Tonga : Technical Assistance Report-Macroeconomic Frameworks Technical Assistance (TA) on Developing a Forecasting and Policy Analysis System (FPAS) at the National Reserve Bank of Tonga (NRBT).

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Institute for Capacity Development.

Series:

Technical Assistance Reports; Technical Assistance Report ; No. 2025/099

Technical Assistance Reports

Language:

English

Physical Description:

1 online resource (20 pages)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2025.

Summary:

This technical assistance (TA) report presents the outcomes of the multi-year National Reserve Bank of Tonga (NRBT) Forecasting and Policy Analysis System (FPAS) TA project, conducted between late-2021 and mid-2025 over a total of eleven missions, five in-person and six virtual. The project focused on building new institutional capacity for model-based policy analysis and macroeconomic forecasting, along its integration into monetary policy processes and external communications. NRBT staff made remarkable progress and built a strong skillset for providing analytical support to policymakers. Model-based work plays an important role in the NRBT internal discussions and represents an important input in forward-looking monetary policy formulation. Recommendations relate to ensuring FPAS work sustainability and further streamlining external communications.

Notes:

Description based on print version record.

ISBN:

9798229032001