## Financial Development and Financial Inclusion

## Source details

**Canonical URL:** [Financial Development and Financial Inclusion](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2019/fdfiat19-11)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/at/2019/fdfiat19-11/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/at/2019/fdfiat19-11/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/at/2019/fdfiat19-11/bundle-manifest.json)

## Bibliographic details
- Session: AT 19.11
- Location: Ebene, Mauritius
- Dates: October 28, 2019 - November 8, 2019 (2 weeks)
- Primary language: English
- Status: Deadline passed

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### Target Audience and Admissions
- 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:
  - Basic knowledge of economics or finance, or equivalent work experience.
  - Knowledge of econometrics is helpful but not required.
  - Strong recommendation: applicants first complete the online Financial Market Analysis (FMAx) course and understand basic models for pricing debt and equity.

### Course Description and Themes
- The course explains the macroeconomic relevance of financial development and inclusion.
- Begins with an analysis that defines the role of finance in the economy.
- Reviews the theoretical and empirical literature on the impact of finance on macroeconomic performance and growth.
- Addresses two policy classes:
  - Market-enabling policies to encourage financial development.
  - Market-harnessing policies to limit potentially destabilizing effects of financial development.
- Introduces financial inclusion as an integral dimension of financial development, distinguishing it from prior emphasis on financial depth.
- Reviews:
  - Indicators currently used to measure financial inclusion.
  - The distinct macroeconomic impact of financial inclusion.
  - Main policy strategies usually pursued to promote inclusion.

### Course Objectives (learning outcomes)
Upon completion of the 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.

### Related IMF training note
- IMF offers online training to government officials and the public; prospective applicants are directed to Learn more for current offerings.

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## References

- [Institutional Sector Accounts-Advanced - Blended (ISA-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/hq/2027/isa-ahq27-02)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2019/fdfiat19-11_