Training Program

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
Mid-level to senior officials from central banks, ministries of finance, and other government agencies tasked with 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 Excel.
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
Upon completion of this course, participants should be able to
- 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.
IMF offers online training to government officials and the public. Click Learn more to find our current offerings.
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