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10 January 2018

The Ger­man Fi­nance Min­istry around the world

The Finance Ministry offers interesting and varied opportunities both in Germany and abroad. Globalisation, the continuing threat to our security from international terrorism, and Germany’s growing responsibilities – not just in Europe but all around the world – have meant that the Finance Ministry’s work has become more international in recent years.

Worldmap with highlights at the cities where the BMF is placed
Source:  iStock/Fotolia

Working for the Finance Ministry abroad

At the moment, around 90 Finance Ministry staff work in other countries all around the world. About half of them work with the Federal Foreign Office, the German offices of the International Monetary Fund (IMF), the European Bank for Reconstruction and Development (EBRD) and the World Bank. Others have direct fixed-term appointments to European and international organisations and work in areas related to the responsibilities of the Finance Ministry (for example, with the EU), or participate in exchanges with finance ministries of other countries.
Most are seconded to the Federal Foreign Office, working in German embassies in Europe (Athens, London, Madrid, Paris, Rome and Moscow) and all over the world (including Washington, Beijing, Tokyo, New Delhi and Brasilia). Others work at the Permanent Representation of the Federal Republic of Germany to the European Union, the United Nations, NATO and the OECD.

Broad range of tasks

Financial Counsellors’ tasks are wide-ranging and varied. They monitor and evaluate current developments in economic, monetary and tax policies of the country or institution to which they have been seconded, and deal with questions of financial market policy – particularly regarding areas involving money laundering and terrorism financing. They represent the interests and position of the German Finance Ministry with regard to important financial and economic issues in the host country, the EU or international organisation. Financial Counsellors fulfil an important role as points of contact between our European and international partners and the specialist divisions at the Finance Ministry. Under the auspices of the Federal Foreign Office, they draw up reports and represent German interests with respect to our partners in other countries. Forging and developing international contacts is just as important as the many opportunities to really get to understand different cultures.
Other exciting opportunities include working at the German offices of the IMF, the EBRD or the World Bank, where Finance Ministry officials represent Germany’s interests at the respective organisation. During their secondment, they are employed by their host institution.
Working abroad also brings additional benefits, allowing officials to broaden their expertise, gain experience and boost their inter-cultural competence, which benefits their work at the Finance Ministry when they return.
Our Financial Counsellors are seconded for periods that can range from a few weeks to several years, and can make the move together with their families, especially when they leave for several years.

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