Macroeconomic Frameworks Resident Advisor

Job Posting Organization:
The International Monetary Fund (IMF) is a global organization established to promote international monetary cooperation, facilitate balanced growth of international trade, and provide resources to member countries in need. The IMF's Institute for Capacity Development (ICD) focuses on enhancing the capacity of member countries to design and implement effective economic policies. The organization operates in numerous countries worldwide, providing technical assistance and training to strengthen economic institutions and policymaking. The IMF has a diverse workforce and is committed to fostering an inclusive environment that values diversity and promotes equal opportunities.

Job Overview:
The Macroeconomic Frameworks Resident Advisor position is a critical role within the Southeast Europe Technical Assistance Center (SEETAC), which is dedicated to supporting economic development in several countries including Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, Serbia, and Moldova. The advisor will play a pivotal role in enhancing the macroeconomic forecasting and analytical capabilities of government institutions in these countries. This involves delivering tailored technical assistance (TA) projects that may include developing Excel-based sectoral relationship frameworks, semi-structural gap models, or DSGE models. The advisor will also engage in capacity development activities through training and peer-to-peer learning, working closely with IMF staff and short-term experts to ensure effective implementation of projects that align with the specific needs of each country.

Duties and Responsibilities:
The primary duties and responsibilities of the Macroeconomic Frameworks Resident Advisor include delivering technical assistance and training on macroeconomic frameworks to support forecasting and policy analysis in central banks and ministries of finance. The advisor will develop medium-term projects and annual workplans in collaboration with country authorities and development partners. Coordination with development partners is essential to promote complementarity and avoid duplication of efforts. The advisor will also contribute to the broader work program of SEETAC, which includes participating in steering committee meetings, periodic reporting, outreach activities, and conferences. The advisor will report to the SEETAC Director on operational matters while working under the technical guidance of IMF staff based at headquarters.

Required Qualifications:
Candidates for the Macroeconomic Frameworks Resident Advisor position must possess a postgraduate degree (Master’s or PhD) in Economics or a related field. Additionally, candidates should have a minimum of fourteen years of relevant professional experience if holding a Master’s degree, or ten years if holding a PhD. Practical knowledge of the IMF’s financial programming framework is essential. Candidates should also demonstrate experience in macroeconomic modeling and forecasting, with proficiency in relevant software such as Matlab, Python, EViews, Dynare, and Iris being advantageous. Strong relationship management, negotiation, and influencing skills are critical, as the role involves developing relationships with national authorities. The ability to coordinate technical assistance and training with various stakeholders is also required.

Educational Background:
The educational background required for this position includes a postgraduate degree in Economics or a closely related field. A Master’s degree is the minimum requirement, while a PhD is preferred. This advanced education should be complemented by extensive knowledge and understanding of macroeconomic principles and practices, particularly in the context of forecasting and policy analysis.

Experience:
The position requires a significant level of experience, specifically at least fourteen years of relevant professional experience in macroeconomic forecasting for candidates with a Master’s degree, or ten years for those with a PhD. This experience should include practical application of macroeconomic modeling and forecasting techniques, as well as familiarity with the IMF’s financial programming framework. Candidates should have a proven track record of delivering technical assistance and training in a macroeconomic context.

Languages:
Fluency in English is mandatory for this position, with excellent oral and written communication skills being essential. While English is the primary language of communication, knowledge of additional languages may be considered an asset, particularly those relevant to the SEETAC beneficiary countries.

Additional Notes:
The selected candidate is expected to take up the position in Rome by May 1, 202

• The initial appointment will be for a period of one year, with the possibility of extension based on performance and ongoing budgetary needs. The IMF offers a competitive compensation and benefits package that reflects the skills and experience of the successful candidate. The organization is committed to providing reasonable accommodations for disabilities during the selection process.