## Macroeconomic Management in Resource-Rich Countries (MRC)

## Source details

**Canonical URL:** [Macroeconomic Management in Resource-Rich Countries (MRC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2024/mrcce24-10)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ce/2024/mrcce24-10/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ce/2024/mrcce24-10/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ce/2024/mrcce24-10/bundle-manifest.json)

## Bibliographic details
- Session: CE 24.10
- Location: Abu Dhabi, United Arab Emirates
- Dates: April 22, 2024 - May 3, 2024 (2 weeks)
- Delivery method: In-person Training
- Primary language: English
- Interpretation language: Arabic
- Status: Deadline passed

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### Program details
- Session No.: CE 24.10
- Location: Abu Dhabi, United Arab Emirates
- Date: April 22, 2024 - May 3, 2024 (2 weeks)
- Deadline passed
- Delivery Method: In-person Training
- Primary Language: English
- Interpretation Language: Arabic

### Target audience and qualifications
- 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 and be proficient in the use of Microsoft Excel.
  - It is strongly recommended that applicants first complete the online Macroeconomic Management in Resource-Rich Countries (MRCx) course.

### Course description
- Focus:
  - Macroeconomic policy issues and challenges faced by resource-rich countries (RRCs).
- Content and methods:
  - Macroeconomics of growth and diversification.
  - Fiscal policy management.
  - Macroeconomic policy coordination.
  - Public-sector asset management in RRCs.
  - Incorporates lectures, hands-on workshops, debates, and case studies.

### 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, 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.

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## References

- [In-person 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/ce/2024/mrcce24-10_