There has been much talk over the past few months on the rise of new multilateral development banks: the China-led Asian Infrastructure Investment Bank and the BRICS’ New Development Bank.
Alongside discussions on how the new banks will be set up and on whether they will eschew social and environmental safeguards for speed and cost is the inevitable battle for talent. To get the banks up and running — and running smoothly — by the end of the year, they would need to attract prime talent from both the public and private sectors.
Well-established multilateral development banks — such as the World Bank, Asian Development Bank and Inter-American Development Bank — are the most likely sources of much-needed expertise. But the establishment of these new banks has expanded the career pool not just for seasoned experts but for young and midlevel development professionals as well.