2021 Japan-IMF Scholarship Program for Japanese Citizens

The Japan-IMF Scholarship Program for Advanced Studies fund Japanese nationals to pursue a PhD in Macroeconomics, Finance, Public Finance, Monetary Economics, International Economics, International Trade, Poverty Issues, Political Economy, or Econometrics at a university outside of Japan. With financial support from the Japanese government, IIE in partnership with the IMF administers the Japan-IMF Scholarship Program for Advanced Studies. The aim of the program is to train Japanese nationals in applied economists to work either at the IMF or in their home administrations. Students in the program are expected to study macroeconomics, finance, public finance, monetary economics, international economics, international trade, poverty Issues, political economy, econometrics, or a related subject at the PhD level in a leading university outside of Japan. Annually, up to seven scholarships are awarded to students with a record of high academic achievement.

The deadline: Applications for the 2021-2023 JISP award is November 30, 2020.


  • A Japanese citizen.
  • Able to obtain a Ph.D.by age 34.
  • Studying at, or applying to, a Ph.D. program in macroeconomics at a university outside of Japan. Only universities with a strong doctoral program in macroeconomics are eligible.
  • Entering the 1st, 2nd, or 3rd year of the Ph.D. program.
  • The application
  • A personal statement focusing on the applicant’s background, career goals, and interest in working as an IMF economist.
  • A complete university transcript for the applicant’s prior studies and, if already a graduate student, a current university transcript.
  • GRE and TOEFL or IELTS scores.
  • A copy of one application to a Ph.D. program; and
  • Two reference letters.


  • Full university tuition and fees.
  • Medical insurance.
  • Monthly living allowance.
  • Selected travel expenses; and
  • Paid summer internship.

To cover the remaining years of study, JISP scholars are expected to secure another source of funding, usually through Research or Teaching Assistantship at their university.

Applications must be submitted online

For further information, visit IMF website


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