English
Français
Español
Português

International Monetary Fund

video placeholder
About IMF

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.

Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near-global membership. IMF employs about 3000 people in its headquarters, overseas offices and training facilities.
 

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:

  • Facilities
  • Security
  • Hospitality & Catering
  • Transportation
  • Secretaries
  • Interpretation
  • Multimedia
  • Information Technology, and
  • Overseas Offices

 

Nature of Outsourced categories

Outsourced Categories Headlines
Facilities
  • 3 million sq. feet of property
  • Leed certified facilities in Washington DC (Gold)
Security
  • 3,500 staff protected - both nationally and internationally
  • Critical international evacuations
Hospitality, Catering
  • 3,300 transactions every day
  • 5,400 catering events per year
Transportation
  • 46,000 travel bookings each year
  • 95,000 hotel nights booked
Secretaries
  • 10,000 attendees
  • 16,000 vendor hours, 3,300 staff hours per spring - annual meeting
Interpretation
  • 25 million words translated each year
  • 40 languages interpreted
Multimedia
  • 3,000 photography activities
  • 480 featured videos
  • 1,150 live broadcasts
Information technology
  • 10,000 mobile devices, 2,600 work stations
  • 5M plus electronic documents
  • 280 information data services
Overseas Offices
  • 116 overseas offices / training facilities / RTACS
  • 160 international shipments
  • 5,000 diplomatic pouches sent

 

Outsourced categories by spending

Outsourced categories FY2014 Total Annualized Spend ($millions)
IT Services 80
Transportation 60
Facilities 48
Hardware & Software 32
HR Services 15
Security Services 12
Information Services 11
Multimedia 7
Telecom 7
Print Services 7
Insurance 2
Misc. Goods & Services 39
Total Annualized Spend $320K