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Working at the IMF Working at the IMF
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HOME ABOUT THE IMF
About the IMF
1944: 44 member countriesToday: 188 member countries
Headquartered in Washington, D.C.2,700 staff from 147 countries
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M d t Gl b l E i & Fi i l St bilit
About the IMF
Mandate: Global Economic & Financial StabilityShort-term balance of payment supportFacilitate expansion in trade, high levels of employment and income
Promotes economic cooperationC l t th UN W ld B k WTO & ILO
Pillar of Multilateralism
Complements the UN, World Bank, WTO, & ILO
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How the IMF Works
188 countriesBoard of Governors
24 members 8 countries have single Executive Directors
Executive Board
DirectorsMeet three times a weekChaired by the Managing DirectorVoting power (Japan 6 6%; USA
Power structure based on “Quotas” (Japan 6.6%; USA
16.74%)Access to financing
Q
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Management Managing Director
First Deputy Managing Directorg g
Deputy Managing Directors
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Our Purpose
Provide the global public good ofProvide the global public good of economic and financial stability
Forum for cooperation SurveillanceSurveillance
T h i lT h i l
“Ruthless truth-telling”
Technical AssistanceTechnical Assistance
LendingLending
Financial assistance to members
LendingLending
Financial assistance to members
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Surveillance
Bilateral, regional, and global assessments
Evenhanded and “ruthless truth-teller”
Every country gets an annual checkup
Spillovers
Economic Doctor
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Non concessional
Lending
Non-concessionalCrisis management and prevention
ConcessionalTailored to country needsTailored to country needs
C di i liConditionalityFlexible, focused, social
Global Firefighter
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Technical Assistance
Barbados Mali
T i
Lebanon
GhanaGuatemalaGabon
Tanzania
MauritiusFiji
Ghana
Least visible — most appreciated
Tax administration public financial management monetary policy
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Tax administration, public financial management, monetary policy
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Global institution, reflecting global realities
• Attempted shift of voting shares to Emerging Marketand developing countries
Post-Crisis
• Cooperation avoided a second Great Depression• G-20• Fiscal stimulus• IMF lending• Human impact• Human impact
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UnemploymentUnemploymentSocial Dimensions of the IMF
HealthHealth
InequalityInequality
J b &J b &
Climate changeClimate change
Jobs & growthJobs & growth
WomenWomen
Social spendingSocial spending
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JAPAN & the IMF
• Membership: August 13, 1952; 63 years of partnership
• Quota: SDR 15.6 billion; 6.56%, 2nd largest
• Has own Director on the Executive Board
• 4 Deputy Managing Directors (DMD) have been • 4 Deputy Managing Directors (DMD) have been Japanese nationals; today, DMD Mitsuhiro Furusawa
• As of June 2015, 70 Japanese staff work at the IMF
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Employment Opportunities
Oth P f i lE i t
Employment Opportunities
Other ProfessionalsLawyers
EconomistsInterns & Research Assistants
Accountants
IT professionals
Economist Program
Experienced Economists IT professionals
Journalists
H RHuman Resources
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Choosing the IMFWhy do macroeconomists choose the IMF?
Brand An international career in a prestigious, renowned organization
W k C t ib t t i li kiWork Contribute to macroeconomic policymaking. Apply academic studies to current, real world, global macroeconomic policy issues. Making a g oba ac oeco o c po cy ssues a g adifference―foster change on the ground!
Variety Combination of policy research, analytical and operational work
Environment Intellectually challenging, multicultural and di erse
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diverse
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Intern Program For graduate students of macroeconomics (mostly in Ph.D. studies)
Approximately 40‒50 interns per yearpp y p y
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)Research Assistants Program (RAP)
Two-year program for recently graduated Economics (or related field) B h l ’ d t d t ith GPA f t l t 3 5Bachelor’s degree students with a GPA of at least 3.5.
Full salary, medical coverage and relocation benefits of IMF contractual employees
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employees.
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Economist Program Open to graduates with PhD economics, macroeconomics, public
finance, monetary economics, financial sector issues, or
g
, y , ,econometrics.
3-year program; two 18-month assignments (in two types of departments) during which participants are fully fledged economistsdepartments) 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 Access to further training in the areas of macroeconomics, languages, IT, and management skills.
A l li ti d dli N 20 ff F b t t S 2016 Annual application deadline: Nov 20, offers Feb; start Sep 2016.
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Experienced EconomistsExperienced economists with a graduate degree and 5‒10 years of professional experience in economic policy issues at the national level
p
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 economicThe 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 countriesOpportunities 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 y p p pthe IMF departments draw as soon as a suitable vacancy arises.
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Other Careers
Professionals in several specialized fields in the areas of communication finance accounting human resources informationcommunication, finance, accounting, human resources, information technology, language service, legal, and many more…
The work: in one of the supporting IMF departments (CommunicationsThe 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 resourcesprocurement, 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 experienceg p y p p
Job postings: positions are advertised in www.imf.org/jobs.
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Temporary Employment
• Contract
Used primarily for short-term assignments (≤ 2 yrs).
Job functions needed for only a relatively short period 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 contractual (less Visiting scholars/academics. Short-term contractual (less than 3 months) paid assignment to undertake research on specific issues of interest to the Fund.
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p
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IMF Benefits
Monetary Benefits Net of tax salaryMonetary Benefits Net-of-tax salary Relocation allowance and settling-in grant Shipping allowance for personal effects Annual pay increases Annual pay increases
Other benefits Medical and pension benefits Leave entitlements Leave entitlementsWork-life balance programs Expatriate benefits (non-U.S. citizens) Onsite health clinic
Social
Onsite health clinic
Variety of clubs and associations
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Arigatou gozaimasu, g gThank you
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