The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
About IMF Procurement Division
The IMF procurement team is composed of 15 professionals located in Washington DC within the Strategic sourcing and Services units. Procurement in IMF follows a centralized approach and accounts for approximately $320 Million per year. IMF manages approximately 650 active contracts, of which the purchases over $50 000 have been made via competitive procurement.
The mission of IMF’s Procurement division is to add value to the work and image of the Fund through the execution of the purchase process respecting the principles of fairness, integrity and transparency through competition. To best serve the Fund's business needs, Procurement brings specialized knowledge, best practices, and market competitiveness into the work programs.
Procurement activities range from traditional purchasing to transformational programs in the areas that include:
- Hospitality & Catering
- Information Technology, and
- Overseas Offices
Nature of Outsourced categories
Outsourced categories by spending
|Outsourced categories||FY2014 Total Annualized Spend ($millions)|
|Hardware & Software||32|
|Misc. Goods & Services||39|
|Total Annualized Spend||$320K|