World Bank scholarship
Encyclopedia
The World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...

 Scholarship
Scholarship
A scholarship is an award of financial aid for a student to further education. Scholarships are awarded on various criteria usually reflecting the values and purposes of the donor or founder of the award.-Types:...

programme began in 1982. Students are able to undertake graduate studies in subjects related to economic development
Economic development
Economic development generally refers to the sustained, concerted actions of policymakers and communities that promote the standard of living and economic health of a specific area...

. There are two kinds of scholarship currently available on a very competitive basis:

1. The Joint Japan/World Bank Graduate Scholarship Program (JJ/WBGSP) is run with funding from the Japanese government
Government of Japan
The government of Japan is a constitutional monarchy where the power of the Emperor is very limited. As a ceremonial figurehead, he is defined by the 1947 constitution as "the symbol of the state and of the unity of the people". Power is held chiefly by the Prime Minister of Japan and other elected...

 and the World Bank; scholarships are awarded to individuals from World Bank member countries to study at renowned universities in other member countries.

2. The Robert S. McNamara
Robert McNamara
Robert Strange McNamara was an American business executive and the eighth Secretary of Defense, serving under Presidents John F. Kennedy and Lyndon B. Johnson from 1961 to 1968, during which time he played a large role in escalating the United States involvement in the Vietnam War...

 Fellowships Program provides support to young researchers working in academic and research institutions from eligible countries preparing a doctoral dissertation. Research grants cover residence costs for a 5 to 10 month period in a renowned university or research centerhttp://go.worldbank.org/LZYMB47270.
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