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 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.
BLENDED COURSE REQUIREMENTS | This course will be delivered in a blended format, comprising two essential components.
Part 1: Virtual Segment
Selected participants will embark on the virtual segment, scheduled from September 30 to October 04, 2024. Successful completion of this phase is a prerequisite for advancement to the in-person portion of the course.
Part 2: In-Person Session
Those who successfully complete the virtual week will receive an invitation to join the in-person component, which will take place at JVI in Vienna from October 07 to 11, 2024.
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 to their jobs.
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.
Start:
End: Oct 11
Language: English
Sponsoring Organization: IMF
Admin Arrangements
Application Deadline: July 14, 2024