The third edition of the Certificate in Law and Regulation of Inclusive Finance wrapped up on 24 January 2019, with 18 participants from 12 countries across Africa, Asia, Central and South America completing the two-week course.

The Certificate forms part of a cooperation between the University of Luxembourg and Appui au développement autonome (ADA). It is further supported by the European Investment Bank (EIB) Institute and the Luxembourg Ministry of Foreign Affairs.

Hosted over two weeks, the Certificate offered classes on regulatory supervision, law and ethics, investment vehicles and banking law, enabling an exchange between scholars, regulators and financial intermediaries, facilitating academic and non-academic cooperation. EIB Group staff taught courses on sustainable finance, microfinance at the EIB, European microfinance and social enterprises at the EIF.

“The courses provided a good variation of topics and discussions for you to be able to have a good grasp of the financial inclusion ecosystem.” says Anna Ria Manahan, programme manager at the Microfinance Council of the Philippines which supports its members in capacity building but also delivers technical support. “This was a good opportunity to learn about financial inclusion at international level but also to see what different countries are doing.”

Participants of the certificate came from Brazil, Burundi, Cambodia, Chad, Guatemala, India, Ivory Coast, Nepal, Nigeria, Pakistan, the Philippines and Tanzania. “We have a lot of different experiences and backgrounds but the goals are the same, the passion is the same.” says Amir Faizi from Jamia Millia Islamia public university in New Delhi who is also active for a microfinance NGO in India.

The closing of the programme was marked with a reception hosted at the EIB. To help foster a network of experts around the world, the team will start coordinating webinars and digital platforms of exchange for participants of the certificate from this and the two previous years. “We want to continue the discussion with you,” said Prof. Zetzsche, the programme’s director. “The solution is within your society, in your soul and in your mind,”

The fourth edition of the Certificate in Law and Regulation of Inclusive Finance is scheduled to take place in January 2020.