FSD Academy: M4P for Financial Sector Development in Africa


FSD Academy

Making Financial Markets Work for the Poor

A 5-day training programme for FSDs

Cape Town, South Africa: 18 – 23 September 2016

The challenge: How can FSDs improve financial market systems for businesses and for poor people?

Improving the performance of the financial sector is central to the development challenge facing African countries. The growing network of FSDs has been set up to address this challenge, in particular, to address the constraints currently impeding performance and so harness the potential of the financial sector to bring about large-scale and lasting impact, i.e. to make financial markets work better and more inclusively.

FSDs share this strategic objective and the same approach to working – the ‘making markets work for the poor’ or M4P approach. For FSDs to become more effective, they need to enhance the knowledge and skills of their staff in this approach. But until recently there has been no training programme tailored specifically to M4P in the financial sector.

The programme: Making Financial Markets Work

The programme draws both on a learning needs assessment in FSDs commissioned in 2014 by FSD Africa and on the Springfield Centre’s existing, internationally recognised but generic M4P training programme, which has trained more than 1600 people. It is a unique new programme, which applies M4P in finance, focusing on the ‘how to’ of implementation. The programme is one of a number of initiatives of the FSD Academy – a special FSD Africa-led initiative, and is designed especially for FSD technical staff.

Programme goals: To develop participants’ knowledge of and skills in the M4P approach applied to financial markets and its implications for FSDs in Africa

By the end of the programme, participants will:

  • Understand and have ownership over the essence – rationale and principles – of the approach
  • Have developed key knowledge of and skills in the required tools and frameworks to research, design and implement interventions
  • Be aware of the innovative ways in which the approach can be applied to different contexts
  • Recognise the implications of the approach for their work and organisation

Programme description: A practical emphasis on the ‘how to’ of the M4P approach, particularly intervention rationale, analysis, design and implementation

The programme is structured around the five core elements of the approach which together make up complementary frameworks and sets of knowledge that define the ‘how to’ of the M4P approach in finance:

  • The strategic framework: the rationale for a focus on market systems in finance and how to use this in designing and managing an FSD’s work
  • Understanding financial systems: how to analyse specific aspects of financial markets to identify key constraints undermining performance
  • Sustainability and exit strategies: how to operationalise a view of systemic change, including the roles of key (public and private) players
  • Facilitating systemic change: how to design and implement interventions, including the ‘who’, ‘how’ and ‘what’ of facilitation
  • Monitoring and results measurement (MRM): how to focus MRM on system level change that feeds into improvements in FSD performance

The programme will employ a range of techniques throughout its five days, including presentation and discussion, group case work, and plenary sessions on broader financial sector issues. There will also be opportunities to discuss individual participant issues. The programme will build on examples, cases and evidence from the financial sector and will be grounded in FSD experience and realities.

Who should attend? Training for senior to mid-level technical staff

The programme is aimed at senior to mid-level technical staff in FSDs who are engaged in and responsible for interventions, typically design, management, and co-ordination.

Programme Administration

Fee – The course fee is GBP £1,450, payable to FSD Africa.  Payment details will be provided to participating FSDs on acceptance of completed applications.

The fee includes: All tuition fees and course materials, tea/coffee and lunches throughout the five day course, course dinner and mid-week excursion.

It does not include: Travel costs (flights, visas etc), accommodation, airport transfers, other meals, any other subsistence costs.


Venue – The programme will be held at the Vineyard Hotel in Cape Town. Further details will be provided to participants nearer the time.

Kindly note the course in now full and the application process is now complete.