World Bank Vietnam

The World Bank, a member of the World Bank Group, is a vital source of financial and technical assistance to developing countries around the world. Mission is to fight poverty with passion and professionalism for lasting results and to help people help themselves and their environment by providing resources, sharing knowledge, building capacity and forging partnerships in the public and private sectors.

The World Bank is like a cooperative, made up of 189 member countries. These member countries, or shareholders, are represented by a Board of Governors, who are the ultimate policymakers at the World Bank. Generally, the governors are member countries' ministers of finance or ministers of development. They meet once a year at the Annual Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund.

The governors delegate specific duties to 25 Executive Directors, who work on-site at the Bank. The five largest shareholders appoint an executive director, while other member countries are represented by elected executive directors.

The World Bank Group President chairs meetings of the Boards of Directors and is responsible for overall management of the Bank. The President is selected by the Board of Executive Directors for a five-year, renewable term.

The Executive Directors make up the Boards of Directors of the World Bank. They normally meet at least twice a week to oversee the Bank's business, including approval of loans and guarantees, new policies, the administrative budget, country assistance strategies and borrowing and financial decisions.

The World Bank operates day-to-day under the leadership and direction of the president, management and senior staff, and the vice presidents in charge of Global Practices, Cross-Cutting Solutions Areas, regions, and functions.

Each institution plays a different but collaborative role in advancing the vision of inclusive and sustainable globalization. The IBRD aims to reduce poverty in middle-income and creditworthy poorer countries, while IDA focuses on the world's poorest countries.

Their work is complemented by that of the International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA) and the International Centre for the Settlement of Investment Disputes (ICSID).

World Bank provide low-interest loans, interest-free credits and grants to developing countries for a wide array of purposes that include investments in education, health, public administration, infrastructure, financial and private sector development, agriculture and environmental and natural resource management.

Mission

• To end extreme poverty: By reducing the share of the global population that lives in extreme poverty to 3 percent by 2030.
• To promote shared prosperity: By increasing the incomes of the poorest 40 percent of people in every country.

The World Bank Group's recruitment policy is to hire staff of the highest caliber, on as wide a geographical basis as possible, with preference to nationals of WBG member countries or countries of operations.

World Bank Group staff work with governments, civil society groups, the private sector and others in developing countries around the world, assisting people in all areas of development, from policy and strategic advice to the identification, preparation, appraisal and supervision of development projects.

World Bank recognize that poverty has no borders. Neither does excellence. So they are continually in search of the brightest, most talented individuals from around the globe. And they are proud to employ a dedicated and committed workforce that is diverse in gender, nationality and ethnic background.

Build a career that is truly worthwhile with the World Bank, the world’s leading international development organization.

• Have a real impact on poverty reduction
• Fight poverty in all of its dimensions. Ending poverty is at the core of the World Bank’s work
• Work closely with governments to develop policies that can improve the lives of poor people, and access social and infrastructure services and good jobs
• Have a global career with global reach
• Work with a truly diverse group
• Work in teams to bring sustainable solutions to clients

Benefits

The World Bank Group offers competitive salaries and benefits to match a compelling career choice. Salaries are internationally competitive and based upon education qualifications and professional experience.

Health, Life, Accident, and Other Insurance Programs

Headquarters-recruited staff and their eligible family members (including domestic partners) may choose from three comprehensive medical/dental benefit plans, with no pre-existing condition exclusions if enrollment is made within 60 days of entry-on-duty. Staff members recruited to a Country Office are eligible for a comprehensive medical/dental benefits plan for themselves and eligible family members, including domestic partners.

The World Bank Group provides basic life and accident insurance to all staff at no cost. Headquarters-recruited staff can elect additional life and accident insurance coverage at their own expense.

Disability and worker's compensation coverage is provided to all staff at no cost.

Pension Plan

The World Bank Group sponsors a comprehensive pension plan for all staff. Staff and the World Bank Group make contributions toward a pension that is used upon retirement.

Relocation, Resettlement, and Expatriate Benefits

For staff appointed to positions subject to international recruitment, the World Bank Group pays relocation benefits upon appointment and resettlement benefits upon end of employment. The World Bank also pays a mobility premium to eligible expatriate staff appointed to positions at headquarters subject to international recruitment, with eligibility based on nationality and visa/residency status in the appointment duty station. (Staff members appointed to non-headquarters positions subject to international recruitment may be eligible for other expatriate benefits.)

Paid Leave

New staff receive 26 days of annual leave and 15 days of sick leave per year, accrued daily.

Work/Life Balance

The WBG makes an effort to help staff achieve balance in their work and personal lives.

The Bank strives to offer flexible work arrangements to provide a better work/life balance for staff. Some of the programs that are offered include telecommuting, alternate and reduced work schedules, flextime, job sharing and home-based work. These arrangements are based on the discretion of the hiring manager, the business needs of the institution, and the specifics of each individual.

In addition, the Bank headquarters offers other services to assist in achieving work/life balance:

• Health Services Department: An on-site Health Services Department provides consultation and treatment for minor ailments or injuries during the work day and clinical services related to work assignments (such as pre-employment evaluations and travel medicine), as well as preventive care services. The department has a Health Promotion Program offering a wide range of ongoing programs and scheduled activities to encourage good health habits for staff and families.
• Fitness Center: The Bank’s fitness center is fully supplied with state-of-the-art exercise equipment, locker rooms, showers, saunas, and exercise studios to promote and maintain the good health, morale, and productivity of staff.
• Child Care: The World Bank Group recognizes that for many staff quality child care is a high priority. Children’s Center provides high quality services in this area. In addition, backup child care is available to staff members who need emergency or temporary child care.
• Lactation Room: Rooms for nursing mothers are available in a number of World Bank Group offices.