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Financial Development and Financial Inclusion

Financial Development and Financial Inclusion (FDFI)

Apply online by June 8, 2025 Deadline extended

Session No.: JV 25.31

Location: Vienna, Austria

Date: October 20-24, 2025 (1 week)

Delivery Method: Blended Training

Primary Language: English

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    Target Audience

    Mid-level to senior officials from central banks and government agencies dealing with regulation of the financial sector. Preference is given to applicants working on issues directly related to financial development and inclusion.

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    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. It is strongly recommended that applicants have completed the online Financial Development and Financial Inclusion (FDFIx) course.

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    Course Description

    This course, presented by the Institute for Capacity Development, 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 a framework for financial market development; identifying the main players and instruments, as well as highlighting the obstacles that could impede the development of such markets as well as policies that encourage the development of financial markets. The course introduces financial inclusion as an integral dimension of financial development—a perspective that has only recently received attention. The course reviews the indicators currently used to measure financial inclusion, its macroeconomic impact, and the main policy strategies usually pursued to encourage inclusion. The course makes use of extensive case studies, groupwork and workshops to ensure that participants are gain practical experience that is useful for their jobs. 

    BLENDED COURSE REQUIREMENTS: This course will be delivered in a blended format, comprising two essential sessions, one virtual and one in person.

    Session 1: Virtual

    Participants will attend and work through this session from September 29 to October 3, 2025. Its successful completion is a prerequisite to receive an invitation to take part in the second, in-person session of the course.

    Session 2: In-Person

    Building on the knowledge and tools acquired in the virtual session, participants will attend the second session in person at JVI from October 20th to 24th.

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    Course Objectives

    Upon completion of this 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.  
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