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IMF Capacity Development: What are the Fund's Training Strategies?

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IMF Capacity Development: What are the Fund's Training Strategies?

May 13, 2021

Estimated reading time: 5 minutes

IMF Capacity Development

When you become a member of the International Monetary Fund (IMF) team, in a collaborative and supportive environment, you will work on a wide range of challenging issues that the global economy runs into, as well as make a direct, measurable impact on the well-being of people all around the world.

The IMF attracts professionals who are driven to work in a truly multicultural environment and are passionate about the mission of achieving global economic stability, whether as an economist, or part of a highly qualified professional administrative team.

If you are someone who wishes to start an international career at the International Monetary Fund, first of all, it is essential that you know about all the different job possibilities and careers that the organization offers, as well as its organizational chart, payment and benefits policies, recruitment platform, and the professional and academic profile they look for.

The central objective of this article is to present to you with the strategies employed by the IMF in its capacity development training.

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The IMF offers different opportunities to professionals looking to kick-start their careers with the organization, through which they select highly qualified and motivated people to work in its various areas of activity. There are internship programs, consultant vacancies, young professional programs, administrative jobs, among others.

In pursuit of its mission, the OpenIGO network has prepared a comprehensive eBook and special services to help candidates navigate through the IMF job opportunities. In this article, we are going to present each one of these services. You will understand why each of them is worth every cent, you will have access to our clients’ reviews and satisfaction rate. Our team has already helped dozens of candidates to land a job at expressive international organizations such as the IMF.

If you want to know more about it, access:

IMF Jobs and Careers: Products & Services

Would you like to know the Fund’s requirement for its internship program? Then check out our magazine on the topic right now!

IMF Capacity Development Strategies

Capacity development represents the third pillar of IMF functions. It is closely connected to financial aid and monitoring, since the aim is to support member countries to construct and adapt their economic institutions, to prepare and implement public policies, and global economic development strategies.

Since 2015, the IMF has incorporated the Sustainable Development Goals to the capacity development pillar – also known as the 2030 Agenda – a set of 17 global targets established by the United Nations General Assembly (UN-GA).

Thus, the Fund is placed on a broader international agenda, spanning topics such as education, gender equality, and environmental sustainability, among others, supporting member countries to achieve these objectives from their economic policies.

Capacity development

Capacity development currently represents one-third of the Fund`s resources and has been a vital function for more than 50 years.

Capacity development includes a range of agents, such as ministers, central bank presidents and technicians, fiscal authorities, private economic institutions, and academics, among others.

Its objectives are strengthening public finances, modernizing monetary and exchange regimes, supporting financial systems, developing legislative and legal structures, improving governance, and promoting the production and circulation of statistical data.

Capacity development can be requested by all of the 190 members, without any differentiation with regards to access. In recent years, developing countries, and those affected by crises, represent the main group of beneficiaries.

How the IMF provides capacity development to its staff

The IMF performs this role through:

a) Personal visits by the Fund`s technical staff, when requested by the member country.

b) Allocation of personnel as permanent residents in member countries, so there is always a contact person.

c) A global structure of development training centers.

d) Provision of training and classes for government officials, and central bank members of staff, among others.

e) Open, free online courses.

Want to know more? Check out our comprehensive eBook that will help you land a career at the IMF! It will introduce you to this complex organization and its approach towards international development; it will teach you how to prepare each of the documents required in detail, and it will also get you ready for the interview.

Upon acquiring the eBook you will also receive 30 days of support to clarify any queries.

Get it here:

IMF Jobs and Careers (eBook)

Some of the courses the IMF offers are directed towards general economic studies, and others focus on areas of macroeconomic management, such as public finance, monetary and foreign exchange policy, and the financial sector. The course catalogue can be found at this link!

In addition to the IMF site, the IMF Institute Learning Channel is available on the YouTube platform, and these videos are a more agile and direct form of training. Lastly, the IMF provides free courses for the community in general.

For additional information, access:

IMFx Free Online Courses

IMF Capacity Development Training (Brochure)

Contact for questions

 

The IMF offers different opportunities to professionals looking to kick-start their careers with the organization, through which they select highly qualified and motivated people to work in its various areas of activity. There are internship programs, consultant vacancies, young professional programs, administrative jobs, among others.

In pursuit of its mission, the OpenIGO network has prepared a comprehensive eBook and special services to help candidates navigate through the IMF job opportunities. In this article, we are going to present each one of these services. You will understand why each of them is worth every cent, you will have access to our clients’ reviews and satisfaction rate. Our team has already helped dozens of candidates to land a job at expressive international organizations such as the IMF.

If you want to know more about it, access:

IMF Jobs and Careers: Products & Services

Also, check out our overview of IMF Job Opportunities:

IMF Jobs: Overview


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