another was a refinancing for 6 operational solar power plants in Egypt.
47:37 I mean,
47:37 it was the country's first private green project fund issuance,
47:41 and both transactions closed within 1 year.
47:43 It was very exciting.
47:45 Um,
47:45 I think
47:47 From that moment on,
47:47 I realized that it's
47:49 joining the YP program to MiG was one of the best decisions I've ever made.
47:53 So,
47:54 I then decided that,
47:56 you know,
47:56 I need to see outside of MIGA as well as part of the uh YP program.
48:00 So
48:02 I spent a year in IFC.
48:04 Um,
48:05 so my second year of the YP program,
48:07 I rotated to the IFC global infrastructure team,
48:10 uh,
48:10 specifically under cities,
48:12 water,
48:12 waste and Circularity based in DC,
48:15 um,
48:16 in
48:17 that role I was an associate investment officer,
48:20 uh,
48:21 focusing mainly on investment projects to roll out urban infrastructure,
48:25 um,
48:25 financing globally,
48:26 uh,
48:27 but mainly,
48:28 uh,
48:28 my projects were in India.
48:30 I also covered Indonesia,
48:32 so I traveled a lot during my um year with IFC.
48:36 I think I went to
48:37 Delhi twice in Jakarta once,
48:40 um,
48:40 but it was very exciting because I get to see another part of the World
48:43 Bank Group and actually leverage on those networks
48:46 and projects to collaborate with MIGA as well
48:48 in my,
48:49 um,
48:50 full-time role here as an underwriter.
48:52 So I've been
48:53 in MIGA
48:54 as an underwriter,
48:55 like officially,
48:56 like after graduating YP for a year now.
48:59 Um,
49:00 focusing on
49:01 two relatively new products
49:03 which are the capital optimization and trade finance guarantee.
49:07 Uh,
49:07 I can speak more to this in the coffee chat corner,
49:10 but just to give you a sense of the pro like what I do or the impact of the projects,
49:15 um,
49:15 earlier this year for trade finance guarantee,
49:18 um,
49:18 our team provided 95% coverage against the risk of nonpayment,
49:23 uh,
49:23 from government of Senegal on a trade finance loan from Standard Chartered.
49:27 Specifically for agriculture sector,
49:30 uh,
49:30 so the use of proceeds around €300 million are being
49:33 used by the government to subsidize small medium enterprise and farmers
49:37 for their,
49:38 um,
49:38 agricultural input purchase,
49:40 and it was adopted as a regional model case for the trade
49:43 trade finance project
49:44 in the region.
49:45 So
49:46 we
49:47 don't have to restrict ourselves within certain sector or certain
49:50 regions because my three other projects are in Egypt,
49:53 Serbia,
49:53 and Ukraine right now,
49:55 and,
49:55 um.
49:56 Essentially as an underwriter,
49:59 you're not expected to specialize yet until a few years into
50:02 the job and then you become senior underwriters where you pick
50:05 a vertical where you specialize in
50:08 um
50:09 it's exciting because I have
50:12 not figured out yet
50:13 which sector that I want to specialize in and it's a great
50:16 opportunity to explore different sectors and different regions at the same time.
50:20 Um,
50:22 I think I'll stop right here and I'll see you in the coffee corner.
50:28 Thank you all very much.
50:30 So,
50:30 I will,
50:31 um,
50:31 in a moment,
50:32 just invite one of our hosts to tell us,
50:34 uh,
50:34 one more time how to join
50:36 the Coffee Corners.
50:37 I just wanted to say a couple of things.
50:39 This is the World Bank Group Young Professionals Program,
50:41 and you have an opportunity to move across the institution.
50:44 Um,
50:45 also,
50:46 um,
50:47 it is important to,
50:48 again,
50:49 recognize what the expectations are from,
50:51 uh,
50:52 successful applicants.
50:53 Um,
50:53 so please,
50:54 you know,
50:55 do some soul searching and make sure that this is the
50:57 right way for you to join the World Bank Group.
50:59 There are many other ways.
51:00 This is,
51:01 uh,
51:01 you know,
51:02 relatively small,
51:03 um,
51:04 You know,
51:05 program compared to our overall sort of uh recruitment,
51:09 which includes all different classes of employment as well as
51:13 different talent programs.
