## Macroeconomic Management in Resource Rich Countries

## Source details

**Canonical URL:** [Macroeconomic Management in Resource Rich Countries](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2024/mrcat24-03)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/at/2024/mrcat24-03/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/at/2024/mrcat24-03/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/at/2024/mrcat24-03/bundle-manifest.json)

## Bibliographic details
- Session: AT 24.03
- Location: Ebene, Mauritius
- Dates: February 12-23, 2024 (2 weeks)
- Delivery method: Blended Training
- Primary language: English
- Interpretation language: French Portuguese
- Status: Deadline passed

---

### Training Program and Session Details
- Session No.: AT 24.03
- Location: Ebene, Mauritius
- Date: February 12-23, 2024 (2 weeks)
- Delivery Method: Blended Training
- Primary Language: English
- Interpretation Language: French Portuguese
- Deadline passed

### 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 and Preparatory Requirements
- 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.

### Course Description
- 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.

### 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.

---


## References

- [Blended Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)
- [Fiscal Sustainability (FS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fsce26-38)
- [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/sacat26-30)
- [Macroeconomic Management in Resource Rich Countries (MRC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/mrcce26-44)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2024/mrcat24-03_