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Financial Development and Financial Inclusion (FDFI)

Financial Development and Financial Inclusion

This course, presented by the Institute for Capacity Development, 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.

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    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 have completed the online Financial Development and Financial Inclusion (FDFIx) course.

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    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.
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    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.

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    Upcoming Offering

    Start date End date Location Session No. Primary & (Interpretation) language Apply
    October 25, 2021 November 5, 2021 Singapore, Singapore ST 21.23V English Apply online by July 30, 2021
    November 1, 2021 November 12, 2021 Ebene, Mauritius AT 21.28V English (French) Apply online by October 8, 2021
    February 7, 2022 February 17, 2022 Rabat, Morocco CE 22.03V English Apply online by December 31, 2021
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    Apply Now - Application deadline approaching:

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

    Virtual : Fiscal Frameworks (FF)

    English, August 2-13, 2021, New Delhi, India

    Apply online by July 23, 2021

    Virtual : Monetary Policy (MP)

    English (French, Portuguese), August 30, 2021 - September 10, 2021, Ebene, Mauritius

    Apply online by July 23, 2021

    Virtual : External Debt Statistics

    French (English, Portuguese), July 19-23, 2021, Ebene, Mauritius

    Apply online by July 23, 2021

    Foundations of Central Bank Law (FCBLx)

    English, May 1, 2021 - August 31, 2021, Course conducted online

    Apply online by July 24, 2021

    Virtual : Monetary Policy (MP)

    English, September 20, 2021 - October 1, 2021, Singapore, Singapore

    Apply online by July 26, 2021