Financial Development and Financial Inclusion

Source details

Event: Financial Development and Financial Inclusion training program (Session No.: JV 24.31).
Organizer: Institute for Capacity Development, International Monetary Fund.
Location: JVI in Vienna, Austria.
Delivery Method: Blended Training.
Primary Language: English.
Date (in-person session): October 07-11, 2024.
Virtual segment dates: September 30 – October 04, 2024.
Duration: 2 weeks (comprising the virtual segment plus the in-person session).
Admission condition: Successful completion of the virtual segment is a prerequisite for advancement to the in-person component.
Application status: Deadline passed.

Target Audience:
- Mid-level to senior officials from central banks and government agencies dealing with regulation of the financial sector.
- Preference given to applicants working on issues directly related to financial development and inclusion.
Qualifications:
- Expected background: basic knowledge of economics or finance, or equivalent work experience.
- Additional helpful skills: knowledge of econometrics (helpful but not required).

Purpose:
- Explain the macroeconomic relevance of financial development and inclusion.
- Introduce financial inclusion as an integral dimension of financial development.
Structure:
- Part 1: Virtual Segment (selected participants; September 30 – October 04, 2024).
- Part 2: In-Person Session (October 07-11, 2024 at JVI in Vienna).
Content areas:
- Analysis defining the role of finance in the economy.
- Framework for financial market development: main players and instruments.
- Obstacles impeding financial market development and policies to encourage development.
- Indicators used to measure financial inclusion and its macroeconomic impact.
- Main policy strategies to encourage financial inclusion.
Methods:
- Extensive case studies.
- Groupwork and workshops to provide practical experience relevant to participants’ jobs.

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

Identify the main players and instruments needed for financial market development.
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.
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.