The International Operations (IO) division of UMB assists Schools and Centers to purchase and pay for goods and services outside the United States. When vendors provide these services internationally and require payment to a foreign bank account, and when State of Maryland procurement and payment terms are not viable in foreign contexts, IO may be able to use the MGIC mechanism to conduct business on behalf of UMB. IO’s goals are to support UMB faculty and staff to comply with the policies and regulations governing international finance and procurement, and to facilitate equitable collaboration between UMB and its global partners. 

Need to talk to someone about your international finance and procurement questions? Contact us at Globalhub@umaryland.edu