Awards are sponsored by the Ministry of Foreign Affairs of Norway, the Ministry of Strategy and Finance of the Republic of Korea, and the World Bank.

1. Essay
Eight finalists will participate in the Final Jury in Seoul, South Korea, in June 2009, and attend the Annual Bank Conference on Development Economics (ABCDE).
Money awards:
1st prize: 3,000 USD
2nd prize: 2,000 USD
3rd prize: 1,000 USD

2. Video
Author of the winning video will be invited for a screening at the occasion of the Annual Bank Conference on Development Economics (ABCDE), held in Seoul, South Korea, in June 2009.
Money awards:
1st prize: 2,000 USD
2nd prize: 1,000 USD
3rd prize: 500 USD

3. Photo
Money awards:
1st prize: 500 USD
2nd prize: 300 USD
3rd prize: 200 USD
Winners of the photo competition do not travel to the ABCDE Conference in South Korea, but will have their photos featured in the Essay Competition Summary Report, on the website of the Essay Competition and partner organizations’.