Bangladesh: Technical Assistance Report-Residential Property Price Index Mission
IMF Staff Country Reports, August 7, 2023
Source details
- Canonical URL
- Bangladesh: Technical Assistance Report-Residential Property Price Index Mission
Other formats
Bibliographic details
- Published: August 7, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400249334.002
Mission objective and scope
- Technical assistance mission to support compilation of a residential property price index (RPPI) for Bangladesh, focusing on Dhaka.
- Report publication date: August 7, 2023.
- Publication series: IMF Staff Country Reports, Country Report No. 2023/302.
- Pages: 20; Volume: 2023; Issue: 302; DOI: https://doi.org/10.5089/9798400249334.002; Stock No: 1BGDEA2023002; ISBN: 9798400249334; ISSN: 1934-7685.
Key findings
- Authorities should compile an experimental RPPI for Dhaka using a single preferred method that follows international best practice.
- Bangladesh Bank (BB) should implement recommended improvements to the compilation methods for the experimental RPPI.
- BB should consider publishing the experimental RPPI on their website along with the sub-indices for the four regional strata.
- The response rate has been low for the new reporting template.
- Identified impediments to data collection include:
- The voluntary nature of the pilot survey.
- The staff resources assigned in BB.
- The additional variables collected on the new reporting template can be used to improve stratification and model specification.
Policy recommendations and implementation actions
- Compile an experimental RPPI for Dhaka using one preferred international-best-practice method.
- Implement the recommended improvements to compilation methods at Bangladesh Bank.
- Publish the experimental RPPI and sub-indices for the four regional strata on the BB website.
- Make the new reporting template mandatory (to address low response rates).
- Provide additional human resources to the RPPI team for:
- Data collection.
- Respondent management.
- Data cleaning.
- Use additional variables collected on the new reporting template to refine stratification and model specification.
Stakeholders and thematic coverage
- Primary implementing agency: Bangladesh Bank (BB).
- RPPI team and BB staff identified as requiring additional human capital.
- Thematic subjects covered: Data collection, Economic and financial statistics, Financial institutions, Human capital, Labor, Land prices, Monetary policy, Nonbank financial institutions, Price indexes, Prices, International organization.
Source: Bangladesh: Technical Assistance Report-Residential Property Price Index Mission (IMF Staff Country Reports 2023, 302).
Content in this bundle
- Section I. Detailed Technical Assessment and Recommendations