WASHINGTON, D.C. — The International Monetary Fund has signed an establishment agreement with Spain’s government and is working with the Valencian Community to launch a technology center supporting the institution’s global IT operations.
The facility, named the IMF Technology Center in Spain – Valencia, will provide services in information technology, digital infrastructure, cybersecurity, artificial intelligence and digital innovation, according to the IMF announcement.
The center is intended to strengthen the institution’s technological capabilities and support its work across its global membership. International Monetary Fund
Why the IMF selected Valencia
The IMF said it chose Valencia after an extensive evaluation that considered the city’s technology ecosystem, skilled workforce, strategic location and established international presence.
The institution credited the Government of Spain and the Valencian Community with helping advance the initiative.
Operations will expand in phases
The center will be implemented gradually, with staffing and operational capabilities expanding over time.
The announcement did not specify an opening date, an exact location within Valencia, an initial staffing target or the project’s cost. Further details about the phased rollout were not included in the statement.
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