Training Program

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.  

Participants are expected to have a basic knowledge of economics or finance, or equivalent work experience. Knowledge of econometrics is helpful but not required. 

This course explains the macroeconomic relevance of financial development and 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, 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 measures of financial inclusion, its macroeconomic impact, and the main policy strategies usually pursued. The course includes case studies, group work and workshops to ensure that participants gain practical experience in applying the course concepts and tools.