Macroeconomic Management in Resource Rich Countries (MRC)
Apply online by May 30, 2025
Session No.: AT 25.27
Location: Ebene, Mauritius New location
Date: July 7-18, 2025 (2 weeks)
Delivery Method: Blended Training
Primary Language: English
Interpretation Language: French Portuguese
Apply NowTarget 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 Description
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.
- This is a blended course that is offered in two phases, virtually and in-person. The virtual part of the course will be offered during June 23 - July 4, 2025, and the in-person part of the course will be held from July 7-18, 2025, at the Africa Training Institute, Ebène, Mauritius. During the virtual component of the course, participants will complete an online foundational module (about 4 hours of self-paced learning), supported by virtual office hours with the counselors before the in-person sessions start.
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.
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