Macroeconomic Management in Resource-Rich Countries
Source details
- Canonical URL
- Macroeconomic Management in Resource-Rich Countries
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Bibliographic details
- Session: JV 24.29
- Location: Vienna, Austria
- Dates: September 23, 2024 - October 4, 2024 (2 weeks)
- Delivery method: In-person Training
- Primary language: English
- Interpretation language: Russian
- Status: Deadline passed
Training program overview
- Session No.: JV 24.29
- Location: Vienna, Austria
- Date: September 23, 2024 - October 4, 2024 (2 weeks)
- Delivery Method: In-person Training
- Primary Language: English
- Interpretation Language: Russian
- Status: Deadline passed
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.
- Participants are expected to 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 and core content
- The course discusses macroeconomic policy issues and challenges faced by RRCs.
- Instructional methods: lectures, hands-on workshops, debates, and case studies.
- Core subject areas:
- Macroeconomics of growth and diversification.
- Fiscal policy management.
- Macroeconomic policy coordination.
- Public-sector asset management in RRCs.
Course objectives (learning outcomes)
Upon completion of the 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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