(See South Asia.)


World Bank scholarships and fellowship programs contribute to the Bank's mission of forging new dynamic approaches to capacity development and knowledge sharing in the developing world. They are also an important component of the Bank Group's efforts to promote economic development and shared prosperity through investing in education and developing human resources globally.

• Joint Japan-World Bank Graduate Scholarship Program. The Joint Japan-World Bank Graduate Scholarship Program is 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 universities throughout member countries of the Bank. Scholars are required 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.

• Japan Indonesia Presidential Scholarship Program. Funded by a grant from the government of Japan, the Japan Indonesia Presidential Scholarship Program supports PhD studies in an academic field of study covered by 10 Indonesian Centers of Excellence participating in the program. Each of the newly established Centers of Excellence is located at a leading higher education institution in the country with a demonstrated track record in the pursuit of excellence. The goal of the program is to promote excellence in research in these centers to support the Ministry of National Education in its mission to improve the quality of higher education and research in the country.

Small and Medium Enterprises

Small and medium enterprises (SMEs) are an essential focus of IFC's work. As engines of job creation and growth in emerging markets, they are central to the larger equation of development. Supporting them is one of the most significant ways in which IFC promotes economic growth where it is most needed.

IFC provides investment and advisory services to help these businesses through their entire life cycle— from inception to growth and maturity. It assists in introducing more business-friendly regulatory, tax, and trade policies; building management skills; and supporting access to finance and markets. This integrated approach brings innovative solutions to some of the SME world's most difficult problems, fitting within IFC's larger efforts to promote sustainable and inclusive private sector development in the poorest countries. Since 2009, IFC has worked closely with the G-20 in scaling up successful models of SME finance, part of a larger agenda of improving access to financial services for the poor.

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