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Macroeconomic Management in Resource-Rich Countries

Macroeconomic Management in Resource-Rich Countries (MRCx)

Apply online by March 19, 2021

Session No.: OL 20.130

Location: Course conducted online

Date: September 1, 2020 - April 30, 2021 (35 weeks)

Primary Language: English

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    Target Audience

    All government officials are welcome to register. The course is particularly useful for officials from central banks, ministries of finance, and other government agencies involved in the design and execution of policies in resource-rich countries (RRCs). The course is offered in English and French.

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    Qualifications

    Some knowledge of economics would be helpful. Basic Microsoft Excel skills and access to a computer with a reliable Internet connection are essential.

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    Course Description

    This online course, presented jointly by the Institute for Capacity Development and the Fiscal Affairs and Statistics Departments, discusses macroeconomic policy issues and challenges faced by 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.

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    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.
    • Assess the pros and cons of policies to promote diversity and transparency in the management of natural resources.
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