Name of the Event: Internship at the International Monetary Fund (IMF)
Location: Washington, USA
Date: June - October, 2024
Working language: English
Foundation Internship Program (FIP)
Summer interns gain an inside look at the IMF's member-country mandate and the IMF's critical international work. You will build professional networks by applying your research and analytical skills to help the IMF examine issues of real importance to member countries and to global economic stability.
Whether you see a future in international organizations or are simply interested in policy and operational work, this is an ideal opportunity to gain exposure to both, using your cutting-edge skills and expanding your research experience.
The IMF recruits for FIP on a global basis, with approximately 50 students from around the world joining each year at IMF headquarters in Washington, DC. These paid internships run from June to October and last between 10 and 12 weeks.
You will work closely with an experienced IMF colleague on a current issue or study of importance to our members. (See below for information on internships in the IMF Legal Department). Your work may be presented to IMF staff at the end of your fellowship, and the IMF has published the work of many of our fellows.
What Would I Do
You will work closely with an experienced IMF colleague on a current issue or research question of importance to our members. The results of your work may be presented to IMF staff at the end of your internship, and many of interns have had their work published by the IMF.
Previous FIP research topics have included:
A Bottom-Up Approach to Modeling Inflation Dynamics in LAC
Taking Stock of Digitalization and its implications for Inflation Dynamics and Monetary Policy
A Review of the Experience with Diversification, Poverty Reduction, and Inequality
The Role of Prudential Policies in Attenuating the Credit Cycle
Macro-Financial Performance, PFM, and Corruption Indicators
The Role of Intangible Assets and Innovation Policy in ASEAN
What is Behind High Interest Rate Spreads in Africa?
The IMF's Legal Department also offers internships under this program. In past years, Legal Department projects have included:
Analysis of the Legal Framework for Capital Controls Under the European Economic Area
Research on the Insolvency of Non-Bank Financial Institutions
Research on the Legal Mandate of the IMF In Financial Regulation
Cross-Country Comparisons of Effectiveness in AML/CFT Efforts
Who Should Apply
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
Is this a paid Internship?
Yes, this internship is paid. FIP participants receive:
• A competitive salary
• Round-trip restricted economy class air travel from their university to Washington, D.C.
• Limited medical insurance coverage.