51:15 Um,
51:15 I also wanted to mention that there's nothing that will be shared
51:19 in the coffee corners that we haven't shared in the plenary,
51:22 that isn't available on our website,
51:25 uh,
51:25 etc.
51:25 So,
51:26 please don't feel like,
51:27 uh,
51:27 if you don't get a chance to join one of them,
51:29 that,
51:30 uh,
51:30 this is an issue.
51:32 And I just wanted to thank you all,
51:33 um,
51:34 you know,
51:34 for joining.
51:34 I mean,
51:35 this is very exciting.
51:36 I've actually
51:37 learned a lot myself,
51:38 um.
51:40 Through the session
51:41 and so I would encourage you all to apply if you qualify.
51:44 Um,
51:45 I think it's just a lot of time investment
51:47 if you don't meet the qualifications and there
51:50 are many better ways to invest that time,
51:52 including in looking for opportunities with the World Bank Group.
51:55 Um,
51:56 with that,
51:56 I don't know,
51:57 Fernando or Marcus,
51:58 if you just want to come in and remind everybody,
52:00 um,
52:01 how to join respective coffee corners,
52:03 but I just wanted to really thank.
52:05 Thank
52:05 Matteo,
52:06 Patrick,
52:06 Morgan,
52:07 Fain,
52:07 Amanda,
52:07 and Daniel
52:09 for joining.
52:10 Uh,
52:10 go to our website,
52:11 look at the recordings,
52:12 read the FAQs,
52:14 look on our LinkedInns.
52:15 Um,
52:16 there are recent YPs also sharing on LinkedIn,
52:19 and I always try to repost
52:21 their tips.
52:22 They really are
52:23 very,
52:24 very,
52:24 uh,
52:25 good,
52:25 very direct,
52:26 very straightforward.
52:27 The most important thing is,
52:29 tell us about yourself.
52:31 Tell us about yourself in a straightforward backed up manner,
52:34 use examples.
52:35 Tell us what is the skill you're bringing,
52:37 you know,
52:38 to the institution,
52:38 Why are you're distinctive,
52:40 why you should join the young professionals program,
52:43 and don't be discouraged from joining because it's competitive.
52:45 You have the same chance as everybody else who qualifies for the program.
52:49 Uh,
52:49 I think that's how probability works,
52:51 but I just wanted to thank you all and um over to our host.
52:55 Thank you.
52:59 Thank you very much.
53:00 Um,
53:01 Marcus,
53:01 are you joining us?
53:03 Um,
53:03 I'm happy to just take it from here.
53:05 It's very straightforward.
53:06 Thank you.
53:06 You can take it from here,
53:07 Fernando.
53:08 Hey,
53:08 cool.
53:09 Uh,
53:09 thank you very much.
53:10 I'm,
53:10 I'm one of the hosts,
53:11 so,
53:12 um,
53:12 I only have to thank everybody for their contribution.
53:14 It's been
53:15 very interesting.
53:16 Um,
53:17 thank you to all of you.
53:18 You've been posting questions all the time.
53:19 I love it.
53:20 Um,
53:21 I also noticed that after the peak of attendance,
53:23 uh,
53:23 you guys are already beginning to move to the coffee corners,
53:26 which is my next bit of the conversation.
53:28 At the top here you will see an arrow.
53:30 That will take you back to the lobby.
53:32 From the lobby,
53:33 you will see booths,
53:35 you know,
53:35 where
53:36 all of our 6 representatives will be there.
53:38 Join a booth,
53:39 join the queue,
53:40 and you'll be able to talk to them
53:41 in a similar environment to what you're seeing right now on screen.
53:44 Um,
53:44 you will have
53:45 multiple sessions,
53:46 so they will process
53:48 batches of you for conversations,
53:50 um,
53:50 turn your camera on,
53:51 talk,
53:52 engage,
53:52 enjoy the session.
53:53 This is about
53:54 learning and discovering.
53:55 Good luck to everybody.
54:01 And we'll,
54:01 we'll now shut this down,
54:02 Marcus,
54:03 you,
54:03 that's it,
54:04 perfect.
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