Work for the IMF. Work for the World.
The scholar will provide support to MCM’s work on debt-for-climate swap and adaptation investment issues and related implications for financial stability. This will include the modeling aspects of these issues considering a small open economy vulnerable to climate shocks as well as the most realistic and stochastic nature of climate shocks. He/she will provide input and guidance on model development as well as how such theoretical work can guide empirical analysis with the ultimate goal of providing feedback and suggestions on both internal memos and working papers that focus on policy questions related to these topics.
The scholar will be expected to work on the implementation of the analytical agenda of the Surveillance and Review Division related to the IMF’s view on sustainable financing and their implication for financial stability from both modeling and empirical standpoints. Specifically, he/she will help develop a dynamic stochastic model, with a full-fledged financial sector to study the interplay between disaster-induced financing and debt sustainability along with their financial stability implications. The framework should offer granularity that allows an in-depth analysis of debt-for-climate swap. It will help to not only inform the Fund’ work on how to maintain sovereign’s creditworthiness while building capacity to cope with climate disasters, but to also understand to what extent the financial markets dynamically interiorize climate risks into their pricing of financial instruments?
MCM continues to be involved in the Fund’s efforts to strengthen its understanding of the interplay between natural disasters and financial stability with a solid theoretical and empirical analytical agenda.
MCMSR Monetary and Capital Markets Dept. Macrofinancial Surveillance & Review
B02
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.
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.
