WASHINGTON, August 20, 2019 – The IFC- Milken
Institute Capital Markets Program this week welcomed its fourth intake
of mid-career professionals from central banks, ministries of finance and
regulatory agencies in 18 emerging economies across Asia, Africa and the
The Class of 2020 includes 23 policymakers
from eleven new countries, with half of the scholars being women.
A rigorous eight-month program has been designed
by IFC, the Milken Institute and The George Washington University to help
scholars develop their skills and knowledge to further strengthen their
local capital markets.
“Deep, vibrant capital markets are essential
for a thriving private sector that creates jobs, innovation, and sustainable
economic growth,” said John Gandolfo, IFC Vice President and Treasurer.
“The IFC-Milken Institute Capital Markets
program is one of the most noticeable upstream capacity building initiatives
undertaken by IFC to train a critical mass of regulators on capital markets
issues. Its growth is a response to strong client demand and will allow
us to enlarge our alumni network of capital markets champions”.
The IFC-Milken Institute Capital
Markets Program addresses this
need for capacity building within key regulatory and policy-making institutions
with a strong focus on sub-Saharan Africa and economies affected by extreme
poverty, fragility and conflict. In 2020 the Program plans to expand to
two annual intakes of scholars.
About the IFC-Milken Institute Capital
The IFC-Milken Institute Capital Markets Program
is aligned with the World Bank Group Joint Capital Markets (JCAP) initiatives.
The scholars receive four months of graduate-level instruction at the George
Washington School of Business (GWSB), supplemented by a speaker series
with market practitioners, and applied workshops at the IFC and at the
U.S. Securities and Exchange Commission. They are then placed for an internship
with leading companies in the U.S. financial sector from hedge funds and
asset managers to private equity firms and financial infrastructure providers.
Program graduates earn a certificate from GWSB and join a global network
of alumni and capital market leaders across more than 40 countries in Africa,
Asia and the Caribbean. This growing alumni network provides the opportunity
for networking, knowledge sharing and continuous learning through a partnership
with the CFA Institute.
Applications for the next class, which will
begin in January 2020, are currently being accepted. The deadline to apply
is September 15, 2019.
More details are available online at www.ifcmilkencmp.org
IFC—a sister organization of the World Bank and member of the World Bank
Group—is the largest global development institution focused on the private
sector in emerging markets. We work with more than 2,000 businesses worldwide,
using our capital, expertise, and influence to create markets and opportunities
in the toughest areas of
the world. In fiscal year 2019, we delivered more than $19 billion in long-term
financing for developing countries, leveraging the power of the private
sector to end extreme poverty and boost shared prosperity. For more information,
About the Milken Institute
For the past three decades, the Milken Institute has served as a catalyst
for practical, scalable solutions to global challenges by connecting human,
financial, and educational resources to those who need them. Guided by
a conviction that the best ideas, under-resourced, cannot succeed, we conduct
research and analysis and convene top experts, innovators, and influencers
from different backgrounds and competing viewpoints. We leverage this expertise
and insight to construct programs and policy initiatives. These activities
are designed to help people build meaningful lives, in which they can experience
health and well-being, pursue effective education and gainful employment,
and access the resources required to create ever-expanding opportunities
for themselves and their broader communities. For more information, visit
About the George Washington University
School of Business
GW’s School of Business is an international leader in education and research,
which prides itself on training future leaders to be global problem solvers
and socially responsible managers. The school leverages its prime location—in
the heart of Washington—by attracting visiting scholars and leaders in
the business community to work, teach and engage with students. For more
information, visit www.business.gwu.edu.