Connect with IMF Institute

Financial Development and Financial Inclusion (FDFI)

Financial Development and Financial Inclusion

This course, presented by the IMF Institute, explains the macroeconomic relevance of financial development and inclusion. Beginning with an analysis that defines the role of finance in the economy, the course reviews the theoretical and empirical literature on the impact of finance on macroeconomic performance and growth. It also addresses policies to encourage financial development (market-enabling policies) and limit its potentially destabilizing effects (market-harnessing policies). The course introduces financial inclusion as an integral dimension of financial development—a perspective that has only recently received proper attention because for many years the discussion instead centered on the concept and measurement of financial depth. The course reviews the indicators currently used to measure financial inclusion, its distinct macroeconomic impact, and the main policy strategies usually pursued.

Read More Topic : Financial Sector Policies

    Target Audience

    Mid-level to senior officials from central banks and government agencies dealing with regulation of the financial sector. Preference is given to applicants working on issues directly related to financial development and inclusion.
    Back to top

    Qualifications

    Participants are expected to have a basic knowledge of economics or finance, or equivalent work experience. Knowledge of econometrics is helpful but not required. It is strongly recommended that applicants first complete the online Financial Market Analysis (FMAx) course and understand basic models for pricing debt and equity.
    Back to top

    Course Objectives

    Upon completion of this course, participants should be able to:
    • Measure the degree of financial development and inclusion for a country or countries using a wide range of standard indicators.
    • Identify the shortcomings of various indicators and recognize the possible need to collect more detailed microeconomic data.
    • Use a simple analytical model to predict the likely outcomes of different policies on financial inclusion.
    • Assess policy options and strategies for financial development and inclusion from a macroeconomic perspective by identifying potential tradeoffs and possible impediments.
    • Formulate a strategy for policies to support financial development in a country, taking into account initial conditions and links between the financial sector and the macroeconomy.
    Back to top

    Syllabus

    This two-week course outlines the macroeconomic relevance of financial development broadly, and of financial inclusion more specifically. Beginning with an analytical framework that defines the role played by finance in the economy, the course reviews the conceptual and empirical literature on finance’s impact and addresses key policy issues that arise in either encouraging its development (market enabling policies) or limiting its destabilizing effects (market harnessing policies).

    The course introduces financial inclusion as an integral dimension of financial development, but which only recently has received much attention, as the discussion for many years has mainly revolved around the concept and measure of financial depth. The course reviews the indicators currently used to measure financial inclusion, the distinct macroeconomic impact of financial inclusion, as well as the main policy strategies that have been pursued.

    Back to top

    Upcoming Offering

    Start date End date Location Session No. Primary & (Interpretation) language Apply
    November 16, 2020 November 27, 2020 Singapore, Singapore ST 20.26V English Apply online by September 21, 2020
    February 15, 2021 February 19, 2021 Zanzibar, United Republic of Tanzania OT 21.02V English Invitation
    March 1, 2021 March 12, 2021 Ebene, Mauritius OT 21.301V English (French) Invitation
    March 8, 2021 March 18, 2021 Rabat, Morocco CE 21.03V English Apply online by January 29, 2021
    Back to top

    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and public. Click Learn more to find our current offerings.

    Virtual - Financial Sector Surveillance (FSS)

    English, November 2-6, 2020, Vienna, Austria

    Apply online by September 20, 2020

    Virtual - Financial Development and Financial Inclusion (FDFI)

    English, November 16-27, 2020, Singapore, Singapore

    Apply online by September 21, 2020

    Virtual - Economic Issues in Regional Integration (ERI)

    English (French), October 12-23, 2020, Ebene, Mauritius

    Apply online by September 23, 2020

    Virtual - Fiscal Frameworks (FF)

    English (French), October 26, 2020 - November 6, 2020, Ebene, Mauritius

    Apply online by September 23, 2020

    Virtual - Financial Sector Policies (FSP)

    English (French), November 9-20, 2020, Ebene, Mauritius

    Apply online by September 25, 2020