## 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/ol/2024/mrcxol24-185)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ol/2024/mrcxol24-185/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ol/2024/mrcxol24-185/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ol/2024/mrcxol24-185/bundle-manifest.json)

## Bibliographic details
- Session: OL 24.185
- Location: Course conducted online
- Dates: May 1, 2024 - April 15, 2025 (50 weeks)
- Delivery method: Online Training
- Primary language: English
- Status: Deadline passed

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### Course logistics and prerequisites
- Session No.: OL 24.185
- Location: Course conducted online
- Date: May 1, 2024 - April 15, 2025 (50 weeks)
- Delivery Method: Online Training
- Primary Language: English
- Qualifications:
  - Some knowledge of economics would be helpful.
  - Basic Microsoft Excel skills and access to a computer with a reliable internet connection are essential.

### Target audience
- All government officials are welcome to register.
- Particularly useful for officials from central banks, ministries of finance, and other government agencies involved in the design and execution of policies in resource-rich countries (RRCs).
- The course is offered in English, French, and Russian.

### Course description and institutional delivery
- Presented jointly by the Institute for Capacity Development and the Fiscal Affairs and Statistics Departments.
- The online course discusses macroeconomic policy issues and challenges faced by resource-rich countries (RRCs), covering:
  - Macroeconomics of growth and diversification.
  - Fiscal policy management.
  - Macroeconomic policy coordination.
  - Public-sector asset management in RRCs.

### 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, 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 natural resource management.

### Additional note
- IMF offers online training to government officials and the public.

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## References

- [Online 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/ol/2024/mrcxol24-185_