Scholarship Overview

• The RSMFP was established in 1982 by a resolution of the Executive Directors to award fellowships to young researchers to study in the fields related to economic development
• Funding for the program was initially provided by the Governments of Bangladesh, China, India, Kuwait, Nigeria, Pakistan, Peru and former Yugoslavia
• This Fellowship program matches aspiring development economics researchers from developing countries with World Bank research economists, creating unique opportunities for the fellows to participate in rigorous policy-relevant research in the World Bank’s Development Economics Vice Presidency (DEC)

Applicable course, university and country

This scholarship is applicable for Masters Degree, PhD

This scholarship is applicable for all universities in India, USA, Australia, Singapore, New Zealand +170 more

• Master’s level studies or currently pursuing a PhD in Economics or a related field

Scholarship amount details

Max scholarship per student: USD 44,888 => Rs 37,45,006

Conversion rate used: 1 USD = Rs. 84.27 (last updated 25th November 2024)

Scholarship amount will be given: Monthly

Scholarship amount can be used for

Type of Expense	Indicates if scholarship can be used for this type of expense
Tuition & Fees	✔Scholarship amount can be used for this
Living Expense	×Not covered in scholarship
Accommodation	×Not covered in scholarship
Air Fare/Travel Expenses	×Not covered in scholarship
Spouse/Child Care	×Not covered in scholarship
Health Cover	×Not covered in scholarship
Application	×Not covered in scholarship
Others	×Not covered in scholarship

• The RSMFP offers a competitive compensation, totaling $44,888 net of income taxes per fellow for an 8-month fellowship (paid in monthly installments)
• The fellowship does not cover travel expenses

Student Awards

Number of students to be awarded: Varies

Scholarship Eligibility

No specific eligibility requirement mentioned on the Scholarship site, student profile will be evaluated on a case by case basis.

Special Restrictions

• No Special Restriction applicable

Eligibility

• To be considered for the RSMFP, applicants must be:
  • Nationals of World Bank WBG member countries, with preference to nationals of developing countries
  • Fluent in English
  • Graduates of master’s level studies or currently pursuing a PhD in Economics or a related field
  • Available to relocate to Washington, D.C. for the duration of the fellowship

Application Process for this scholarship

Application Documents

Type of documents	Indicates if this type of document is required to be submitted
SOP	Required
LOR	Required
CV	Required

• Applicants must submit:

  • An updated CV
  • A statement of purpose describing their research interests, professional objectives, and discussing their qualifications as development researchers
  • Contact details for a reference who can provide a letter of recommendation (letters will only be requested for shortlisted candidates)
  • A writing sample (optional)
  • A code sample (optional)
• Fellowships will be awarded based on application materials, knowledge of relevant economic methods, and demonstrated skills in required statistical software. Cohort formation will seek to achieve geographical and gender representation

Scholarship Application

This scholarship needs a separate external application.

Important Dates

	Date	Additional Details
Application final end date	Not Available	Deadline has passed

Please note that these dates could be in local country times and may not be IST (Indian standard time).

Contact email

rsm_fellowships@worldbank.org