Since 1964, the Fiscal Affairs Department (FAD) of the International Monetary Fund has been a leading source of fiscal policy and management expertise worldwide. FAD monitors and analyzes global and regional fiscal trends; advises IMF member countries on fiscal issues directly or in close cooperation with the IMF area departments; and contributes to the design and implementation of IMF-supported programs. FAD’s analysis and research are at the forefront of fiscal policy debates. Its recent work has contributed to the discussion on fiscal policy options to address fiscal challenges in the aftermath of the global financial crisis. Each year, FAD staff and experts provide advisory services to about 130 IMF member countries covering advanced, emerging, and low-income economies.
FAD supports the IMF’s interactions with member countries by assigning some 50 fiscal economists to IMF surveillance and program teams. More countries are covered through ad hoc participation in area department missions. In addition to analyzing broad fiscal developments, these economists conduct in-depth analysis of macrofiscal and structural fiscal issues in the countries to which they are assigned. In carrying out their tasks, FAD economists draw on the extensive fiscal expertise of FAD as a whole. Their analysis forms part of the IMF staff’s reporting on the member countries concerned.
FAD provides technical assistance (TA) to member countries to enhance both their fiscal performance and strengthen their fiscal institutions. The bulk of FAD TA is provided in four areas:
■ Public financial management: legal and regulatory framework, budget management, medium-term expenditure framework, cash management, accounting, reporting, and debt management.
■ Tax policy: general tax policy reviews and specific tax policy advice, particularly in the areas of income tax, value-added tax, and taxation of natural resources, including oil and gas.
■ Revenue administration: tax and customs administration, social security contribution collection, and implementation of major tax policy changes.
■ Expenditure policy: short-term expenditure rationalization, social security reform and administration, and incorporation of cost-effective social safety nets into IMF-supported programs.
In addition, assistance is provided in macrofiscal management, public-private partnerships, fiscal risks, fiscal rules, fiscal transparency, and fiscal decentralization.
The Fiscal Affairs Department (FAD) seeks talented and dedicated professionals, with a background in different areas of public finance, to work on macrofiscal policy issues and to provide technical assistance advice to IMF member countries on public financial management, tax policy reform, revenue administration, and different expenditure policy issues. Vacancies in FAD for staff and long-term expert positions are posted on imf.org
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