Macroeconomic Management in Resource Rich Countries (MRC)

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Deadline for the application has passed.
Course No.: CE 19.09
Location: Kuwait City, Kuwait
Date: March 3, 2019-March 14, 2019 (2 Weeks)
Language: English (Arabic)

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).


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, 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.

Important Note for Online Courses:

For Online Learning (OL) courses, which are delivered through the edX platform, you will need an additional piece of information to register: you will be prompted for your edX.org username. If you do not already have a username, please go to https://courses.edx.org/register and sign up for a free account. Once you have created an account, you may complete the IMF Institute application. If you already have an edX account, your username can be found on the top right of the screen after logging in.

Important Note for Internal Economics Training Courses:

Internal Economics Training (IT) courses are self-financed. The IMF will not charge officials for attending courses. However, all travel, insurance, hotel, and living costs will need to be covered by the agency sponsoring the participants.