ABOUT THE IMF RESEARCH COUNTRIES NEWS VIDEOS DATA PUBLICATIONS SOCIAL MEDIA HUB

Transcription

1 Working at the IMF About the IMF Headquartered in Washington, D.C. 2,700 staff from 147 countries 1944: 44 member countries Today: 188 member countries

2 About the IMF Mandate: Global l Economic & Financial i Stability Short-term balance of payment support Facilitate expansion in trade, high levels of employment and income Pillar of Multilateralism Promotes economic cooperation Complements the UN, World Bank, WTO, & ILO How the IMF Works Board of Governors 188 countries Executive Board 24 members 8 countries have single Executive Directors Meet three times a week Chaired by the Managing Director Power based on structure Quotas Voting power Q (Japan 6.6%; 6%; USA 16.74%) Access to financing

3 Management Managing Director First Deputy Managing gdirector Deputy Managing Directors Our Purpose Provide the global public good of economic and financial stability Forum for cooperation Ruthless truth-telling Surveillance Technical Assistance Lending Financial assistance to members

4 ABOUT THE IMF RESEARCH COUNTRIES NEWS VIDEOS DATA PUBLICATIONS SOCIAL MEDIA HUB Surveillance Bilateral, regional, and global assessments Evenhanded and ruthless truth-teller Every country gets an annual checkup Spillovers Economic Doctor ABOUT THE IMF RESEARCH COUNTRIES NEWS VIDEOS DATA PUBLICATIONS SOCIAL MEDIA HUB Lending Non-concessional Non concessional Crisis management and prevention Concessional Tailored to country needs Conditionality C di i li Flexible, focused, social Global Firefighter g

5 Technical Assistance Barbados Mali Lebanon Guatemala Ghana Tanzania Gabon Mauritius Fiji Least visible most appreciated Tax administration, public financial management, monetary policy Global institution, reflecting global realities Attempted shift of voting shares to Emerging Market and developing countries Post-Crisis Cooperation avoided a second Great Depression G-20 Fiscal stimulus IMF lending Human impact

6 Social Dimensions of the IMF Health Inequality Unemployment Climate change Women Jobs & growth Social spending JAPAN & the IMF Membership: August 13, 1952; 63 years of partnership Quota: SDR 15.6 billion; 6.56%, 2 nd largest Has own Director on the Executive Board 4 Deputy Managing Directors (DMD) have been Japanese nationals; today, DMD Mitsuhiro Furusawa As of June 2015, 70 Japanese staff work at the IMF

7 Employment Opportunities Economists Interns & Research Assistants Economist Program Experienced Economists Other Professionals Lawyers Accountants IT professionals Journalists Human Resources Choosing the IMF Why do macroeconomists choose the IMF? Brand An international career in a prestigious, renowned organization Work Contribute t to macroeconomic policymaking. Apply academic studies to current, real world, global macroeconomic o c policy issues. Making a difference foster change on the ground! Variety Combination of policy research, analytical and operational work Environment Intellectually challenging, multicultural and diverse

8 Intern Program For graduate students of macroeconomics (mostly in Ph.D. studies) Approximately interns per year 10 to 13-week (May Oct) paid internship at Washington, D.C. Headquarters Research project working under the supervision of a senior economist Research Assistants Program (RAP) Two-year program for recently graduated Economics (or related field) Bachelor s degree students t with a GPA of at least 3.5. Full salary, medical coverage and relocation benefits of IMF contractual employees. Economist Program Open to graduates with PhD economics, macroeconomics, public finance, monetary economics, financial sector issues, or econometrics. 3-year program; two 18-month assignments (in two types of departments) during which participants are fully fledged economists working on countries, global/regional policy issues, or research. Access to further training in the areas of macroeconomics, languages, IT, and management skills. Annual application deadline: dli Nov 20, offers Feb; start t Sep 2016.

9 Experienced Economists Experienced economists with a graduate degree and 5 10 years of professional experience in economic policy issues at the national level (Central Bank, MoF, IFI), and/or research and academia. The work: Experienced economists work on a member country s economic developments and policies ( desk economist ) or on general policies or specialized functions in a functional department. Many assignments include mission travel. Opportunities for resident representative assignments in member countries. Competitive selection: initial pre-screening and technical interview. Those successful can be selected immediately for positions, or placed in a pool of candidates on which the IMF departments draw as soon as a suitable vacancy arises. Other Careers Professionals in several specialized fields in the areas of communication, finance, accounting, human resources, information technology, language service, legal, and many more The work: in one of the supporting IMF departments (Communications, Technology and General Services, Finance ), providing a wide range of expertise and services in communications, accounting, budgeting, administration, procurement, information technology, human resources Requirements: experienced professionals with a minimum of a master s degree in the relevant field of expertise and 3 5 years professional experience Job postings: positions are advertised in

10 Contract Temporary Employment Used primarily for short-term assignments ( 2 yrs). Job functions needed for only a relatively short period (consultant, expert functions) and finite projects (less than two years) requiring specialized skills not otherwise available on staff, or needed for longer term. Visiting scholars/academics. Short-term term contractual (less than 3 months) paid assignment to undertake research on specific issues of interest to the Fund. IMF Benefits Monetary Benefits Other benefits Social Net-of-tax tax salary Relocation allowance and settling-in grant Shipping allowance for personal effects Annual pay increases Medical and pension benefits Leave entitlements Work-life balance programs Expatriate benefits (non-u.s. citizens) Onsite health clinic Variety of clubs and associations

11 Arigatou gozaimasu, Thank you