Macroeconomic Management in Resource-Rich Countries

Connect with IMF Institute

Macroeconomic Management in Resource-Rich Countries (MRC)

f Macroeconomic Management in Resource-Rich Countries

This course discusses macroeconomic policy issues and challenges faced by RRCs. The course provides participants with an understanding of: the macroeconomics of growth and diversification, fiscal policy management, macroeconomic policy coordination, and public-sector asset management in RRCs. The course incorporates lectures, hands-on workshops, debates, and case studies.

Read More Topic : Inclusive Growth and Structural Policies

Target Audience

Mid-level to senior officials from central banks, ministries of finance, and other government agencies tasked with the design and execution of policies in resource-rich countries (RRCs).

Qualifications

Participants are expected to have an advanced degree in economics or equivalent experience and be proficient in the use of Microsoft Excel. It is strongly recommended that applicants first complete the online Macroeconomic Management in Resource-Rich Countries (MRCx) course.

Course Objectives

Upon completion of this course, participants should be able to:

Analyze economic performance in resource-rich countries, including in terms of growth, inclusiveness, diversification, and sustainability.
Design appropriate fiscal frameworks, applying suitable fiscal benchmarks to determine whether to consume, save, and/or invest the proceeds from the sale of natural resources.
Identify the appropriate macroeconomic policy responses to commodity price shocks.
Design policies to promote transparency in the management of natural resources, including in terms of the appropriate institutional structures for sovereign wealth funds.

Syllabus

This course, presented by the IMF’s Institute for Capacity Development, focuses on macroeconomic policy issues and challenges faced by resource-rich countries (RRCs). The course provides participants with an understanding of: the macroeconomics of growth and diversification; managing fiscal policy; macroeconomic policy coordination; and managing public-sector assets; in RRCs. The course uses lectures, hands-on workshops, debates, case studies, and various online modules to achieve the following objectives.

Course Structure and Standard Syllabus

Upcoming Offering

Start date	End date	Location	Delivery Method	Session No.	Primary & (Interpretation) language	Apply
September 25, 2023	October 6, 2023	Vienna, Austria	In-person Training	JV 23.27	English (Russian)	Apply online by July 2, 2023

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

Training Catalog Course Details