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The World Bank Group is a group of five global organizations responsible for financing countries for development and spending, as well as for encouraging and protecting global investment.
It was established with the International Monetary Fund in accordance with the decisions of the Bretton Woods Conference, and together they are referred to as the Bretton Woods Institutions. It started its business on January 27, 1946. Its current president is David Malpass.
The World Bank is also an institution that provides loans and grants to governments of low- and middle-income countries for the purpose of pursuing capital projects. It is made up of two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group. The final goal set by the World Bank is poverty reduction.
The President of the Bank is the head of the entire World Bank Group. The president is responsible for chairing the meetings of the boards of directors and the general management of the bank. Traditionally, the head of the bank has always been a US citizen nominated by the United States, the largest shareholder in the bank (the managing director of the IMF has always been a European).
The Boards of Directors consist of the President of the World Bank Group and 25 Executive Directors. The president is the president, and usually does not have the right to vote except to separate a tie. The Executive Directors as individuals shall not exercise any power, obligation or representation of the Bank unless specifically authorized by the Boards of Directors to do so. With the beginning of the period from November 1, 2010, the number of CEOs increased by one to 25.
Nationalities eligible to apply:
This Scholarship is available for international students from all over the world.
World Bank Funded Summer Internship Program in the United States:
The Bank Internship Program (BIP) provides highly motivated individuals with an opportunity to learn about the mission and work of the World Bank. Training allows individuals to bring new perspectives, innovative ideas and research experience into the Bank’s work, while improving skills in a diverse environment. In addition, it is a great way to improve resumes with hands-on experience.
The World Bank values diversity in the workplace, and encourages all qualified individuals, especially women, with diverse professional and academic backgrounds to apply. The goal is to attract and hire the best talent in the world.
Eligibility Criteria and Qualifications:
To be eligible for World Bank Funded Summer Internship Program in the United States:
- Must have an undergraduate degree and be enrolled in a full-time graduate study program (pursuing a master’s degree or PhD with plans to return to school full-time).
- There is no age limit.
- Fluency in English is required. Knowledge of languages such as: French, Spanish, Russian, Arabic, Portuguese, and Chinese is desirable. Other skills such as computing skills are advantageous.
- They encourage all qualified individuals, particularly women, with diverse professional and academic backgrounds to apply.
Benefits of World Bank Funded Summer Internship Program in the United States:
The World Bank pays an hourly stipend to all interns and, where applicable, provides an allowance for travel expenses up to US$3,000 at the discretion of the Director. These travel expenses can only include transportation expenses (air tickets) to and from the city of the duty station.
Interns are responsible for their own accommodations. Depending on business needs, most of the intern positions are located in Washington, D.C. with a few other positions in World Bank country offices. Typically, training opportunities are for a minimum of four weeks.
Available Programs in World Bank Funded Summer Internship Program in the United States:
- Human Resources
- Human development (public health, education, nutrition, and population)
- Social sciences (anthropology, sociology)
- The environment
- Urban planning, natural resource management and private sector development
- other related fields; or corporate support (accounting, communications, human resource management, information technology, treasury, and other corporate services).
- Photo with a white background.
- Academic certificates.
- An English language certificate is not required but you must be proficient in the English language.
- Motivation letter.
Important dates and deadline:
Applications of World Bank Funded Summer Internship Program in the United States close on 31 January 2022.
- Writing and preparing academic topics
- Curriculum Vitae (CV)
- letter of intent
- Research proposals
- Personal Statement
- Recommendation letter
in addition to full application for scholarships and university admissions).
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