Oct 23, 2008

Countercylclical job offers

Apparently, what we thought was actually losing power, is back in the game. From the IMF website:

The International Monetary Fund (IMF), which has announced its readiness to lend billions of dollars to support nations hit by fallout from the global financial turmoil, is holding talks with several countries about possible new lending programs.

"I have been on the phone with leaders in several capitals who have asked the Fund for assistance. We now have mission teams in some of these countries assessing their needs and, where asked to do, discussing programs that could be supported by an IMF loan," says IMF Managing Director Dominique Strauss-Kahn.

The IMF is currently discussing possible loan packages for Hungary, Iceland, Pakistan, and Ukraine. It is also in discussions with a number of other countries about possible financing needs, and is providing confidential policy advice to governments in emerging and developing economies on how to adapt to the current turmoil. It said on October 22 that it would also begin discussions with Belarus.


Now you know the reason why there are new job offers available, as you have read in Rigot lately, and you know whom to talk to ask for advice....

7 comments:

Pierre-Louis said...

yeah...the IMF office in Geneva was having a closing ceremony yesterday...great timing!!!only a couple of months ago, Baldwin was writing that the IMF was passé and hence students should do their phd in trade! i guess that is all different today and macro will be getting interesting again!

Veronika said...

well, in the recruitment day they said they were still sizing down and the only way to get in was the Economist program which they never really intended to shut down. However, they are now looking for people with slightly different focus. They want those who understand both, macro and financial markets, really well.

Katya said...

dont be too simplistic. they also reformed their income model in the past year.

somehow, i dont see the fund in the capacity to consult on the financial markets, they just dont have enough of the right kind of people. so "back in the game" just does not sound right at the moment.

btw, Belarus does need a loan. but that doesn't have as much to do with the credit crunch as you would think.

PL, can you link to Baldwin's article?

Pierre-Louis said...

it's on his wall of fame!

Katya said...

mmm. what's that?

Dany said...

why to go to the IMF if you can go to Chavez?

Cam said...

Will be interesting to see what kind of conditionality is attached to IMF loan programs this time around - there ain't no free lunch after all....