Bangladesh: Technical Assistance on Developing a Forecasting and Policy Analysis System (FPAS) at the Bangladesh Bank.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Institute for Capacity Development.

Series:

High-Level Summary Technical Assistance Reports; High Level Summary Technical Assistance Report ; No. 2026/034

High-Level Summary Technical Assistance Reports

Language:

English

Physical Description:

1 online resource (4 pages)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2026.

Summary:

The Bangladesh Bank (BB), with IMF support, has made significant progress in developing a modern Forecasting and Policy Analysis System (FPAS). During 2021–25, Phase I of the technical assistance (TA) project focused on building staff capacity and establishing core analytical tools, including a Bangladesh-tailored Quarterly Projection Model (QPM), alongside initial steps toward integrating these tools into policy processes. Phase I successfully laid the technical foundations for forward-looking monetary policy analysis. Further progress will require strengthening institutional arrangements to fully embed FPAS into decision-making, including reinforcing the Forecasting Team, implementing regular forecast cycles, and enhancing the use of model-based narratives in policy deliberations and communication.

Notes:

Description based on print version record.

ISBN:

9798229050968