Macroeconomic Management in Resource Rich Countries

Source details

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).

Participants are expected to have an advanced degree in economics or equivalent experience.
Proficiency in the use of Microsoft Excel is required.
It is strongly recommended that applicants first complete the online Macroeconomic Management in Resource-Rich Countries (MRCx) course.
Participants will be required to complete an online foundational module (about 5-hours of self-paced learning), supported by virtual office hours with counselors.

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

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.