The World Bank has completed the highly anticipated “re-mapping” of its portfolio and staff into the new technical areas — 14 “global practices” and five “cross-cutting solution areas” as part of President Jim Kim’s ambitious reform efforts.
Staff were informed about the re-mapping update earlier this week in a memo. The new organizational structure, set to come into effect at the start of the bank’s fiscal year on July 1, has consumed a considerable amount of energy within the Washington, D.C.-based international financial institution and created uncertainty among employees over the past year.
The staff update, seen by Devex, suggests that all of the 5,700 employees within the World Bank Group who were assigned a global practice or cross-cutting solutions area had “validated their proposed mapping to the new structure” and that all “all portfolios, programs and trust funds have been mapped to the new structure.” This includes the International Finance Corp. and employs more than 10,000 people around the globe.
The institution has already has announced senior directors for 17 of the 19 new offices. According to the memo, senior directors for the agriculture global practice and conflict and fragility cross-cutting solution area will be finalized in June. Other important staffing decisions — such as the appointment of directors (who will function as deputies to the senior directors) and senior regional advisers, as well as the assignment of “practice managers” — will also be ready in June. Staff “readiness training” will begin at the end of May.