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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 50 developing and emerging economies. Today, over 230 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 50 countries and 90+ government institutions have taken part, often returning to accelerated career paths after completing the program. Meet our Capital Markets Alumni.

Meet Our Alumni

Featured Alumni Milestones and Thought Leadership

Bolokwe succeeds Tsheole as BSE Interim CEO
IFC-Milken Institute Alumnus Kopano Bolokwe was named Interim CEO of the Botswana Stock Exchange, April 2024

Tinubu appoints new board for Nigeria’s Securities and Exchange Commission
Nigeria’s president appointed new leadership at the Securities and Exchange Commission, including two IFC-Milken Institute Alumni: Emomotimi Agama as Director General and Frana Chukwuogor as Executive Commissioner for Legal & Enforcement

After a decade of false starts, Angola finally gets its stock market
IFC-Milken Institute Alumnus Walter Pacheco, CEO of the Angola Stock Exchange, spearheaded the country’s first IPOs in 2022

Financial Inclusion at the Frontier: Exploring the Landscape of Digital Asset Regulation in Africa
How can African nations tap into the tremendous potential presented by digital assets, while striking the right regulatory balance and protecting investors and consumers? 

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.