In self-identity crisis for years - Officer World Bank Group Employee Review

1. This organization has been in reorganization for years, introducing one reform after another without actually implementing them. Very often it seems that reorganization reforms are being announced just for the sake of the HQ to keep its relevance and pretend to be busy for some years, then again for some years, then again and so over and over again. One day it decided to be centralized, after while decentralized, then join Europe with Asia, then with the Middle East, then separate the regions and join differently. This is ridiculous, a complete waste of time and resources instead of focusing on its mission. 2. Segregation: locally and internationally recruited staff are treated differently in terms of promotion and compensation despite having similar qualifications, better degrees and better results. 3. Investment services are slow and expensive. IFC is a way behind its competitor, EBRD in regard to portfolio volumes and pipeline. IFC claims that its competitive advantage is global knowledge but in fact, there is nobody who cares about working with local knowledge trying to extract expertise for use worldwide for investment purposes. Many equity transactions are the loss but nobody is accountable, instead, seniors and managers can be promoted to higher ranks. There are thousands excuses and explanations why transactions fail - weak local markets, weak local sponsors but never poor investment or management decisions. How the investment division handles client relationship is also a big question mark - still a lot of arrogance and lack of professionalism and ethics. 4. Advisory services: inefficient, outdated and with focus on commercialization even fraudulent meaning advisory managers don't allow to disclose pricing to clients and put 30% overhead to cover part of their expensive time. As to the expertise, the organization is totally dependent on external experts and for their expertise literally robs clients charging twice of their rates. 5. The organization is a top-down pyramid, senior people and managers don't contribute much to practically anything including business development, client relationship, credit analysis, etc. All the work is done practically by local staff who then not even credits for their hard jobs.