About The Course
To facilitate increased awareness, the World Bank Group is launching a Financing for Development Massive Open Online Course
(MOOC) on November 16. The objective is to familiarize more people with the new development agenda, the critical role of the private sector and the use of finance, including innovative solutions, to fund the SDGs and meet the Bank Group goals
of ending poverty and boosting shared prosperity by 2030.
Join the growing numbers of those who understand the importance of combining public resources with private and commercial finance for the common good to implement the 17 SDGs
. Over the four-week course, participants will hear from prominent government, international organization and private sector leaders who have considerable first-hand experience in preparing and implementing development projects and forging public-private collaborations globally and regionally. The challenges and successes of mobilizing billions to generate the trillions
needed will also be outlined.
This course includes terminology, key concepts, sources of development finance, public, private and commercial, and multilateral, and the need for increased use of ODA and innovative financing solutions to mobilize and leverage domestic and official development resources alongside private funds. Participants learn through video presentations, core reading materials and links to additional videos and readings. Join the conversation through discussion boards, two Google Hangouts, Twitter chats and other interactive features that encourage active learning.
This course will familiarize participants with the approaches currently under discussion among global leaders on financing the new development agenda.
This overview presents the main topics the course will cover:
Week 1: Introduction to Financing for Development
The first Module defines financing for development and its purpose, describes the main sources of finance and the principal actors involved in financing for development projects, discusses the trends in development finance and outlines why a paradigm shift is needed to mobilize the necessary financing resources to achieve the SDGs. reach the global goals. The Module also touches upon the outgoing general framework for development , the MDGs of 2000-2015, and the successor SDGs covering the period 2016-2030 adopted in September.
Week 2: Public Finance
The second Module introduces and explains domestic and international public finance resources. It highlights issues such as improving domestic resource mobilization, increasing the efficiency of public expenditure measures such as reducing illicit financial flows, and better leveraging Official Development Assistance to enhance its ability to mobilize other sources of public and private finance , particularly for low-income and fragile economies. The Module also discusses the importance for countries to improve the investment climate for greater private investment and to foster development of domestic capital markets to facilitate the tapping of domestic savings for development uses.
Week 3: Private and Commercial Finance
The third Module focuses on sources of domestic and international private and commercial finance. It includes the substantial growth of foreign direct and portfolio investments and of domestic capital markets in select developing countries. It emphasizes the growth and potential of newer sources of private and commercial finance, such as philanthropic funds, sovereign wealth funds, pension funds, and private equity, to be “crowded in” by more targeted use of public resources. It highlights challenges and obstacles the private sector sees to greater mobilization of private sector funding, including needed incentives such as greater risk-sharing and a more hospitable regulatory environment. This Module spotlights infrastructure finance, as one of the most resource-intensive and pervasive development sectors across the developing world, discussing the needs and the current impediments to attracting the capital projected to be required to meet those needs.
Week 4: Multilateral Development Banks (MDBs), other multilateral, and Wrap-up
The fourth Module provides an overview of the MDBs, explaining their business models that have allowed them to leverage their capital and equity to support a vastly greater portfolio of development projects worldwide. It also discusses innovative financing solutions used in recent years to mobilize and generate new financing flows and improve the efficient use of available funds. This Module also highlights the role of MDBs in financing global public goods (GPGs), with climate finance spotlighted as a prime example of innovative techniques and financing vehicles used to ramp up funding deployed in this critical and global area. This Module concludes with a wrap-up of the key learnings the course has attempted to convey.
Participants can participate in one of two tracks:
- General Awareness
- Development Specialist
Participants can move from the General Awareness to the Development Specialist Track at any time during the course.
Track 1 – General Awareness
Track 2 – Development Specialist
This Track is suitable for anyone with a general interest in and desire to increase understanding of development finance, in particular the need to scale up to meet the financing needs supporting achievement of the SDGs and development more generally.
To describe the fundamental concepts of development finance, the sources of funding, and the role of finance in supporting the new Sustainable Development Agenda and development generally. This includes, in particular, the increasing need for public resources to be used innovatively to mobilize and leverage the growing pools of private and commercial finance to meet the 17 SDGs.
Assignments focus multiple-choice questions on subjects that reinforce learning that should be derived from watching the required video talks and doing the core readings. A reflective assignment (500 words) is designed to encourage active learning by requiring participants to select a topic of importance to them and to write an opinion piece that is then peer-reviewed and posted for review and discussion by other participants.
This Track is suitable for anyone who works in the development field or considers development a special area of interest. That would include: official development partners (including officials of the MDBs, IMF, UN and its agencies, donor and client government ministries of finance, foreign affairs and development, and central banks), the private sector, foundations, civil society organizations, and academics, students and other experts concentrating on development issues. It is designed to delve more deeply into the Module subjects, as well as to allow participants to create networks of common interest with counterparts from around the world.
To describe the fundamental concepts of development finance, the sources of funding, and the role of finance in supporting the Sustainable Development Agenda and development generally. This includes, in particular, the increasing need for public resources to be used innovatively to mobilize and leverage the growing pools of private and commercial finance to meet the global goals.
Assignments focus multiple-choice questions on subjects that reinforce learning that should be derived from watching the required video talks and doing the core readings. A Digital Artifact assignment relevant to their context or work, either (i) describing a situation or issue of importance, or (ii) designing a financing solution or plan, using multimedia (anything but text), is meant to deepen the discussion and collective learning. The digital artifact will be peer-reviewed and posted for discussion by other participants. Participants will be encouraged to translate complicated concepts into simple or actionable ideas, in a style that could be understood by laypeople in their community.
