Macroeconomic management

Macroeconomic policymakers are increasingly focused on how monetary, fiscal and exchange rate policies should be set to manage expected future natural resource revenues. At the same time, government is under pressure to borrow against future resource revenues to finance infrastructure investment. What lessons do the experiences of other recently resource-rich economies offer to help understand the debt management and macroeconomic policymaking challenges presented by large but uncertain natural resource wealth? Is there scope for greater regional macroeconomic policy coordination?