IMF - International Monetary Fund
The IMF is an organization working to foster global monetary cooperation and secure financial stability around the world.
The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
The highest decision-making body of the IMF is the Board of Governors, which meets once a year, during the IMF–World Bank Annual Meetings. The Meetings, which take place in September or October, are held in Washington for two consecutive years and in another member country in the third year. The IMF Board of Governors is advised by the International Monetary and Financial Committee (IMFC). The IMFC meets twice a year, during the Spring and Annual Meetings.
The working language of the IMF is English. Other languages, mainly Arabic, Chinese, French, Russian, Portuguese, and Spanish, are used in the IMF’s interaction with member countries. Local languages are often used in the field. A policy of disseminating information in languages other than English (LOEs) is in effect.
Nevertheless, the vast majority of IMF meetings are held exclusively in English and most meetings that require interpretation use two languages only. Hence the interest in recruiting colleagues of all booths with a solid retour into English. With a limited number of staff interpreters, the organization relies heavily on freelancers.
IMF Language Services is a group within the Technology and General Services Department. Language Services provides translation and interpretation services, both locally and abroad, to facilitate communication between the IMF, its member countries, media (all forms), and the general public. Although the Fund maintains a core of staff translators and interpreters, a significant portion of the work is performed by freelancers based in the United States and around the globe. Interpretation Services has a roster of over 4,000 freelance interpreters in over 110 countries and provides approximately 12,000 days of interpretation per year.
The IMF currently employs approximately 2,400 staff, half of whom are economists. Most of them work at the IMF's headquarters in Washington, D.C. IMF Language Services currently employs approximately 50 staff, one third of whom have interpretation duties, the other third are translators, and the remaining third are support staff. Staff interpreters are located in their respective language sections. All IMF staff interpreters perform translation or managerial duties.
Conference interpretation is provided for multilingual IMF meetings worldwide, including the Annual and Spring Meetings, as well as simultaneous and consecutive interpretation for missions, conferences, seminars, training courses, and for resident advisors and technical assistance experts at HQ and in the field.
Senior Interpreters act as team leaders. They assist in training conference interpreters and in coordinating and evaluating their work; conduct research in specific fields connected with IMF activities and policies, especially terminology for meetings and missions; and assist in the assessment of interpretation and translation tests and in the interviews of prospective contractual candidates.
Recruitment Conditions and Benefits
The IMF’s compensation system seeks to ensure competitiveness in the market sectors in which it competes for staff, and effectiveness in supporting the recruitment and retention of a diverse, multinational staff meeting the highest standards of quality and professionalism. It is also structured and administered in a way that provides effective incentives for high standards of performance and ensures internal equity and consistency.
Positions at the IMF are grouped into 19 job grades so that positions with broadly similar job content are placed in the same grade, and positions in each successively higher grade have progressively greater duties and responsibilities. Grades A1-A8 comprise support staff positions; Grades A9-A15 are professional positions; and Grades B1-B5 cover senior staff positions with managerial responsibilities. Interpreters are recruited at grades A11-A13 and may be promoted to A14 (Senior Interpreter-Translator or Interpreter-Reviser).
Job announcements are posted at http://www.imf.org/external/np/adm/rec/recruit.htm and questions about vacancies or about the online system JobLink may be directed to email@example.com. IMF Interpretation Services periodically organizes recruitment campaigns with a view to identify freelance interpreters and interpreter/translators to work with IMF missions and interpret at other events organized or sponsored by the IMF.
Living in Washington, D.C.
IMF Headquarters is located in the heart of the commercial district of Washington, D.C. Over 90 percent of our staff work at headquarters and live in the District of Columbia or in the nearby suburbs of Maryland and Virginia. The D.C. metropolitan area has one of the most highly developed public transportation networks in the United States, and the IMF’s headquarters are located within a 10-minute walk of three subway lines.
Washington is not only the base of the U.S. government, but is also home to numerous international organizations, embassies, academic institutions, think-tanks, and national and international non-profit organizations. The D.C. metropolitan area is a hub for the practice of various types of law, as well as for the high-tech, bio-tech, and defense industries.
Washington is known not only for its monuments and museums, but also for its diverse population, cultural offering, and green spaces. With professional baseball, football, basketball, ice hockey and soccer teams, the D.C. area is popular with sports fans. Nature lovers will find numerous state and national parks, mountains, rivers and seashore all within a 3-hour drive. Theatre and music enthusiasts will find several local entertainment venues and can enjoy the fact that New York City is less than a 4-hour train ride away. While many young professionals appreciate the fact that the city's singles population is well above the U.S. national average, families with children will also find a wide variety of activities.
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