Macroeconomic Management in Resource-Rich Countries (MRC)
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- Macroeconomic Management in Resource-Rich Countries (MRC)
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Bibliographic details
- Published: July 31, 2024
Upcoming offerings
| Start date | End date | Location | Delivery Method | Session No. | Primary & (Interpretation) language | Apply |
|---|---|---|---|---|---|---|
| December 7, 2026 | December 18, 2026 | Abu Dhabi, United Arab Emirates | In-person Training | CE 26.44 | English (Arabic) | [Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=CE26.44E) by August 24, 2026 |
| January 11, 2027 | February 12, 2027 | Ebene, Mauritius | Blended Training | AT 27.01 | English (French, Portuguese) | [Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=CE26.44E) by December 4, 2026 |
Overview
- Training Program Course presented by the IMF’s Institute for Capacity Development.
- Focuses on macroeconomic policy issues and challenges faced by resource-rich countries (RRCs).
- Provides understanding of the macroeconomics of growth and diversification, fiscal policy management, macroeconomic policy coordination, and public-sector asset management in RRCs.
- Incorporates 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
- Participants are expected to have an advanced degree in economics or equivalent experience.
- Participants are expected to be proficient in the use of Microsoft Excel.
- It is recommended that applicants first complete the online Macroeconomic Management in Resource-Rich Countries (MRCx) course.
Course Objectives
- 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.
Syllabus and Course Structure
- Focus areas: macroeconomics of growth and diversification; managing fiscal policy; macroeconomic policy coordination; managing public-sector assets in RRCs.
- Teaching methods: lectures, hands-on workshops, debates, case studies, and various online modules.
- The course structure follows a standard syllabus presented by the IMF’s Institute for Capacity Development.