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The IMF supports capacity development through a dedicated staff that comes from nearly 150 countries. Leveraging their professional experience garnered from national and international agencies, academia and the private sector, IMF staff share their collective experiences with member countries on what policies work, why they unleash growth and how best to implement them.
Strengthening the capacity of economic institutions, such as central banks and finance ministries, results in more effective policies that lead to greater economic stability and growth.
That is why for more than 50 years, the IMF has worked with governments around the world to strengthen these institutions by providing technical assistance and training on critical economic issues. This helps countries develop the foundation they need to achieve their growth and development goals.
Capacity development is a core mandate of the IMF and accounts for nearly a third of its budget. Advising finance ministries on how to raise revenue enables governments to provide better public services such as schools, roads and hospitals, Helping countries align their legal and governance frameworks to international standards enables countries to combat corruption, money laundering and terrorism financing, Improving countries’ macroeconomic and financial data provides them a more accurate read on their economy and sends a message of transparency.
Helping attract greater investments, Training policymakers on policies such as progressive taxation, financial inclusion and gender budgeting helps countries frame policies that reduce inequality.
The IMF’s capacity development efforts are also focused on helping member countries tackle development priorities — such as income inequality, corruption, climate change and gender inequality — helping them make progress toward the Sustainable Development Goals (SDGs).
Nationalities eligible to apply:
This Scholarship is available for international students from all over the world.
Funded Internship Program in the United States:
summer interns gain an insider’s view of the member-country-focused mandate and critical international work of the IMF. You will build professional networks while you apply your research and analytical skills to help us explore questions of real importance to our member countries and to global economic stability.
Whether you see a future for yourself in international organizations or are simply curious about policy and operational work, this is an ideal opportunity to familiarize yourself with both while leveraging your cutting-edge skills and expanding your research experience.
Recruit for the FIP on a global basis with approximately 50 students from around the world joining each year at IMF headquarters in Washington, D.C. These paid internships take place between June and October and run for 10 to 12 weeks.
Eligibility Criteria and Qualifications:
- For the Economic internship, you should have concentrated your studies on monetary and international economics, public finance, financial markets, economics, or a related field. In addition, you should possess strong analytical and quantitative skills and have an excellent command of written and oral English.
- If you are currently completing a PhD, you must be:
Registered as an active student (i.e. returning to university studies after completing the internship)
Below the age of 32 at the start of the internship
- If you are currently completing a master’s degree, you must be:
Registered as an active student at the time of application (not yet graduated)
Below the age of 28 at the commencement of the internship
- If you are applying to the Legal Department Internship you must be:
Within one to two years of completing an LLM, J.D, or equivalent advanced degree in law
Below the age of 32 at the commencement of the internship
Benefits of Funded Internship Program in the United States:
- A competitive salary
- Round-trip restricted economy class air travel from their university to Washington, D.C.
- Limited medical insurance coverage.
- Providing the paperwork necessary to facilitate your G4 visa request with U.S.
Monetary and international economics, public finance, financial markets, economics, or a related field
- Photo with a white background.
- Academic certificates.
- English language proficiency certificate such as IELTS or TOEFL.
- Recommendation Letters.
- Motivation letter.
Important dates and deadline:
Applications for Funded Internship Program in the United States start in December 2022.
- Writing and preparing academic topics
- Curriculum Vitae (CV)
- letter of intent
- Research proposals
- Personal Statement
- Recommendation letter
in addition to full application for scholarships and university admissions).
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