Examination Structure

The Institute of Chartered Development Finance Analysts (ICDFA) conducts professional examinations designed to train and certify Development Finance practitioners and serves as the main pathway to becoming a recognized Chartered Development Finance Analyst, which is made up of three levels.

Foundation Stage

1. Development Finance and the Financial System
2. Financial and Quantitative Analysis for Decision-making
3. Law and Financial Services Regulations
4. Trade Finance
5. Corporate Finance
6. Public Sector Finance

Professional Stage 1

1. Non-Interest Banking and Investment
2. Project Finance and Management
3. Green and Sustainable Finance
4. International Finance for Development

Professional Stage 2 

1. Integrated Project, Entrepreneurship and SME Credit Analysis
2. Impact Investing and Blended Finance
3. Leadership, Stakeholders Engagement and Sustainability
4. Program Management and Practice

EXAMINATION PERIOD
Examinations are held twice a year, April, and October. There is no order for the selection of courses for examination registration; candidates are however expected to complete one part or at least be left with one subject before proceeding to the next part.