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IFC, Milken Institute, and Georgetown University Partner to Strengthen Capital Markets

News Release
IFC, Milken Institute, and Georgetown University Partner to Strengthen Capital Markets

Washington D.C., USA, December 19, 2023—To help strengthen local capital markets, IFC and the Milken Institute have joined forces with Georgetown University’s McDonough School of Business to provide advanced knowledge and skills training to build the capacity of capital market regulators and financial policymakers in emerging markets.

Through the partnership, Georgetown University’s McDonough School of Business will expand the IFC–Milken Institute Capital Markets Program’s curriculum to cover additional financial themes, including green, sustainable, and digital finance. The university will also enrich the program through its extensive network of market practitioners and policymakers. 

Established in 2016, the IFC–Milken Institute Capital Markets Program is an accredited eight–month graduate-level certificate program, which has trained over 220 mid-career capital market regulators and financial professionals from more than 55 emerging market countries. 

“Developing the expertise and capacity required to establish effective capital markets is indispensable for a thriving private sector, and an important driver for economic growth and jobs,” said John Gandolfo, IFC Vice President and Treasurer, Treasury & Mobilization. “This partnership underscores our commitment to building a cadre of highly skilled professionals to strengthen capital markets in emerging markets.”

Participants in the program, starting in the fall of 2024, will study for four months at Georgetown McDonough before putting their acquired academic knowledge into practice through work placements in public and private sector financial institutions and development finance institutions. Upon completion, they will receive a graduate certificate from Georgetown and return to their home countries to help develop local capital markets.

“This partnership will enhance our impact on economic growth and long-term stability in emerging markets around the world,” said John Hunter, Milken Institute Chief Operating Officer. “By providing thorough training and forging partnerships with market regulators, we can help future leaders transform financial systems that unlock business and economic opportunities where they are needed the most.”

Georgetown University’s McDonough School of Business is renowned globally for its rigorous academic programs, world-class faculty, and strong focus on ethical leadership. Founded in 1789, Georgetown University is one of the world’s leading teaching and research institutions. 

"We are pleased to partner with the IFC-Milken Institute Capital Markets Program to empower rising professionals, strengthen local markets, and ensure people across the world have the resources they need to thrive," said Paul Almeida, Dean and William R. Berkley Chair of Georgetown's McDonough School of Business. "With the expertise of our faculty, as well as our connections here in Washington, D.C., and around the world, participants will be prepared to lift up emerging markets and make an immediate impact on global financial systems." 

In addition to blending academic rigor with hands-on work experience, the IFC-Milken Institute Capital Markets Program offers unparalleled networking opportunities for participants to build connections and join a global alumni network that offers continuous learning.


About IFC

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit

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About the Milken Institute

The Milken Institute is a nonprofit, nonpartisan think tank focused on accelerating measurable progress on the path to a meaningful life. With a focus on financial, physical, mental, and environmental health, we bring together the best ideas and innovative resourcing to develop blueprints for tackling some of our most critical global issues through the lens of what’s pressing now and what’s coming next. For more information, visit 

About Georgetown University's McDonough School of Business

Located at the global intersection of business, policy, and international relations in the capital of the United States, Georgetown University’s McDonough School of Business draws upon its access to business, government, policymakers, nonprofits, and the diplomatic community, as well as the expertise of Georgetown’s other renowned schools, to bring an interdisciplinary and experiential approach to learning and scholarship. Rooted in Georgetown’s Jesuit tradition, the school prepares undergraduates, graduate students, and participants in customized executive education courses to become globally-minded, principled leaders in service to business and society. For more information, visit

Media Contact for IFC

Irena Guzelova
Phone: +12028307134
Email: [email protected]

Media Contact for the Milken Institute

Paul Guequierre
Phone: +12022496942
Email: [email protected]

Media Contact for Georgetown University

Samantha Krause
Phone: +3104152065
Email: [email protected]