Government of Japan funded Japan-IMF Scholarships Program for Asian Students to Pursue Master’s or PhD Programme in the field of Economics in Japan 2013-2014
About Scholarship: The Japan-IMF Scholarship Program for Asia (JISPA) was first introduced in 1993. It is funded by the Government of Japan, administered by the International Monetary Fund (IMF), and conducted at various graduate schools in Japan. Its objective is to contribute to institutional capacity building in economic policymaking to promote the sustainable growth of emerging and developing economies in Asia and the Pacific.
By training future macroeconomic managers in these countries, the JISPA aims to enable them to better formulate sound economic and financial stability policies needed for sustainable growth and development. The program comprises two tracks: the partnership track and the open track.
The partnership track of the JISPA allows scholars to study a specially designed graduate level course concentrating on macroeconomics at an IMF partnership university. The open track of the JISPA provides support to scholars who wish to study graduate-level macroeconomics or a related field at either the master’s or Ph D level at any leading university in Japan.
However, priority is given to Ph D candidates It is geared towards highly motivated officials who are able to identify a course of study in Japan suitable to their professional pursuits in the public sector and supportive of their future work as an economic policy maker.
Study: The universities offer subjects that cover essential elements that will allow scholars to enter the macroeconomic policy dialogue at an international level. All of the universities have a strong macroeconomic oriented focus on:
(1) Macroeconomic policy formulation;
(2) Central banking and monetary policy;
(3) Financial markets and institutions.
For Partnership Track: JISPA allows scholars to study a specially designed graduate level course concentrating on macroeconomics at an IMF partnership university.
For Open Track: JISPA provides support to scholars who wish to study graduate-level macroeconomics or a related field at either the master’s or Ph D level at any leading university in Japan.
Scholarship By: Government of Japan
Number of awards: In 2013-14, a total of 35 new scholarships are available to candidates for the partnership track. There is no fixed limit on new scholarships for the open track, but generally only a small number of scholarships are awarded.
Duration: For Partnership Track: The scholarship covers one year. For the two-year master’s programs, the scholarship can be renewed for the second year based on academic performance and the university’s recommendation, together with nomination by a scholar’s sponsoring agency.
For Open Track: The scholarship covers one year. The IMF makes a decision on a renewal for the subsequent year based on the scholar’s academic performance and progress, the university’s recommendation, and the sponsoring agency’s consent. The scholarship award period is for up to two years for a master’s program and three years for doctoral programs, depending on the requirement of the university.
Value: For Partnership Track: Scholarships provide for admission and tuition fees; a monthly stipend (including a housing and subsistence allowance); medical/accident insurance; one roundtrip economy class air-ticket; and a lump-sum allowance to cover visa application costs and testing fees (such as TOEFL); and book-shipping costs The scholarship covers expenses incurred by the scholar only.
For Open Track: The scholarship covers all reasonable expenses a scholar is expected to incur, including: one return airfare (subject to conditions); admissions and tuition fees; stipend (including a housing and subsistence allowance); medical and accident insurance fees. For scholars enrolled in doctoral programs, research related fees will be additionally covered. The scholarship covers expenses incurred by the scholar only.
-Under current program guidelines, candidates must be a national of one of the following countries: Bangladesh, Bhutan, Cambodia, China, India, Indonesia, Kazakhstan, Kyrgyz Republic, Lao P D R , Malaysia, Maldives, Mongolia, Myanmar, Nepal, Pacific Island Countries, Papua New Guinea, Philippines, Sri Lanka, Tajikistan, Thailand, Timor-Leste, Turkmenistan, Uzbekistan, and Vietnam.
-Candidates should also currently work for employment from one of the following or related government agencies: central bank, ministry of economy, ministry of finance, ministry of planning/development, ministry of trade/commerce, tax administration, national statistics bureau, or financial regulatory agencies.
-Candidates must have a Bachelor’s degree or an equivalent with at least 16 years of formal education
-Applicants must have an English language proficiency, which needs to be demonstrated as equivalent to or more than an official TOEFL score of 550, CBT213, or iBT79-80. If TOEFL scores are not available, then an overall IELTS score of at least 6 0 can be substituted.
Selection Criteria: Scholarship awards are made on the basis of the candidate’s academic record and work background, mathematical and statistics skills, English language proficiency, and potential for contributing to the macroeconomic and financial management and economic development of their country. The assessment also includes qualities such as the candidate’s commitment to public service, willingness to learn, and openness to new ideas.
Scholarship Open for: Currently, the JISPA is open to qualified candidates from the following countries: Bangladesh, Bhutan, Cambodia, China, India, Indonesia, Kazakhstan, Kyrgyz Republic, Lao P.D.R., Malaysia, Maldives, Mongolia, Myanmar, Nepal, Pacific Island Countries, Papua New Guinea, Philippines, Sri Lanka, Tajikistan, Thailand, Timor-Leste, Turkmenistan, Uzbekistan, and Vietnam.
Notification: April 12, 2013
Apply: Online and by post
For Partnership Track: The application deadline for the partnership track is December 10, 2012.
For Open Track: There is no application deadline and applications are accepted and reviewed year-round.
Further Information: http://www.imf.org/external/oap/pdf/JISPA2013_web.pdf