PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

602563

Primary Business Area

Other

Disclosure Date

Jun 28, 2020

Country

World Region

Region

Global

IFC Approval Date

Jul 3, 2019

Status

Active

Estimated Total Budget

$9,231,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jul 30, 2020

Project Estimated Start Date

Aug 1, 2016

Project Estimated End Date

Jun 30, 2024

Project Description

The program focuses on building capacity by training rising stars from the regulatory bodies (MoFs, Central Banks, and CM Authorities) and the Stock Exchanges of developing institutions through an intense 9-month training split between academic training at the university and internship in a financial institution. The program is offered both in English and in French with offerings in the US and France. The program, at both the US and France offerings, consists of two contiguous parts. - 4 and half months - classroom sessions taught by experienced University Professors at the George Washington University or Paris Dauphine campuses to learn about the fundamentals of capital markets. In addition to academic lectures, experienced practitioners from reputable financial institutions are invited to share their markets experience through the program’s lecture series. - 4 months - internship component at financial institutions in the US or Europe to gain hands-on experience working with private sector institutions to understand the importance of financial infrastructure to support the development of nascent capital markets. These include Standard Chartered Bank, Millennium Management, UBS Financial Services; as well as in international organizations such as IFC and IBRD. In addition, participants of the program can continue to share their knowledge and experience thanks to a Community of Practice and through the bi-annual Alumni Events organized in a developing country.

Development Results

E&S Risks / Impacts and Mitigation