Macroeconomic Management in Resource Rich Countries

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 the management of natural resources, including in terms of the appropriate institutional structures for sovereign wealth funds.