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OPEC Fund launches Scholarship Scheme
120/2005 December 5, 2005, Vienna, AustriaThe OPEC Fund for International Development in Vienna, Austria, has announced the launch of an Annual Scholarship Award program to assist students pursue their career on a development-related discipline. The recipient, who should be a mid-career professional from a developing country, will receive a scholarship of up to US$100,000, spread over a maximum of two years, toward the completion of a Master's degree, or its equivalent, at an accredited educational institution, starting from the academic year 2006/07. Commenting on the Scholarship Scheme, the OPEC Fund Director General, Mr. Suleiman Al-Herbish, said that: "The Scholarship Award aspires to contribute to the continued efforts undertaken by other global aid agencies toward creating a new cadre of highly qualified and skilled human resources in the eligible countries. It also recognizes distinguished and promising candidates with a great potential to make a positive change in their own countries. Furthermore, the Fund has the intention of making this Scholarship one of the highly prestigious awards by identifying and nurturing outstanding students and young employees."
While organizations, including public and private agencies and educational institutions are encouraged to nominate qualified candidates, individuals are similarly urged to apply. The Scholarship will be awarded to a potential candidate meeting all of the following requirements: