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Economist/Sr. Economist (Contractual) - ICDRM

Work for the IMF. Work for the World.

 

The Resource Management and Policy Coordination Division of the Institute for Capacity Development (ICDRM) is seeking to hire a contractual Economist/Sr. Economist.

The Institute for Capacity Development (ICD) supports IMF member countries to build the institutions and capacity to formulate and implement sound economic and financial policies. ICD is responsible for capacity development (CD) delivery, including training and technical assistance, in macroeconomic and financial policy and for development and implementation of the Fund’s CD strategy.

ICDRM oversees the financial and administrative management of the department, including the development of the CD medium-term budget (MTB), medium-term workplan (MTW), and financing strategy. The division also coordinates the departmental policies, processes, and systems related to CD delivery, including (i) results-based management and CD performance, and (ii) implementation of the Capacity Development Management and Administration Program (CDMAP) within ICD.

Working closely with the management of ICDRM and divisions in charge of CD delivery, the Economist/Sr Economist  will contribute to a wide-range of projects and activities, including: (I) leveraging data to analyze and contribute to the internal dialogue on resource allocation and performance; (II) compiling and analyzing data on ICD outputs, outcomes, and costs; (iii) contributing to strengthening the department’s procedures for financial and operational controls; (iv) supporting the development and implementation of CDMAP 2.0; and (v) reviewing and participating in Fund-wide initiatives on corporate and CD matters.

In addition, as a member of the ICDRM policy coordination team, the Economist/Sr Economist’s responsibilities will include:

(i) proactively coordinating between area departments and ICD, including RTCs, across the MTB and MTW cycles;

(ii) supporting the development and implementation of the MTW for one or two regions that outlines strategic priorities and objectives;

(iii) supporting mobilization of partner financing, including preparing funding program proposals and budgets, in consultation with ICD divisions, Regional Training Centers, and other departments;

(iv) coordinating reporting and evaluations related to funding programs;

(v) advising project managers on policies related to CD financing; and

(v) ensuring the quality of data related to CD performance and support to area departments.

Minimum qualifications

Educational development, including and/or supplemented by work experience, typically acquired through the completion of:

  • An advanced degree in macroeconomics, monetary economics, financial economics, public finance, international trade, econometrics and/or related field, supplemented by a minimum of four years of relevant professional experience is required; OR

  • A PhD in macroeconomics, monetary economics, financial economics, public finance, international trade, econometrics and/or a related field is required.

Candidates should have a mix of operational and advisory experiences, gained within a ministry, international financial institution, international organization, development partner, or consulting firm, is highly desirable. The successful candidate should demonstrate experience of collaborating with senior managers. Moreover, they should have practical experience of budget formulation or implementation, results-based management, business process modernization, project management, and supporting the implementation of strategic initiatives.

In addition, this role requires excellent analytical and quantitative skills; experience in planning and project management; strong oral and written communication skills in English; ability to set priorities, work under pressure, and manage concurrent tasks within tight deadlines; and ability to lead or be part of a task team.

This is a one-year contractual appointment. Contractual appointments at the IMF are renewable for up to four years of cumulative contractual service, pending incumbent's performance, budget availability, and continuous business need.

Department:

ICDRM Institute for Capacity Development Resource Management and Policy Coordination Division

Hiring For:

A11, A12, A13, A14

The IMF is guided by the principle that the employment, classification, promotion, and assignment of staff shall be made without discrimination against any person. We welcome requests for reasonable accommodations for disabilities during the selection process. Information on how to request accommodations will be provided during the application process.

Average salary estimate

$100000 / YEARLY (est.)
min
max
$80000K
$120000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Economist/Sr. Economist (Contractual) - ICDRM, IMF

Join the IMF’s Institute for Capacity Development (ICD) as an Economist/Sr. Economist in Washington DC, and be part of an exciting journey that makes a real difference in the world. At ICDRM, you'll work on enhancing the institutional capacities of IMF member countries to formulate and implement effective economic policies. This role is a fantastic opportunity to leverage data for enhancing performance discussions, manage budget frameworks, and refine operational controls. Your insights will help coordinate closely with department management and contribute to impactful projects like the CDMAP 2.0, supporting regional objectives and mobilizing partner financing. Collaborating with various teams ensures that you're at the heart of policy coordination, analyzing outputs, and advising on financial strategies. This is not just a job; it's a chance to use your advanced macroeconomic skills along with your analytical prowess to truly make an impact. If you have a keen eye for detail, can handle pressure gracefully, and have solid experience in project management and budget implementation, this contractual role could be the next step in your professional career. Here at the IMF, we're passionate about building a diverse and inclusive team that works together to enhance global economic policies—consider being a part of that important mission!

