EIB Vice-President Fayolle added: “This is why we joined forces with the IMF in 2017 to begin a Capacity Development Partnership. Our partnership aims to provide concrete backing to upstream Technical Assistance efforts across the African continent and beyond. Since we strongly believe in universal access and leaving noone behind, we leveraged the power of technology to overcome geographical barriers.”
IMF Chief Administrative Officer Carla Grasso praised the collaboration between the two institutions and added : “It brings us a step closer to our objectives under the Sustainable Development Goals that relate to macroeconomic and financial stability and inclusive economic growth.”
The EIB and the IMF brought together their expertise in banking and financial sector policy to offer this course that focusses on financial intermediation as a driver of inclusive and resilient growth. It specifically addresses mid-level to senior staff of financial intermediaries, academia, government, businesses and SME associations.
The online course provides standard risk management methodologies for SME lending and reviews the use of technology in the financial sector. Participants can learn why financial development and inclusion matter for inclusive and resilient growth and how financial products and services can be attuned to the needs of private sector enterprises and SMEs.