The World Bank's International Finance Corporation (IFC), and the Financial Times (FT), are offering US$20,000 for the best 4,000 word (max) essay on "Private Sector Development: Creating Markets, Transforming Lives. (all entries are due by this September 30).
The sponsers want "action-oriented essays that:
- Provide insight into current Private Sector Development (PSD) research
- Develop and support the implementation of leading-edge PSD initiatives
- Strike a balance between conceptual and practical considerations for private-sector involvement in developing countries, and the effect of that involvement on development
- Reflect innovative, data-supported research resulting from the author’s own professional or academic work
- Target economic & financial policymakers, the international financial community and/or international domestic investors."
There are two second prizes of $10,000 each, and three third prices of $5,000 each.
The IFC and FT will publish the essays on their web sites, and may publish them in additional formats.
This is the second year for this contest. Last year's winning entries, on the topic "Business and Development: The Private Path to Prosperity," are here: Award Winning Essays.
The contest web page (IFC-FT Essay Competition) has "expression of interest" and entry forms, and more contest details.