Macroeconomic Management in Resource-Rich Countries

Source details

Session No.: OL 24.184
Location: Course conducted online
Date: May 1, 2024 - April 15, 2025 (50 weeks)
Delivery Method: Online Training
Deadline passed
Primary Language: Russian
Course is offered in English, French, and Russian
Qualifications: Some knowledge of economics would be helpful. Basic Microsoft Excel skills and access to a computer with a reliable internet connection are essential.

All government officials are welcome to register.
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).

Presented jointly by the Institute for Capacity Development and the Fiscal Affairs and Statistics Departments.
Discusses macroeconomic policy issues and challenges faced by resource-rich countries (RRCs).
Provides participants with an understanding of:
- the macroeconomics of growth and diversification,
- fiscal policy management,
- macroeconomic policy coordination,
- public-sector asset management in RRCs.

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.