IM
Economist/Senior Economist, CEMAC, Central II Division, AFR
full-time•Washington
About this role
Work for the IMF. Work for the World.
The African Department’s Central II Division has a desk assignment for an Economist to work as the CEMAC desk.
The CEMAC monetary union includes 6 countries, spanning the categories of fragile states, low-income countries, middle income countries and frontier markets (Cameroon, Central African Republic (CAR), Chad, Equatorial Guinea, Gabon, and Republic of Congo). All CEMAC members are program or near-program countries. The CEMAC team leads dialogue with regional institutions—regional central bank (BEAC), financial supervisor (COBAC), and the CEMAC Commission—on policy assurances needed to underpin the programs in the region. The CEMAC faces a difficult economic and financial situation amid large fiscal imbalances, intensified sovereign-bank nexus and dwindling external buffers, raising interesting questions about the Fund’s regional engagement strategy. The region will need to continue to pursue a regionally coordinated strategy to restore fiscal and external sustainability, with the support of national governments, CEMAC regional institutions and international partners, including the Fund. With country programs expected to anchor fiscal adjustment, CEMAC regional institutions’ main objectives are to support rebuilding regional reserves, strengthen the financial sector, and support structural reforms. The position offers a unique opportunity to work on a regional program and play a central role in the coordination with CEMAC country teams. This assignment will count toward the required 2-year requirement to apply for A15 opportunities under the new Fungible Macroeconomist Career Framework.
Job Roles & Responsibilities: The selected candidate will be part of a team conducting the review of regional policy assurances supporting the programs. The selected candidate will be involved in the analysis of all sectors of the economy (with a focus on one or two sectors), policy discussions, and preparation of documents. He/she will also be expected to carry out research and analytical work on the region. The selected candidate will be involved in drafting the policy note and staff report for the regional policy assurances, the note for the Tripartite meeting with CEMAC ministers of finance and regional institutions, organizing the CEMAC breakfast (Annual Meetings) and participating in the review and Article IV missions.
Central II Division comprises the following countries: Angola, Equatorial Guinea, Gabon, Republic of Congo, and CEMAC. Questions on this job posting should be addressed to Roland Kpodar, Mission Chief CEMAC.
Qualifications:
In addition to the qualifications set forth in the job standards, the successful candidate must have a strong background in macroeconomics with good knowledge of Fund policies and practices. He/she should have a strong interest in analytical work and cross-country surveillance. He/she should have excellent drafting and be able to manage his/her time well. He/she must also have sound analytical and data management skills as well as strong interpersonal and teamwork skills. Given the pressures currently facing the region, resourcefulness in handling unexpected events and ability to work effectively under pressure are essential. Working knowledge of French would be a strong advantage.
Department:
AFRC2 African Department Central II DivisionHiring For:
A11, A12, A13, A14The 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.
What you'll do
- The selected candidate will conduct reviews of regional policy assurances and analyze various sectors of the economy. They will also draft policy notes and participate in meetings with CEMAC ministers and regional institutions.
About International Monetary Fund
The International Monetary Fund has a key position in promoting the health of the world economy. Established in 1944 as a part of the United Nations system, the IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries and their citizens to buy goods and services from each other. This is essential for sustainable economic growth and rising living standards.
To maintain stability and prevent crises in the international monetary system, the IMF conducts surveillance of national, regional, and global economic and financial developments. It provides advice to its 190 member countries, encouraging them to adopt policies that foster economic stability, reduce their vulnerability to economic and financial crises, and raise living standards. The IMF also serves as a forum where its global membership can discuss the national, regional, and global consequences of their policies.
The IMF makes financing temporarily available to member countries to help them address balance of payments problems—that is, when they find themselves short of foreign exchange to meet their payments to other countries.
Finally, the IMF provides countries with training to help them build the expertise and institutions they need for economic stability and growth. Supporting all of these activities is the institution's work in economic research and statistics.
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What does a Economist/Senior Economist, CEMAC, Central II Division, AFR do at International Monetary Fund?
As a Economist/Senior Economist, CEMAC, Central II Division, AFR at International Monetary Fund, you will: the selected candidate will conduct reviews of regional policy assurances and analyze various sectors of the economy. They will also draft policy notes and participate in meetings with CEMAC ministers and regional institutions..
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The Economist/Senior Economist, CEMAC, Central II Division, AFR position at International Monetary Fund is based in Washington, District of Columbia, United States. Contact the company through Clera for specific work arrangement details.
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