Macroeconomic Management in Resource-Rich Countries (MRC)
This course discusses macroeconomic policy issues and challenges faced by RRCs. The course provides participants with an understanding of: the macroeconomics of growth and diversification, fiscal policy management, macroeconomic policy coordination, and public-sector asset management in RRCs. The course 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. It is recommended that applicants first complete the online Macroeconomic Management in Resource-Rich Countries (MRCx) course.
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.
Syllabus
Upcoming Offering
| Start date | End date | Location | Delivery Method | Session No. | Primary & (Interpretation) language | Apply |
|---|---|---|---|---|---|---|
| March 3, 2025 | March 14, 2025 | Ebene, Mauritius | In-person Training | AT 25.07 | English (French, Portuguese) | Apply online by January 17, 2025 |
| April 21, 2025 | May 2, 2025 | Abu Dhabi, United Arab Emirates | In-person Training | CE 25.12 | English (Arabic) | Apply online by March 14, 2025 |
| September 22, 2025 | October 3, 2025 | Vienna, Austria | In-person Training | JV 25.30 | English (Russian) | Apply online by May 26, 2025 |
Institutional Sector Accounts (ISA)
English | December 9-13, 2024 | In-person Training | New Delhi, India
Apply online by November 5, 2024
Central Bank Digital Currency - Initial Considerations (CBDC)
English (Arabic) | January 5-9, 2025 | In-person Training | Kuwait City, Kuwait
Apply online by November 7, 2024
Effective Policy Communication Blended
English (English) | January 20-24, 2025 | Blended Training | Singapore, Singapore
Apply online by November 8, 2024
Strengthening Revenue Administration for Gender Equality
English | December 9-11, 2024 | In-person Training | New Delhi, India
Apply online by November 9, 2024
Government Finance Statistics - Advanced (GFS-A)
English | February 10-21, 2025 | In-person Training | Singapore, Singapore
Apply online by November 10, 2024