Virtual : Macroeconomic Management in Resource-Rich Countries (MRC)
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- Virtual : Macroeconomic Management in Resource-Rich Countries (MRC)
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Bibliographic details
- Session: AT 21.26V
- Location: Ebene, Mauritius
- Dates: October 4-15, 2021 (2 weeks)
- Delivery method: Virtual Training
- Primary language: English
- Interpretation language: French Portuguese
- Status: Deadline passed
Training program overview
- Presented by the Institute for Capacity Development.
- Focus: macroeconomic policy issues and challenges faced by resource-rich countries (RRCs).
- Pedagogy: lectures, hands-on workshops, debates, and case studies.
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 and prerequisites
- Expected background: an advanced degree in economics or equivalent experience.
- Technical skills: proficiency in the use of Microsoft Excel.
- Recommendation: applicants are strongly recommended to first complete the online Macroeconomic Management in Resource-Rich Countries (MRCx) course.
Course content and learning focus
- Macroeconomics of growth and diversification in resource-rich countries.
- Fiscal policy management tailored to resource revenues.
- Macroeconomic policy coordination in the context of resource dependence.
- Public-sector asset management in resource-rich settings.
Course objectives (learning outcomes)
Upon completion of the 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.