Working all over the world – but where exactly?
Around 80 to 90 Finance Ministry staff work in other countries around the world. About half of them work with the Federal Foreign Office or the German offices at the International Monetary Fund (IMF), the European Bank for Reconstruction and Development (EBRD) and the World Bank. There are also opportunities for direct fixed-term appointments to European and international organisations, where our staff work in policy areas that are related to the Finance Ministry’s remit. Finance Ministry staff who serve as Financial Counsellors abroad are seconded to the Federal Foreign Office for a period of three years. It is also possible to participate in work exchanges with finance ministries in other countries.
Broad range of tasks
Financial Counsellors abroad perform wide-ranging and varied tasks. They fulfil an important role as points of contact between our European and international partners and the specialist divisions at the Finance Ministry. Their tasks include monitoring and assessing current developments in economic, monetary and tax policy in the country or institution where they work. They also focus on issues of financial market policy – particularly in areas involving money laundering and terrorism financing. They represent the Finance Ministry’s interests and positions on key financial and economic issues in the host country, the EU and international organisations. Under the auspices of the Federal Foreign Office, they draw up reports and represent German interests vis-à-vis our partners in other countries. Finally, they forge and intensify international contacts while also cultivating in-depth knowledge of various cultures.
Finance Ministry staff who work in the German executive director’s offices at the IMF, EBRD or World Bank represent Germany’s interests as a shareholder in the respective organisation.
Our colleagues are seconded for periods ranging from a few months to several years. They can usually be accompanied by their families, especially in the case of multi-year posts. Regardless of the duration, working abroad always brings additional benefits, allowing officials to broaden their expertise, gain experience and boost their intercultural competence. This in turn enriches their work at the Finance Ministry when they return.