Scholarship Description
The OPEC Fund for International Development (OFID) is pleased to announce that qualified applicants who have obtained or are on the verge of completing their undergraduate degree and who wish to study for a Master’s degree are welcome to apply for the OFID Scholarship. The winners of the OFID Scholarship Award will receive a scholarship spread over a maximum of two years, toward the completion of a Master’s degree, or its equivalent, at an accredited educational institution, starting in the autumn of the academic year 2018/2019.
Through its scholarship program, OFID aims to help highly motivated, highly driven individuals overcome one of the biggest challenges to their careers – the cost of graduate studies.
Provided By: The OPEC (Organization of the Petroleum Exporting Countries) Fund for International Development is the development finance institution established by the Member States of OPEC in 1976 as a channel of aid to the developing countries.
Key Details:
- Award Amount: Tuition fees, supplementary examination fees, and a monthly allowance, etc.
- Number of Awards: Varies
- Study level: Undergraduate and Master’s degree
- Application Deadline: May 4, 2018
- Winners Announcement: June 2018 on website
Who May Enter:
- OFID scholarships will be awarded to candidates for master’s degree studies.
- Applicants must be from a developing country (except OFID Member Countries),
- Applicants (he/she) must first obtain admission to pursue a Master’s degree studies in a relevant field of development, from any recognized university/college in the world.
- Master’s Degree studies related to development: economics of development (poverty reduction, energy, and sustainable development), environment (desertification), or other related science and technology fields.
- Must be between the ages of 23-32 at the time of submitting his/her application.
- Must have obtained or be on the verge of completing their undergraduate degree with a Baccalaureate from an accredited college/university, or its equivalent.
- Must have a minimum cumulative GPA of 3.0 or higher on a 4.0 rating system, or its equivalent.
- Must be matriculated at an accredited university for the upcoming academic year starting August/September 2018, and must maintain full-time status for the duration of the Master’s Degree.
- Must be a national of a developing country—please refer to the list of eligible countries. Please note that nationals of OFID Member Countries (Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Venezuela) are ineligible to apply.
- Must select a subject of study that pertains to OFID’s core mission, such as economics of development (poverty reduction, energy, and sustainable development), environment (desertification), or other related science and technology fields.
Application Procedure:
To apply, students must register within the OFID Scholarship Portal by using your email address and fill out an application form and upload supporting documents online at the given link: https://app.wizehive.com/appform/login/OfidScholarship2018
Guideline:
- Only one registration is allowed per person.
- Your next step is to log on to the scholarship portal to complete your application and upload required documents.
- Your application account will remain active until you submit it or until the submission deadline. Although you may receive emails from us, your application will not be processed until it has been properly submitted.
Required Documents:
- A scanned copy of the applicant’s passport.
- A scanned copy of the transcripts/certificates from the highest level of education completed.
- A scanned letter of acceptance from the chosen educational institution, confirming your admission, subject of study and duration of the Master’s degree program.
- A proof of meeting any prerequisites, including language proficiency.
- A short essay – of about 500 words in English – giving reasons for applying for the OFID scholarship, explaining your educational goals, and clearly describing how you will use the experience gained from your Master’s degree studies to help in the development of your home country.
- Two letters of recommendation from professors and/or lecturers at applicant’s present university (or present employer).
- If your present university/employer wants to send their recommendation letters directly to OFID, they may do so via email at scholarship@ofid.org, as long as they ensure that your name is included in the subject line of the email.
- Their postal address is: OFID Scholarship Award Application Board, Parkring 8, A-1010 Vienna, Austria
- Kindly ensure that recommendations are sent to OFID by the May 1st deadline.
- Curriculum Vitae (CV).
Award Description:
The terms and conditions of payment will be determined in coordination with the student upon his/her selection in accordance with the following guidelines:
- The tuition fees, including any supplementary examination fees, as may be required by the academic institution, will be paid by OFID directly to the academic institution. Health insurance will be paid in accordance with the institution’s own standard medical scheme.
- A monthly allowance to cover living expenses, books, and accommodation, will be transferred to the student’s own personal bank account.
- The grant will also cover one round-trip flight between your home country and the university, health insurance, a relocation grant to help you cover additional costs of moving and a monthly allowance for one year.
- Prior to the start of his/her first-year studies, the student will be paid a relocation grant.
- OFID will also pay for travel costs from the nearest airport to the student’s place of residence, to the nearest airport to the chosen place of study. Upon completion of the studies, the student will be paid the cost of a one-way air ticket to his/her home country.
Website: http://www.ofid.org/FOCUS-AREAS/Beyond-the-scope/Scholarship-Award
Any specific questions about the application process can be directed to scholarship[@]ofid.org.
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