Macroeconomic Management in Resource-Rich Countries

Source details

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.
Qualifications:
- Some knowledge of economics would be helpful.
- Basic Microsoft Excel skills and access to a computer with a reliable internet connection are essential.

The course discusses macroeconomic policy issues and challenges faced by resource-rich countries (RRCs).
It 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, 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.