TARGET GROUP | 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 inclusion. Participants should 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 first complete the online Financial Development and Financial Inclusion (FDFIx) course.
DESCRIPTION | This one-week course, presented by the IMF´s Institute for Capacity Development, explains the macroeconomic relevance of financial inclusion. The course introduces financial inclusion as an integral dimension of financial development-a perspective that has only recently received proper attention because for many years the discussion instead centered on the concept and measurement of financial depth. The course reviews the indicators currently used to measure financial inclusion, its distinct macroeconomic impact, and the main policy strategies typically pursued.
OBJECTIVES | Upon completion of this course, participants should be able to: Measure the degree of financial inclusion for a country or countries using a wide range of standard indicators. Assess policy options and strategies for financial inclusion from a macroeconomic perspective by identifying potential tradeoffs and possible impediments. Formulate a strategy for policies to support financial inclusion in a country, focusing on financial capability, microfinance, and SME financing. Understand various uses of technology in the financial sector (Fintech) and how they could be used to improve the efficiency and inclusiveness of financial services without generating financial instability.