EIB-GDN Research Fellowship in Applied Development Finance 2019

EIB-GDN Research Fellowship in Applied Development Finance 2019

Deadline: May 5, 2019

Applications are open for the EIB-GDN Research Fellowship in Applied Development Finance 2019. The EIB-GDN Programme in Applied Development Finance provides qualified young researchers from African, Caribbean and Pacific (ACP) regions a practical opportunity to apply their academic training to assess real-world private sector investments.

Under the guidance of top international experts in evaluation and impact assessment, research professionals from ACP countries, inducted into the program through a stringent selection process, will conduct ‘deep dive’ studies of projects funded under the EIB’s Impact Financing Envelope (IFE) to deepen understanding of the EIB’s investment operations in the ACP region.

Programme Details

GDN is seeking to induct up to 10 research professionals from ACP countries to constitute the research team for the third cycle of the program (2019-2020). The Fellowship will be over a period of one year, beginning in September 2019. Successful applicants will be inducted into the program as Candidate Fellows. They will attend a capacity- building workshop in September 2019 at EIB headquarters in Luxembourg, where they will learn about relevant evaluation methodologies and analytical techniques, and will be familiarized with the EIB and its operations.

They will subsequently be tasked, over a period of one year, with carrying out deep dive studies into the results and impacts of selected projects, funded under the IFE. The inductees will be aided and guided by Expert Advisors (EAs) and expected to take on board feedback from the EIB and from the private sector companies they work with, but will mostly be expected to work independently. Upon completion of all program requirements, the inductees will receive certification as EIB-GDN Fellows in Applied Development Finance, and will become part of a knowledge network in evaluation and development finance.


  • Each Fellow will receive a stipend of € 15,000 and a research grant of up to € 10,000 to cover all direct and indirect costs of conducting the evaluation. GDN will provide research management, administrative and logistical support.

For successful candidates, the programme offers the following benefits:

  • Firsthand experience in the rapidly developing fields of Impact Investing and Development Finance;
  • The opportunity to apply academic knowledge and training to real-world private sector development projects;
  • Deepening of subject matter expertise in evaluation methodologies, with mentoring from some of the world’s leading evaluation experts;
  • Working with two leading international institutions;
  • Certification;
  • Inclusion in a knowledge network which can work locally in ACP countries for national and regional development; and
  • Part-time commitment with excellent financial support.


  • Open only to nationals of ACP countries. Applications from Caribbean nationals, especially from the Dominican Republic, Jamaica, and Haiti, are especially encouraged
  • The program targets professionals of up to 35 years of age. However, slightly older, but otherwise qualified, candidates will also be considered
  • Applicants should have a PhD in Economics, Finance or Business with significant exposure to the Social Sciences or Development. Candidates with specialization or experience in International Finance (with deep knowledge of currency markets, financial markets, and instruments, including derivatives), Agricultural Economics (with understanding of supply chains),  or sustainable, renewable and off-grid energy technologies are particularly encouraged to apply
  • Demonstrated academic knowledge and/or professional experience in impact investing, development finance or impact evaluation or assessment. For those without professional experience, the doctoral dissertation should be focused on impact evaluation or assessment
  • Candidates should have the ability to work independently and proactively and should be able to demonstrate that, for example through experience in research consultancy or through independent and self-driven collection of field data. Preference will be given to candidates who, in addition to academic credentials, have employment or other substantive experience with the private sector
  • Demonstrated professional written and oral communication skills in English. Some of the projects may be in Francophone Africa or the Caribbean, for which fluency in French or Spanish may be required


Click here to apply

For more information, visit EIB-GDN Research Fellowship.