15 June, 2024

Japan-IMF Scholarship Program For Asia (JISPA) 2023-24 (Fully Funded)

The application is invited to apply for Japan-IMF Scholarship Program For Asia (JISPA) 2023-24. This is a fully funded scholarship program for an international student to undertake a master’s and doctoral degree. The Japan-IMF Scholarship Program for Asia (JISPA) supports graduate studies in macroeconomics or related fields at leading universities in Japan. 

It provides educational opportunities to promising junior officials from central banks, ministries of finance, and other economic agencies in the Asia-Pacific region, aiming to build their capacity in economic policymaking to support sustainable growth and development in their own countries and the region.

The program was first introduced in 1993, and is funded by the Government of Japan and administered by the Regional Office for Asia and the Pacific (OAP) of the International Monetary Fund (IMF).

More than 840 officials have graduated since its inception, and many alumni play a key role in policymaking in their countries.

Japan-IMF Scholarship Program For Asia (JISPA)

  • Coverage: Fully Funded
  • Japan Universities: the University of Tokyo, International University of Japan, Hitotsubashi University, National Graduate Institute for Policy Studies
  • Degree: Masters, PhD
  • Country: Japan
  • Deadline: 06/01/2023

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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 countries.

The assessment also includes qualities such as the candidate’s commitment to public service, willingness to learn, and openness to new ideas. For the final selection, regional balance and gender balance are also taken into consideration.


To be eligible for the scholarship, an applicant must meet the following criteria:

A national of one of the following countries: Bangladesh, Bhutan, Cambodia, India, Indonesia, Kazakhstan, Kyrgyz Republic, Lao P.D.R., Malaysia, Maldives, Mongolia, Nepal, Pacific Island Countries, Papua New Guinea, Philippines, Sri Lanka, Tajikistan, Thailand, Timor-Leste, Turkmenistan, Uzbekistan, and Vietnam

Working for a key economic agency such as the central bank, ministry of economy, ministry of finance, or financial regulatory agency. A Bachelor’s degree and Fluent in English.

In addition, for the open track, applicants are expected to be studying at, have been admitted into, or be applying to a graduate program in economics in Japan.

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The scholarship covers tuition-related costs and most living expenses for the scholar herself/himself. Benefits include:

  1. Full university admission and tuition fees
  2. Research-related allowance and monthly living allowance
  3. Medical insurance
  4. Round-trip airfare and travel allowance
  5. Orientation Program tuition fees (partnership track only)
  6. Annual field trip fees (partnership track only)
  7. Computer/software allowance (master’s program only)
  8. Research-related fees, including field research and conference attendance fees (open-track Ph.D. program only)

No expenses incurred by accompanying family members of the scholar are covered. No other scholarship can be accepted by JISPA scholars.

The program offers a partnership track with tailored master’s programs in several partner universities, and an open track with graduate programs, including Ph.D. degrees, in any university in Japan.

About 30 new scholarships are awarded every year for the partnership track, and only a small number of scholars are selected for the open track.

Also Check: Commonwealth Shared Scholarship In UK 2023-24 (Fully Funded)

Activities for JISPA Scholars

New incoming scholars are invited to a two-and-a-half-month orientation program before the official commencement of their academic programs.

Throughout the duration of the scholarship, JISPA scholars are offered opportunities to attend various exclusive events and activities, including a series of policy dialogues with Japanese policymakers and IMF economists, a summer workshop, welcome, and farewell receptions, and a thesis presentation.

An annual field trip is arranged for the scholars by the partner universities. In addition, the IMF occasionally extends an invitation to JISPA scholars to participate in public seminars and high-level regional conferences. 

How To Apply

For more information please check the official source.

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