Macroeconomic Management in Resource-Rich Countries

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Macroeconomic Management in Resource-Rich Countries (MRCx)

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Session No.: OL 21.155

Location: Course conducted online

Date: September 1, 2021 - April 15, 2022 (33 weeks)

Primary Language: Russian

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.

Qualifications

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

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, fiscal policy management, macroeconomic policy coordination, and public-sector asset management in RRCs.

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 natural resource management.

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