With financial support from the Japanese government, IIE in partnership with the IMF Institute administers the Japan-IMF Scholarship Program for Advanced Studies. The goal of the program is to train Japanese nationals as applied economists to work either at the IMF or in their home administrations. Students in the program are expected to study macroeconomics or a related subject through the Ph.D. level at a leading university outside of Japan. Annually, up to seven scholarships are awarded on a competitive basis to students with a record of high academic achievement.
The Japan-IMF Scholarship Program covers all reasonable expenses for two years of graduate study including full university tuition, medical insurance, selected travel expenses, annual book allowance and a monthly stipend. The scholarship also includes a 10-13 week paid summer internship at the IMF after the third or fourth year of graduate study.