The World Bank Scholarship programme began in 1982. Students are able to undertake graduate studies in subjects related to economic development. 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 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 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 center[1].