Financial Development and Financial Inclusion (FDFI)

Source details

Start date	End date	Location	Delivery Method	Session No.	Primary & (Interpretation) language	Apply
November 16, 2026	December 11, 2026	Ebene, Mauritius	Blended Training	AT 26.24	English (French, Portuguese)	Apply online by September 14, 2026

The course "Financial Development and Financial Inclusion (FDFI)" explains the macroeconomic relevance of financial development and inclusion.
Begins with an analysis that defines the role of finance in the economy, presents main measures of financial development, and an analytical framework highlighting frictions or obstacles that could impede financial development as well as policies that encourage it.
Introduces financial inclusion as an integral dimension of financial development and reviews measures of financial inclusion, its macroeconomic impact, and the main policy strategies usually pursued.
Includes case studies, group work and workshops to ensure that participants gain practical experience in applying the course concepts and tools.
Topic: Financial Sector Issues

Target Audience:
- Mid-level to senior officials from central banks and government agencies dealing with financial sector issues.
- Preference is given to applicants working on the promotion of financial development and inclusion.
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.

Upon completion of this course, participants should be able to:

Identify the main functions that finance plays in the macroeconomy.
Measure the degree of financial development and inclusion for a country or countries using a wide range of standard indicators.
Use a simple analytical model to predict the likely outcomes of different policies on financial inclusion and how it ultimately affects the macroeconomy.
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.

Duration: two-week course.
Focus:
- Outlines the macroeconomic relevance of financial development broadly, and of financial inclusion more specifically.
- Begins with an analytical framework that defines the role played by finance in the economy.
- Reviews the conceptual and empirical literature on finance’s impact.
- Addresses key policy issues that arise in either encouraging its development (market enabling policies) or limiting its destabilizing effects (market harnessing policies).
Financial inclusion content:
- Introduces financial inclusion as an integral dimension of financial development, noting it only recently has received much attention relative to the historical focus on financial depth.
- Reviews indicators currently used to measure financial inclusion, the distinct macroeconomic impact of financial inclusion, and the main policy strategies that have been pursued.

Course Structure and Standard Syllabus
- Course Structure and Standard Syllabus (Markdown version)
- Course Structure and Standard Syllabus (PDF)