Japan-IMF Scholarships for Asians


The Government of Japan first introduced the Japan-IMF Scholarship Program for Asia (JISPA) in 1993. International Monetary Fund (IMF) governed and carried out the program at various graduate schools in Japan.


To promote the sustainable growth of emerging and developing economies in Asia and the Pacific, building institutional capacity in economic policy-making is the main objective.


The JISPA partner track scholars get opportunity to attend an especially structured graduate level course focused on macroeconomics at an IMF affiliation university.


The JISPA open track subprogram supports the scholars to study graduate-level macroeconomics or a related field at either the master’s or PhD level at any leading university of Japan. Highly motivated officials can identify a study course suitable to their professional pursuits in the public sector and supportive of their future work as an economic policy maker and they were highly attracted to the subprogram. To know about this sub program, you should look at the brochure.


Scholarship Provider:

Partnership universities that will be taking scholars in 2014-2015, are:

  • National Graduate Institute for Policy Studies (GRIPS): one-year and two-year programs
  • Hitotsubashi University (HIT): two-year program
  • International University of Japan (IUJ): two-year program
  • University of Tokyo (UT): two-year program


Area of Study:

All the graduate level programs have a strong macroeconomic oriented focus, with core courses offered in macroeconomic and financial theory and policies. The 2014-2015 brochure of the program contains the complete course list.


Benefits of this Scholarship:

  • An allowance will be provided to cover Visa application costs, testing fees (such as TOEFL).
  • One round-trip economy class air-ticket will be allotted with an allowance to cover book-shipping costs.
  • The scholars won’t have to pay tuition fees, since the scholarships will pay.
  • A smart monthly stipend will be provided.
  • Housing allowance and medical/accident insurance will also be provided.
  • All awards typically cover one year. Academic performance and the university’s recommendation, together with nomination by a scholar’s sponsoring agency will ensure renewing these awards for the second year of the two-year master’s programs.


* The scholarship covers expenses incurred by the scholar only.



  • Under current program guidelines, candidates must be a national of one of the following eligible countries: Bangladesh, Bhutan, Cambodia, China, India, Indonesia, Kazakhstan, Kyrgyz Republic, Lao P.D.R., Malaysia, Maldives, Mongolia, Myanmar, Nepal, Pacific Island Countries, Papua New Guinea, Philippines, Sri Lanka, Tajikistan, Thailand, Timor-Leste, Turkmenistan, Uzbekistan, and Vietnam.
  • Candidates should work presently for any of the following or related agencies: central bank, ministry of economy, ministry of finance, ministry of planning/development, ministry of trade/commerce, tax administration, or national statistics bureau.
  • Government officials those have influence macroeconomic policy formulation or implementation will get consideration.
  • Candidates must be a Graduate or an equivalent with at least 16 years of formal education. They must list the names of schools and attending dates beginning from primary school in the application. With an official explanation (a country’s particular educational system or other exceptional circumstances), 15 years of formal education may be considered.
  • Applicants must be proficient in English language, with equivalent to or more than an official TOEFL score of 550, CBT213, or iBT79-80. IELTS band score of at least 6.0 can be considered in substitute of TOEFL scores.
  • The chosen applicants are expected to return to their sponsoring organization after completion of the program under the JISPA and must devote to contribute to their home country development.
  • Aged of below 40 years and who have not yet obtained a master’s degree from a university outside of their own country will be prioritized.
  • Each partner university may have some extra admission/eligibility requirements of its own.


How to Apply:

The deadline is 1st December each year. Open track applications are accepted and reviewed all year-round with no deadline. You will have to perform the application process accordingly:

  • At first, please complete the application form.
  • Accumulate all official transcripts and official copies of diplomas or degree certificates from all undergraduate and graduate schools: An official copy means a certified copy of the original document with an official seal obtained from the administration office of the university attended. Copies attested by organizations/persons not having notarized/legal bearing will not be accepted.
  • Collect two reference letters from applicants’ supervisor at work and/or an academic advisor or professor.
  • Achieve TOEFL/IELTS certificate.
  • Admission letter or enrollment certificate of the University of Choice, or a copy of the applications to a university (open track applicants only).
  • Thesis or equivalent paper form master’s degree (open track applicants only).
  • Application material should be sent by mail to the IMF Regional Office for Asia and the Pacific (see address below).
  • It is vital to read the Scholarship Brochure and visit the official website for detailed information on how to apply for this scholarship.

All submitted application material must be presented in English or be accompanied by an official English translation. The material will be considered under the control of the IMF and provided to the relevant school(s) and the Government of Japan as it sees appropriate. None of the material will be returned to applicants.


You can find Open Track Application Form here and the Partnership Track Application Form here.



  • Address:

Japan-IMF Scholarship Program for Asia

IMF Regional Office for Asia and the Pacific

21st Floor Fukoku-Seimei Building

2-2-2 Uchisaiwai-cho

Chiyoda-ku, Tokyo 100-0011