In 1987, the World Bank, with funding from the Government of Japan, established the World Bank Graduate Scholarship Program (WBGSP) for graduate studies in subjects related to economic development. Each year, the Program awards scholarships to individuals from World Bank member countries to undertake graduate studies at renowned universities throughout member countries of the Bank.
Now in its 23d year, the Regular Program has awarded 3,153 scholarships, selected from 58,944 applicants. In addition, 1,226 scholarships have been awarded in the various JJ/WBGSP Partnership Programs for a total of 4,379 awards.
Since the inception of the Program, the Government of Japan has provided over 204,7 million dollars to the Scholarship Program. The Program's objective is to help create an international community of highly trained professionals working in the field of economic and social development. The World Bank and the Government of Japan require the scholars to return to their home countries on completion of their study Programs and apply their enhanced knowledge and skills to contribute to the development process in their respective regions and communities.
Starting in 1992, a number of Partnership Programs have been launched, largely to respond to the need for graduate study Programs which combine academic rigor with specialized training in the practical aspects of policy-making. The objective of these Programs is to prepare the participants for effective policy-making roles in their home countries and regions.
The World Bank administers the Program through the World Bank Institute (WBI). Policy guidance for the Program is provided by a Steering Committee comprised of three Executive Directors and five senior managers of the Bank. A Secretariat for day-to-day administration is maintained within WBI.
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