International Monetary Fund or IMF invitations functions for its summer time Fund Internship Program (FIP) on a worldwide foundation with roughly 50 college students from around the globe.
The International Monetary Fund (IMF) is a global monetary establishment, headquartered in Washington, D.C., consisting of 190 nations working to foster international financial cooperation, safe monetary stability, facilitate worldwide commerce, promote excessive employment and sustainable financial development, and scale back poverty around the globe whereas periodically relying on the World Bank for its assets.
Formed in July 1944, on the Bretton Woods Conference primarily by the concepts of Harry Dexter White and John Maynard Keynes, it got here into formal existence in 1945 with 29 member nations and the objective of reconstructing the worldwide financial system. It now performs a central position within the administration of steadiness of funds difficulties and worldwide monetary crises. Countries contribute funds to a pool via a quota system from which nations experiencing steadiness of funds issues can borrow cash. As of 2016, the fund had XDR 477 billion (about US$667 billion).
Fund Internship Program (FIP)
IMF’s summer time interns acquire an insider’s view of the member-country-focused mandate and demanding worldwide work of the IMF. You will construct skilled networks whilst you apply your analysis and analytical expertise to assist them discover questions of actual significance to IMF’s member nations and to international financial stability.
Whether you see a future for your self in worldwide organizations or are merely inquisitive about coverage and operational work, this is a perfect alternative to familiarize your self with each whereas leveraging your cutting-edge expertise and increasing your analysis experience.
IMF recruits for the FIP on a worldwide foundation with roughly 50 college students from around the globe becoming a member of annually at IMF headquarters in Washington, D.C.
These paid internships happen between June and October and run for 10 to 12 weeks.
You will work carefully with an skilled IMF colleague on a present problem or analysis query of significance to our members. ( See beneath for info on internships within the IMF’s Legal Department). The outcomes of your work could also be offered to IMF workers on the finish of your internship, and lots of of our interns have had their work revealed by the IMF.
Previous FIP Research Topics
- A Bottom-Up Approach to Modeling Inflation Dynamics in LAC
- Taking Stock of Digitalization and its implications for Inflation Dynamics and Monetary Policy
- A Review of the Experience with Diversification, Poverty Reduction, and Inequality
- The Role of Prudential Policies in Attenuating the Credit Cycle
- Macro-Financial Performance, PFM, and Corruption Indicators
- The Role of Intangible Assets and Innovation Policy in ASEAN
- What is Behind High Interest Rate Spreads in Africa?
The IMF’s Legal Department additionally gives internships under this program. In previous years, Legal Department tasks have included:
- Analysis of the Legal Framework for Capital Controls Under the European Economic Area
- Research on the Insolvency of Non-Bank Financial Institutions
- Research on the Legal Mandate of the IMF In Financial Regulation
- Cross-Country Comparisons of Effectiveness in AML/CFT Efforts
This internship is paid. FIP individuals obtain:
- A aggressive ongoing wage
- Round-trip restricted financial system class air journey from their college to Washington, D.C.
- Limited medical insurance coverage protection.
Who Should Apply?
For the Economic internship, it’s best to have concentrated your research on
- Monetary and International Economics
- Public Finance
- Financial Markets
- Economics, or a related area.
In addition, it’s best to possess robust analytical and quantitative expertise and have a superb command of written and oral English.
If you’re at the moment finishing a Ph.D., you have to be:
- Registered as an energetic scholar (i.e. returning to college research after finishing the internship)
- Below the age of 32 at first of the internship
If you’re at the moment finishing a grasp’s diploma, you have to be:
- Registered as an energetic scholar on the time of utility (not but graduated)
- Below the age of 28 on the graduation of the internship
If you’re applying to the Legal Department Internship you have to be:
- Within one to 2 years of finishing an LLM, J.D, or equal higher level diploma in legislation
- Below the age of 32 on the graduation of the internship
Note: India is among the member nations of the IMF. Therefore, indian college students are eligible for this internship.
How to Apply?
Students in macroeconomics or a related area ought to apply via JobLink and, after finishing all fields within the type, you should definitely enter 1800920 into the sector titled, “Job Number.”
A Law scholar or a scholar in a related tutorial area ought to apply via JobLink [Given below], and, after finishing all fields within the type, you should definitely enter 1800904 into the sector titled, “Job Number.”
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