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IFC

Global Market Development
IFC–Milken Institute Capital Markets Program

What We Do

Capital markets are essential to the creation of prosperous societies. Successful and sustainable capital-market development requires robust skills in financial regulation and policy planning. Together with the International Finance Corporation and the George Washington University, and with the support of corporates as well as the Motsepe Foundation, we are building a cadre of highly-skilled policymakers across more than 45 developing and emerging economies. Today, over 190 IFC–Milken Institute Capital Markets Program Alumni are working to strengthen their countries’ markets while exploring innovative financial solutions to pressing social and economic challenges. 

IFC - Milken Institute Supporters and Internship Providers

Meet the companies that have participated in our training program since it was launched in 2016.

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IFC - Milken Institute Alumni

Since 2016, scholars from 45 countries and 70+ government institutions have taken part, often returning to accelerated career paths after completing the program. Meet our Capital Markets Alumni.

Meet Our Alumni
IFC–Milken Institute Capital Markets Program timeline graphic June 2023

Featured Capital Market Scholar Thought Leadership 

The Pandemic and an African Reset
This report was produced by IFC-MI Scholars Hauwa Danmadami (Nigeria SEC) and Esi Monney (Ghana SEC) during their Fall 2021 internship with WorldQuant, LLC.

Issuance of Mortgage-Backed Securities in Kenya
This report was produced by IFC-MI Scholar Anne Kariuki (Central Bank of Kenya) during her Fall 2021 internship with the Structured Finance Association.

Alumni perspectives on the COVID-19 pandemic 
View high-profile interviews conducted by our alumni over 2020-2021, showcasing the voices of African change agents, policymakers, and entrepreneurs, to assess the effects of the pandemic on African countries and the priorities for the post-pandemic recovery.