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FIP Funded Scholarship in the United States

FIP Funded Scholarship in the United States

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The International Monetary Fund (IMF) is an international financial institution, headquartered in Washington, DC, consisting of 190 countries. It claims to “promote global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty worldwide.”

Founded in 1944, commenced on December 27, 1945, at the Bretton Woods Conference primarily through the ideas of Harry Dexter White and John Maynard Keynes, it formally emerged in 1945 with 29 member states and the goal of rebuilding the international monetary system. It is now playing a central role in managing balance of payments difficulties and international financial crises.

Countries contribute money to a pool through a quota system through which countries with balance of payments problems can borrow money. As of 2016, the fund had 477 billion XDR (approximately $667 billion).

Through the Fund and other activities such as collecting statistics and analysis, monitoring the economies of its members, and the demand for certain policies, the IMF works to improve the economies of its member countries. The objectives of the organization stipulated in the articles of the agreement are: promoting international monetary cooperation, international trade, high employment, exchange rate stability, sustainable economic growth, and making resources available to member states experiencing financial difficulties.

The IMF’s money comes from two main sources: quotas and loans. Quotas, which are pooled funds of member states, generate most of the IMF’s money. The size of a member’s share depends on its economic and financial importance in the world. Countries of greater economic importance have larger shares. Quotas are periodically increased as a way to bolster the IMF’s resources in the form of Special Drawing Rights.

FIP Funded Scholarship in the United States

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Nationalities eligible to apply:

This Scholarships are available for international students from all over the world.

FIP Funded Scholarship in the United States:

FIP operates on a global basis with approximately 50 students from all over the world who join each year at the International Monetary Fund’s headquarters in Washington, DC. These paid internships take place between June and October and last for 10 to 12 weeks.

check: Woods Hole Summer Program Internship in the USA

Eligibility Criteria and Qualifications:

To be eligible for FIP Funded Scholarship in the United States:

  • Focus your studies on monetary and international economics, public finance, financial markets, economics, or a related field.
  • You must possess strong analytical and quantitative skills.
  • Excellent proficiency in written and oral English.
  • If you are currently completing a Ph.D., you must be:
  1. Registered as an active student (i.e. return to university study after completion of training)
  2. Under 32 years old at the start of training
  • If you are currently completing a master’s degree, you must be:
  1. Registered as an active student at the time of application (not yet graduated)
  2. Under 28 years old at the beginning of training
  • If you are applying for the legal department training, you must be:
  1. Within one to two years of completing an LLM, JD or equivalent advanced law degree
  2. Under 32 at the start of training

check: IMSISS Funded Scholarship to study in UK Czech Ireland and Italy

Benefits of FIP Funded Scholarship in the United States:

• Competitive salary.
• Round-trip economy class airfare from their university to Washington, DC.
• Limited medical insurance coverage.

Available Programs in FIP Funded Scholarship in the United States:

  • Economy
  • Business Management
  • Rights
  • Political Science
  • Related fields

check: List of fully funded Scholarships with deadline in January 2022

FIP Funded Scholarship in the United States

Documents Requirements:

Important dates and deadline:

The deadline to apply on FIP Funded Scholarship in the United States varies, please check the official website for the opportunity.

Official Announcement of FIP Funded Scholarship in the United States

Apply now on FIP Funded Scholarship in the United States

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