Frequently Asked Questions (FAQs) for Economist/Sr. Economist (Contractual) - ICDRM Role at IMF
What are the main responsibilities of the Economist/Sr. Economist position at the IMF?

As an Economist/Sr. Economist at the IMF's Institute for Capacity Development (ICD), your primary responsibilities involve managing and analyzing data for internal dialogues on resource allocation, contributing to projects that aim to enhance operational controls and support strategic initiatives such as CDMAP 2.0. You'll coordinate with various departments, advise on CD financing policies, and help ensure the quality of data related to capacity development performance.

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What qualifications are required for the Economist/Sr. Economist role at ICDRM?

To qualify for the Economist/Sr. Economist role at the IMF, candidates must possess an advanced degree in fields like macroeconomics or financial economics, along with at least four years of professional experience, or a PhD in a related area. A mix of operational and advisory experience in international finance or development environments is highly desirable.

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How does the IMF support ongoing professional development for the Economist/Sr. Economist position?

The IMF fosters professional development through its commitment to capacity building and strategic initiatives. As an Economist/Sr. Economist, you’ll have access to continuous learning opportunities, training programs, and the chance to collaborate on high-impact projects that enhance your skills and expertise within the field of economic policy.

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What skills are essential for success as an Economist/Sr. Economist at the IMF?

Successful candidates for the Economist/Sr. Economist role at the IMF should demonstrate strong analytical and quantitative skills, excellent communication abilities, and experience in project management. Additionally, adaptability in setting priorities and managing tasks under pressure, as well as experience in budget formulation and results-based management, are crucial for thriving in this position.

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What is the contract duration for the Economist/Sr. Economist position at ICDRM?

The Economist/Sr. Economist position at the IMF is offered as a one-year contractual appointment. However, this contract is renewable for up to four years based on performance, budget availability, and ongoing business needs, providing candidates with stability and growth opportunities.

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Common Interview Questions for Economist/Sr. Economist (Contractual) - ICDRM
Can you describe your experience with budget formulation and implementation?

When answering this question, illustrate specific experiences where you developed, managed, or analyzed budgets, especially in context with capacity development projects. Mention any relevant tools or methodologies you used and how your contributions impacted financial outcomes.

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What strategies do you use for data analysis in economic policy development?

Discuss your approach to quantitative analysis, including any software or techniques you utilize. Provide examples of how your data analyses have supported decision-making processes or policy recommendations in previous roles. Focus on instances where your insights led to significant shifts in strategy or resource allocation.

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How do you prioritize and manage multiple tasks under tight deadlines?

Share methods you employ to prioritize tasks, such as categorizing based on urgency and importance. Give examples of past experiences where you successfully managed competing deadlines, and highlight your ability to remain focused and deliver high-quality work under pressure.

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Describe a time when you had to coordinate across various departments. How did you ensure effective communication?

Provide an example reflecting your coordination skills, discussing specific measures you took to enhance communication among departments. Mention any tools or techniques that facilitated collaboration, and describe the outcomes of these efforts, particularly any enhancements in project success or operational efficiency.

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What do you understand about the role of capacity development in economic policy?

Discuss your understanding of capacity development as a vital component of effective economic policy implementation. Provide examples of how you have engaged in capacity-building initiatives or your thoughts on their importance in institutional strengthening within member countries.

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How do you assess the impact of economic policies on performance outcomes?

Discuss your methodology for evaluating economic policy impacts, such as utilizing key performance indicators or benchmarking outcomes against set objectives. Provide examples of your analytical processes and how your assessments have informed policy adjustments.

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What role does collaboration play in your decision-making process?

Emphasize the importance of collaboration in achieving comprehensive and well-rounded decision-making. Share examples when collaborative discussions led to enhanced project outcomes or important realizations that you may not have reached independently.

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Can you explain the significance of results-based management in your experience?

Elaborate on your experience with results-based management, focusing on how you have integrated it into project planning and evaluation. Mention specific scenarios where your contributions led to measurable improvements in project results, showcasing your expertise in performance management.

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How do you keep up with the latest trends in economic policy and development?

Discuss the various sources you follow, such as academic journals, industry reports, or professional networks. Highlight your commitment to continuous learning and adapting to new economic trends and data insights, showcasing your proactive approach to your professional development.

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What motivates you to work in international financial institutions like the IMF?

Share your passion for global economic development and how working at the IMF aligns with your career aspirations. Reflect on your desire to contribute positively to international economic stability and development, demonstrating your motivation to engage in meaningful work.

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The International Monetary Fund (IMF) is an organization of 187 countries dedicated to promoting global monetary cooperation and the health and stability of the international financial system. Each member of the IMF contributes through the payment...

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DATE POSTED
April 10, 2025

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