CASH AWARDS: International Finance Corporation (“IFC”) and the Financial Times (“FT”) (collectively, the “Sponsors”) will grant six awards to the top papers as judged by the Awards Committee:
Gold Award US$20,000
2 Silver Awards, each US$10,000
3 Bronze Awards, each US$5,000
PUBLICATION: The Sponsors may publish the six winning essays in print and online at their sole discretion, as follows:
IFC competition website: The six winning essays and their abstracts may be published on the IFC web site along with author biographies. Authors should provide biographies not exceeding 150 words to the IFC on request; they may be edited by the IFC at its sole discretion.
Other IFC/World Bank websites: The six winning essays and/or abstracts may also be published on other IFC/World Bank Group web sites.
Financial Times print: An abbreviated version of the gold-winning essay may be published in the print edition of the Financial Times newspaper, at the FT’s sole discretion.
Financial Times website: The gold-winning essay in its entirety and abstracts of the silver- and bronze-winning essays may be published on the Financial Times website at the FT’s sole discretion.
Competition booklet: The six winning essays (and/or their abstracts) may be published in the form of a soft-cover booklet and/or a single-volume hard copy book at the IFC’s sole discretion.
SUBMISSION COPIES: The IFC will not return submissions to the authors.
COPYRIGHT: The Sponsors shall own the entire copyright interest in all essays submitted in the competition until the results are publicly announced. Subsequently, the Sponsors shall relinquish such copyright interest to the authors of non-prize-winning entries. The Sponsors shall own the entire copyright interest in the gold-, silver- and bronze-winning essays. The Sponsors will normally, in their discretion, grant permission to those requesting republication of all or part of the prize-winning essays upon submission of a written request. We require parties republishing these essays to: (1) acquire the prior written consent of each of the Sponsors; (2) acknowledge the IFC-FT essay competition; and (3) note that the views expressed in the essay may not represent IFC's or the FT’s views on any matter. Written consent is required in order to use either Sponsor’s name in any written material for third parties, including that written by winning authors. The authors of the essays agree to execute such documents as the Sponsors may request to vest in the Sponsors the entire copyright interest in the essays as provided above.
LOST ENTRIES: The Sponsors will not be held responsible for any essays lost or not received.
GOOD FAITH AND REPRESENTATION: The Sponsors accept all essay submissions in good faith. Any entries found not to meet the good faith expectations of the Sponsors (among other things, cases of plagiarism or incorrect attribution; fraudulent research; inappropriate author relationship to IFC, the World Bank Group or the FT) will be considered invalid and the authors will forfeit any prizes and/or expenses awarded, if applicable. Authors found to have committed fraud will be banned from future competitions. The Sponsors reserve the right to replace any removed winners at the Sponsors’ sole discretion. The Sponsors will not be held liable for the misrepresentations of any entrants.
WEB SITE AND EMAIL ACCOUNT USAGE: The IFC maintains sole ownership and operation of the competition website (www.ifc.org/competiton) and email account (“competition@ifc.org”). IFC also maintains sole ownership of all information gathered from the site and e-mail account referenced above, with the exception of non-winning-essay copyrights as noted above. Neither IFC nor the FT will be held responsible for any technical issues or resultant problems of the aforementioned web site or email account.
IFC LEGAL DISCLAIMER: Please use the following links to view the legal policies governing the IFC and World Bank Group web sites in their entirety, including the competition web site and all information gathered thereby: IFC World Bank. The terms of such legal policies are incorporated into these terms and conditions by this reference.
DISCLAIMER: The findings, interpretations, and conclusions expressed in any and all essays are those of the author(s) only and do not necessarily reflect the views of IFC or the Executive Directors of IFC or the World Bank Group or the FT. The Sponsors do not make or give any representation, warranty or undertaking, express or implied, as to, or assume any responsibility for: (i) the completeness or accuracy of the information contained in this document; (ii) the reasonableness of the assumptions or the information on which it was based; or (iii) the suitability of this information for its intended purpose.
PRIVACY: The IFC privacy policy found in the aforementioned legal disclaimer covers all competition activity occurring on or through the competition web site. In addition, by submitting an essay, applicants agree that if they should win, IFC and the FT may use the personal information on their entry forms for publicity purposes, with the exception of street address and telephone number. The winning authors consent to the use of their personal information by the Sponsors in publicity in all media, such as online, newspaper, television, and radio, and agree to cooperate with the Sponsors in developing the appropriate publicity and promotional materials, in any medium, for such publicity. Data gathered from non-winning authors will only be used in aggregate (i.e., not personally identifiable) form.
OPT-IN TO RECEIVE FURTHER COMMUNICATIONS: Authors submitting essays consent and agree to IFC’s use of their contact information on their online and offline/paper entry forms to send further communications to them regarding this essay competition and any subsequent competition of a similar nature that IFC and its co-sponsor(s) may conduct.
