World Bank’s primary goal is to reduce global poverty and to boost shared prosperity in developing countries. Being born and raised in a lower middle class family in India, I have witnessed multiple forms of poverty up close and personal, from the urban slums of Mumbai to rural landscapes of West Bengal and I hold strong empathy for social development and reduction of acute poverty.
It was through my education that I was able to climb the socio-economic ladder and ardently believe that as an educated citizen it’s my moral responsibility to give back to the society, to help reduce acute poverty and hunger related deaths. As my contribution I have tutored children’s from slums in math’s and science lessons, donated books and computers, given alms to poor and even sat down with small business owners to share my business expertise to drive sales and reduce costs but I believe all my efforts have marginal impact on the reduction of poverty due its sheer size.
This young professionals program offers me the right opportunity to extend my pursuit on a tangible scale, to contribute towards fulfillment of various World Bank goals like universal primary education, gender equality and prevention of communicable diseases, as they drastically affect an individual’s ability to earn a livelihood and support their family and eventually escape poverty.
Multiple unforeseen circumstances like pandemic, conflict, climate change, natural disasters etc. can drastically affect a person’s ability to earn a livelihood and are often pushed back into poverty. People living in poverty are hit first, hit hardest and it is very difficult for them to recuperate.
I wish to contribute towards the development of global policies and programs which can serve as an effective hedging for such unfortunate circumstances be it in form of financial instruments, insurance products, equity grants, low interest loans and guarantees etc.
My areas of interests/expertise are risk management, government relations, marketing, engineering, resource management and automation of research (and subsequent predictive analysis of research data).
I would bring a diverse range of skillset, professional experience and knowledge base to World Bank. During my tenure at EY (Ernst & Young) I have learned about engagement specific risk assessment of projects, wherein I collaborated with cross national teams to consistently deliver high quality research within tight deadlines.
This professional mind-set, research aptitude and knowledge about risk management, international trade and global financial systems will enable me to better comprehend and solve challenges associated with projects at Word bank.
Prior to EY, I have interned in Associated Chambers of Commerce and Industry, my work included research on India’s macro-economic environment, policy reforms regarding ease of doing business, preparation of event budget/sponsorship packages and associated presentations, liaising with foreign diplomats, government officials and trade counselors. I have experienced and understood the finesse of government bureaucracy and diplomatic protocols.
I look forward to my tenure at Work bank, wherein I get acclimatized to the work culture, learn from my seniors and efficiently complete the tasks assigned to me and look for scope of innovation in the work process and eventually taking up more individual responsibilities and projects, eventually leading a team which is agile, effective and efficient in fulfilling the project objectives.
In my opinion risk management can be a powerful instrument for development, as people in developing countries have negligible access to financial instruments and insurance programs and are more exposed to idiosyncratic risks which might influence their source of income and thus access to education, healthcare etc. Through proper risk management, local communities can collectively build resilience to risk and thus promote shared prosperity by confidently taking informed decisions about various opportunities and associated risks. A Proactive, systematic, committed risk management approach is crucial for unlocking development opportunities, preventing crises and protecting the poor.
I will also employ my marketing skills to effectively communicate the importance of various World bank programs to relevant stakeholders, fund managers, donors etc. (i.e. How their contribution significantly affects the lives of millions of individuals in marginal communities) and also to communicate to marginal communities about the benefits of various schemes undertaken by Governments and NGO’s and how they can avail such social welfare programs and schemes.
Having worked as a design engineer in an engineering procurement and construction (EPC) company which executed multiple turnkey projects. I am aware of complexities involved in the execution of an EPC project and how various teams contribute to the successful and timely execution of projects, will be able to provide necessary feedbacks and valuations about various infrastructure projects that maybe involved in my projects at World Bank.
With regard to poverty elimination, I believe there is ample availability of government policies, international funds and philanthropic goodwill. However, the key challenge is the optimal distribution of resources and enactment of policies. It would require striking a proper balance by coordinating the contribution from the state, individuals, civil society and private sector to the needs of local communities and subsequently measuring the impact of implementation of each project.
I would you use the amalgamation of my skillset, knowledge, experience, and commitment to effectively contribute towards achievement of World Bank goals. During my tenure at World Bank I plan to not only meet the work expectations allocated but also to exceed them and bring meaningful change to the world.