Macroeconomic Management in Resource Rich Countries (MRC)

Source details

Training Program focused on macroeconomic policy issues and challenges faced by resource-rich countries (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 and be proficient in the use of Microsoft Excel.

The course discusses macroeconomic policy issues and challenges faced by 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, and/or invest the proceeds from the sale of natural resources.
- Identify the appropriate macroeconomic policy responses to commodity price shocks.