Training Program
Financial Development and Financial Inclusion (FDFI)
Apply online by February 22, 2026 Deadline extended
Session No.: JV 26.16
Location: Vienna, Austria
Date: May 25, 2026 - June 5, 2026 (2 weeks)
Delivery Method: In-person Training
Primary Language: English
Apply NowTarget 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.
Course Description
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.
Course Objectives
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.
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