World Bank, or International Bank for Reconstruction and Development (IBRD), was established in 1944 by western powers at a United Nations conference in Bretton Woods, New Hampshire. The bank’s original purpose was to help rebuild Europe and Japan after World War II. The World Bank’s mission is to reduce global poverty and build shared prosperity by providing loans, guarantees, and advisory services to developing countries. The bank also works with the public and private sectors to coordinate responses to global challenges.
The World Bank became a formal organization on December 27, 1946, after the Bretton Woods agreements were ratified internationally. It began operations on June 25, 1946, and approved its first loan on May 9, 1947, to France for postwar reconstruction. The loan was worth $250 million, which is the largest loan the bank has ever issued in real terms.
The World Bank is run like a cooperative, with its members serving as shareholders. The bank’s work is constantly evolving to respond to economic challenges, and it has expanded its reach to almost every developing country in the world. The World Bank also has an institute that offers training to government officials through local research and teaching institutions.
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Meet Eligibility Criteria: The applicant must meet the following eligibility criteria:
- Be a national of an eligible World Bank member country listed in Annex 1 of these Guidelines.
- Not be a dual citizen of any developed country.
- On or after the date of the call for scholarship applications opens, not be an Executive
Director, his/her alternate, and/or staff of any type of appointment (including
temporary and consultant) of the World Bank Group (International Bank for
Reconstruction and Development, International Development Association,
International Finance Corporation, Multilateral Investment Guarantee Agency, and
International Center for Settlements of Investment Disputes); or not be a close relative
of the aforementioned by blood or adoption with the term “close relative” defined as:
Mother, Father, Sister, Half-sister, Brother, Half-brother, Son, Daughter, Aunt, Uncle,
Niece, or Nephew. - Hold a bachelor’s degree (or equivalent university degree) earned at least three years
before the date of the Application Deadline.
One completed application form (which includes an applicant’s agreement to conditions stated on the signature page of the application form) that is written in either in English or the language of their master’s degree program. (For example, a completed application form written in French by an applicant who is seeking a scholarship to attend a university in the USA or the United Kingdom will not be
reviewed).
Among other information, completing the Application Form includes uploading
scanned copies of:
(i) documentation that proves the applicant meets the eligibility requirement with regard to the number of years of recent development-related work.
(See FAQs for details regarding the extent and type of documentation
required to be uploaded)
(ii) the applicant’s bachelor’s degree diploma, and if applicable, also the diploma of the applicant’s most advanced graduate degree. (Do not include a transcript or upload a transcript as a substitute for a diploma).
(iii)C.V. using the format provided in Annex 4 and written in English (or French for the GPE program at FERDI only). If the work was not paid, do not include it in your CV. Instead, you can create a category “Volunteer Work” in your CV and list under that heading unpaid internships or other
unpaid work.
Subject to available funding, JJ/WBGSP offers scholarships for 43 Participating Master’s Programs in 24 universities in the U.S., Europe, Africa, Oceania and Japan in key areas of development, including economic policy management, tax policy, and infrastructure management.
Please note that if you are not admitted to one of these 43 Participating Master’s Programs, you are not eligible to apply for a JJ/WBGSP Scholarship in 2025.
To accommodate the academic calendar of JJ/WBGSP Participating Programs, the application process is organized in two rounds:
- Application Window#1
Window 1 will open from mid-January to late February 2025 — Exact dates will be published in the fall 2024 - Application Window #2
Window 2 will open from late March to late May 2025 — Exact dates will be published in the fall 2024
