Macroeconomic Management in Resource Rich Countries (MRC)
Deadline passed
Session No.: JV 19.04
Location: Vienna, Austria
Date: February 11-22, 2019 (2 weeks)
Primary Language: English
Interpretation Language: Russian
Target Audience
Qualifications
Course Description
This course, presented by the IMF Institute for Capacity Development, deals with RRC macroeconomic policy issues. The course incorporates lectures, hands-on workshops, debates, case studies, and online warm-up exercises.
Course Objectives
- Assess how RRC economic performance may differ from that of other countries in terms, e.g., of growth, inclusive growth, political economy, resource curse, economic diversification, and Dutch disease.
- Apply simple fiscal benchmarks to determine how much to extract, consume, and save from the sale of natural resources and modalities for savings, such as a sovereign wealth fund.
- Design an effective fiscal framework and regime.
- Identify macroeconomic policy responses to commodity price shocks.
- Assess the extent of transparency in the management of natural resources.
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