Connect with IMF Institute

Macroeconomic Management in Resource-Rich Countries (MRC)

f Macroeconomic Management in Resource-Rich Countries

This course, presented by the Institute for Capacity Development, 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).

    Back to top

    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.

    Back to top

    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, 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.
       
    Back to top

    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.
    Back to top

    Upcoming Offering

    Start date End date Location Session No. Primary & (Interpretation) language Apply
    November 30, 2020 December 11, 2020 Vienna, Austria JV 20.37V English (Russian) Deadline passed
    February 22, 2021 March 5, 2021 Ebene, Mauritius AT 21.02V English (French) Apply online by January 15, 2021
    March 22, 2021 April 1, 2021 Kuwait City, Kuwait CE 21.04V English (Arabic) Apply online by February 12, 2021
    March 22, 2021 April 2, 2021 Ebene, Mauritius OT 21.303V English (French) Apply online by February 12, 2021
    November 29, 2021 December 10, 2021 Vienna, Austria JV 21.38 English (Russian) Apply online by September 6, 2021
    Back to top

    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and public. Click Learn more to find our current offerings.