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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






HOME ABOUT THE IMF

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


Tax administration, public financial management, monetary policy





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






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






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






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


diverse





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


employees.





Economist Program Open to graduates with PhD economics, macroeconomics, public

finance, monetary economics, financial sector issues, or

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, 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.






Experienced EconomistsExperienced economists with a graduate degree and 5‒10 years of professional experience in economic policy issues at the national level

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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.






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.






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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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






Arigatou gozaimasu, g gThank you


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