Macroeconomic Management in Resource-Rich Countries
Learn essential macroeconomic policies and challenges for resource-rich nations through IMF's comprehensive analysis of global case studies.
Learn essential macroeconomic policies and challenges for resource-rich nations through IMF's comprehensive analysis of global case studies.
This comprehensive course explores macroeconomic policy challenges in resource-rich countries (RRCs), focusing on managing natural resources like oil, gas, and minerals. Led by IMF experts, it analyzes how these resources impact economic growth and exports while addressing critical challenges such as resource depletion and price volatility. The course examines diverse case studies from Africa, Central Asia, Latin America, and the Middle East, offering practical insights for policy implementation. Students learn to evaluate fiscal frameworks, apply benchmarks, and develop strategies for sovereign wealth funds. The program emphasizes real-world applications through interactive tools and exercises, enabling participants to analyze and address policy challenges specific to their countries.
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What you'll learn
Assess economic performance differences between resource-rich and other countries
Design appropriate fiscal frameworks for resource-rich nations
Implement fiscal benchmarks and rules for natural resource revenue management
Develop strategies for sovereign wealth fund management
Formulate policy responses to commodity price fluctuations
Enhance fiscal transparency in resource-rich environments
Skills you'll gain
This course includes:
PreRecorded video
Graded assignments, exams
Access on Mobile, Tablet, Desktop
Limited Access access
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Module Description
This course provides comprehensive coverage of macroeconomic management in resource-rich countries. Topics include economic performance analysis, fiscal regime design, resource revenue management, sovereign wealth funds, commodity price shock responses, and fiscal transparency principles. The curriculum combines theoretical frameworks with practical applications, featuring case studies from various regions and interactive learning tools for real-world policy analysis.
Fee Structure
Instructors
5 Courses
Leading Expert in Economic Development and Fiscal Policy
Maksym Ivanyna is a Senior Economist at the International Monetary Fund, where he specializes in applied macroeconomics, sustainable development, fiscal policy, governance, and climate change. His research has made significant contributions to understanding the relationships between corruption, economic growth, and public finance. He holds PhD degrees from both Michigan State University and the University of Regensburg. His influential work includes studies on decentralization and corruption, tax revenue performance in developing countries, and governance for inclusive growth. Ivanyna has published extensively in prestigious journals, with his research being cited over 1,000 times. His recent work focuses on climate action and inclusive growth strategies, including publications on the economic impacts of climate change and governance reforms. He has collaborated with various international organizations and contributed to policy development through his work on fiscal policy, corruption prevention, and economic resilience. His expertise spans multiple areas of economic development, from tax competition and governmental efficiency to climate change economics and structural reforms in emerging markets.
1 Course
Distinguished Energy Policy Expert and Climate Finance Leader
Diego Mesa Puyo serves as Deputy Head of the Climate Policy Division at the International Monetary Fund, where he has established himself as a global leader in energy transition and extractive industries policy. After earning his MA in Economics from McGill University and becoming a CFA charterholder in 2012, he has built an extraordinary career spanning public service, international finance, and energy policy. His journey includes serving as Colombia's Minister of Energy and Mines (2020-2022), where he led the country's energy transition, increasing renewable energy share from 1% to 12%. Prior to his ministerial role, he spent six years at the IMF (2013-2018) leading technical assistance missions across Asia, Africa, Europe, and Latin America on fiscal matters related to extractive industries. His earlier experience includes managing roles at PricewaterhouseCoopers in Canada, focusing on economic consulting and financial analysis. Through his current role at the IMF and position as Distinguished Visiting Fellow at Columbia University's Center on Global Energy Policy, he continues to shape global energy and climate policy while maintaining expertise in fiscal regime design for extractive industries.
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