Communicate and share resources via the course hash tag on Twitter #Fin4DevMOOC
. Other hash tags you may want to monitor are #Fin4Dev
Related Twitter accounts to follow and/or monitor are: @SDgoals
› MDB Joint Note on Financing the post-2015 Development Agenda, including From
Billions to Trillions; Transforming Development Finance---post-2015
› WBG Global Monitoring Report 2014
› Addis Ababa outcome document – zero draft
› Homi Kharas and John McArthur: Nine Priority Commitments to be made at
July 2015 Financing for Development Conference in Addis Ababa, Ethiopia
› Center for Global Development - Publications and blog posts by Scott Morris
› European Report on Development 2015: Combining finance and policies
a transformative post-2015 development agenda
› Report of the Intergovernmental Committee of Experts on Sustainable Development
› UN report - The road to dignity by 2030: ending poverty, transforming
all lives and protecting the planet
This MOOC has a week-by-week structure, with resources, activities and exercises for you to engage in during each of the four weeks of the course. Each week, you will find a variety of course material, including:
- Videos on key topics by renowned practitioners.
- Resources: Core and optional (deep dive) on the week’s theme.
- Quizzes that check your knowledge, reinforce the lesson’s material and provide immediate feedback.
- Assignments that will sharpen your skills of analysis, reflection and communication.
- Discussion forums and social media that support collaboration with others from around the world, enriching interaction among participants.
- Two live interactive Google Hangouts on Air and Twitter Chats, in weeks 2 and 4, with international experts, who will engage in a Q&A session on Financing for Development.
- As a final project, you will have a short written assignment if on the General Awareness Track and creation of a Digital Artifact if on the Development Specialist Track.
If you successfully complete the course requirements, you will receive a Coursera Certificate. Course requirements include gaining a cumulative score of 45 out of 60 points for the relevant required assignments if on the General Awareness Track and 65 out of 85 points if on the Development Specialist Track. The core resources and assignments will take around three to five hours per week to complete if on the General Awareness Track, and two to three hours longer if on the Development Specialist Track. More details will be provided after the course begins.
You can also go much further than this, engaging in networking, discussion fora and diving deeper into our rich selection of additional resources. We also will use e-discussions, the Google Hangout and Twitter Chats and other tools to facilitate dialogue between the learners and experts.
1. How do I register for this MOOC?
2. How will I know that I have successfully registered for this course?
3. When does the course begin?
- As soon as you enroll in the course, you will receive a popup message as illustrated below. You will also receive a welcome email along with a link to a pre-course survey (the survey will be used to help further tailor the course to the interests of participants). You will receive another email two weeks before the course begins.
The next time you log into Coursera, you will see a “YOUR COURSES” section with the Financing for Development course on the list.
The official start date for the course is: November 16, 2015. The course is open for enrollment in advance even though the course site will only open on the start date.
4. What language is the course available in?
The course is presented and closed captioned in English. Click the “cc” button on the video to view captions. English proficiency is highly recommended for an optimal learning experience.
5. What is the format of the course?
The course is offered over a four-week period covering the following themes:
6. How can I get the most out of the course?
Week 1: Introduction to financing for development
Week 2: Public finance
Week 3: Private and Commercial finance
Week 4: Multilateral development banks, other multilaterals, and wrap-up
To get the most out of this course, you must be an active learner. Access the lessons as often as possible. Review the videos and core readings, and complete the quizzes and peer assignments! It is also a great idea to engage with other participants through the discussion forums, meet-ups or social media channels aligned with the course. Applying what you learn through the final project or other assignments will also be vital to your learning.
7. Will I get a certificate after completing this course?
Yes. If you successfully complete the course requirements, you will receive a Coursera Certificate. Course requirements include gaining a cumulative 45 of 60 points in the relevant assignments for the General Awareness Track. You will receive a Certificate if you score 65 or higher out of 85 points for the Development Specialist Track. These assignments will take around three-five hours per week to complete for the General Awareness Track , about 2-3 hours longer for the Development Specialist Track. More details will be provided after the course begins.
8. Do I have to do the assignments and quizzes?
No. If you are not concerned about formally completing the course and receiving a Certificate, you can dip in and out of the course, make connections with others, and learn some new things. You are more than welcome to do this in whatever way makes the most sense for you.
9. How long will the course site be available?
The course will be available on the published start date, November 16, 2015, and will run for four weeks. Thereafter, the course site will be available to review for twelve additional months.
10. What are the technical requirements to participate in this MOOC?
Since our MOOC offers a rich multimedia experience, a dial-up Internet connection will probably not be fast enough to provide a satisfactory experience. We recommend that you connect via a high-speed broadband Internet connection with a minimum speed of 512 kbps.
Windows XP and higher or Mac OS version 10.5 or higher. Other system requirements include:
- Monitor resolution of 1024x768 and a display of 256 colors from a palette of 262, 144 colors (16 bits or greater).
- Audio speakers or headphones.
- Adobe Flash Player V7 and above (for .flv and .swf files). Click here to download the Adobe Flash Player.
- Adobe Reader 5 and above (for .pdf files). Click here to download Adobe Reader.
- Last 2 latest versions of Internet Explorer, Firefox, Chrome and Safari.
- Disable pop-up blocking for http://www.coursera.org.
You will also be invited to use some free services, such as Twitter and Google+, to discuss and share your work. While the recommended web spaces are free to use, most will require registering with a valid email address. Communicate and share resources via Twitter using the course hashtag #Fin4DevMOOC
. Sign up for a free account at http://twitter.com
. More details will be provided when the course begins.
You can find some tips to troubleshoot technical problems from Coursera here
Please send us an email with your question: firstname.lastname@example.org