Training Program Course
Financial Development and Financial Inclusion (FDFIx)
This course outlines the macroeconomic relevance of financial development and financial inclusion. Beginning with an analysis that defines the role of finance in the economy, the course presents the main measures of financial development and an analytical framework, identifying the main players and instruments, as well as highlighting the frictions or obstacles that could impede financial development as well as policies that encourage it. The course introduces financial inclusion as an integral dimension of financial development and reviews the indicators currently used to measure financial inclusion, the distinct macroeconomic impact of financial inclusion, and the main policy strategies that have been pursued.
Target Audience
Mid-level to senior officials from central banks and government agencies dealing with regulation of the financial sector.
Qualifications
Participants are expected to have a basic knowledge of economics or finance. Knowledge of econometrics is helpful but not required.
Course Objectives
Upon completion of this course, participants should be able to:
- Measure the degree of financial development and inclusion using a wide range of indicators and use benchmarking to compare a country to its peers.
- Identify strategies and policies to support the development of financial intermediaries and capital markets in a country, considering initial conditions and links between the financial sector and the macroeconomy.
- Understand the unique challenges that SMEs and households face accessing finance; describe how financial intermediaries can better tailor their products to the needs of the SMEs.
- Evaluate the benefits and costs of different financial inclusion policies and identify strategies to promote financial inclusion for households and micro-enterprises.
- Understand various uses of technology in the financial sector (Fintech) and how they could be used to improve the efficiency and inclusiveness of financial services without generating financial instability.
Upcoming Offering
| Start date | End date | Location | Delivery Method | Session No. | Primary & (Interpretation) language | Apply |
|---|---|---|---|---|---|---|
| May 1, 2025 | April 15, 2026 | Course conducted online | Online Training | OL 25.153 | French | Apply online by April 1, 2026 |
| May 1, 2025 | April 15, 2026 | Course conducted online | Online Training | OL 25.152 | English | Apply online by April 1, 2026 |
Videos
FDFIx Promotional Video
This free online course discusses frameworks and policies for financial market development and financial inclusion. It examines FDFI in the context of banks and capital markets, small and medium-sized enterprises (SMEs), households, and the fast-changing FinTech sector.