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Robert S. McNamara Fellowships: A Prestigious Opportunity at The World Bank 2025

The Robert S. McNamara Fellowship Program (RSMFP) at The World Bank offers an exceptional opportunity for emerging researchers from developing nations to collaborate with World Bank economists on impactful, policy-driven research. This program enables fellows to engage in high-level research within the Development Economics Vice Presidency (DEC), contributing to studies that shape global economic policies. Fellows will be based at the World Bank headquarters in Washington, D.C., for eight months (September to May), where they will work under the guidance of experts from the Development Impact (DIME) and Development Research Group teams. During this period, they will gain hands-on experience in econometric research, interact with top-tier academic collaborators, and refine their analytical skills.

FELLOWSHIP

2/11/20252 min read

The Robert S. McNamara Fellowship Program (RSMFP) is a distinguished initiative by The World Bank, designed to support exceptional international scholars pursuing research in Banking and Finance. This fellowship offers a unique opportunity for individuals to collaborate with the World Bank’s Development Economics Vice Presidency (DEC), either within the Development Research Department or the Impact Evaluation Department.

Key Benefits of the Fellowship

Financial Support: Fellows receive a competitive stipend of $46,500 (net of income taxes) distributed over eight months.
Visa Assistance: The World Bank assists selected candidates in obtaining a G4 visa to work in Washington, D.C.
Professional Development: Fellows engage in high-impact research, gaining valuable insights into global economic policies.
Global Networking: The program fosters connections with leading economists, researchers, and policymakers.

Note: The fellowship does not cover travel expenses.

Eligibility Criteria

To qualify for the Robert S. McNamara Fellowship, applicants must meet the following requirements:

Nationality: Must be a citizen of a World Bank Group (WBG) member country.
Educational Background:
- Hold a Master’s degree (MA) in Economics or a closely related field, OR
- Be currently enrolled in a Ph.D. program in Economics or a relevant discipline.
Age Limit: Must be 35 years or younger as of June 30, 2025.
Language Proficiency: Must have strong English language skills.
Relocation: Must be willing to relocate to Washington, D.C., for the entire fellowship duration.

Application Process

The application process is conducted online, and all required documents must be submitted before the deadline: February 25, 2025.

Required Documents

Resume – A detailed CV highlighting academic and professional achievements.
Statement of Research Interests – A document outlining research goals and areas of interest within the World Bank’s Development Economics department.
Recommendation Letter Contact Information – Applicants must provide the details of a referee who will submit a letter of recommendation if shortlisted.

Optional Documents

Writing Sample – Demonstrates analytical and communication skills.
Code Sample – For applicants involved in quantitative research.

Important: Applications submitted via email, postal mail, or any method other than the online portal will not be considered.

Why Apply for the RSM Fellowship?

The Robert S. McNamara Fellowship is a stepping stone for emerging economists who aspire to contribute to global financial and economic research. It offers an unparalleled opportunity to work with leading experts, access vast data resources, and shape policies that impact economies worldwide.

📅 Application Deadline: February 25, 2025
📍 Location: Washington, D.C., USA

For more details and to apply, visit the World Bank’s official website.