Bangladesh: Technical Assistance Report-Ministry of Finance Macroeconomic Framework Technical Assistance: Scoping Mission Report
Technical Assistance Reports, May 31, 2024
Source details
- Canonical URL
- Bangladesh: Technical Assistance Report-Ministry of Finance Macroeconomic Framework Technical Assistance: Scoping Mission Report
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Bibliographic details
- Published: May 31, 2024
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798400277313.019
Summary and objective
- Presents outcomes of the scoping mission of a new TA project to build capacity in macroeconomic forecasting and policy analysis in the Finance Division (FD) of the Bangladesh Ministry of Finance (MoF).
- FD requested Macroeconomic Framework Technical Assistance from ICD and SARTTAC to enhance their Medium-term Macroeconomic Framework.
- A scoping mission was held in Dhaka in January 2023 to diagnose the FD’s current forecasting and policy analysis systems and to agree on a multi-year action plan.
- The project action plan centers on customization of the Macroframework Foundations Tool (MFT) to address limitations in the FD’s current approach.
Scoping mission findings (as described)
- Diagnostic focus: current forecasting and policy analysis systems of the FD.
- Outcome: agreement on a multi-year action plan for capacity building and tool customization.
- Core technical response: customization and deployment of the Macroframework Foundations Tool (MFT).
Project action plan and tools
- Central element: customization of the Macroframework Foundations Tool (MFT).
- Purpose of MFT: support the FD in overcoming limitations in their current medium-term macroeconomic framework and analytical approach.
Thematic coverage and keywords
- Subjects: Budget execution and treasury management; Budget planning and preparation; Debt sustainability analysis; External debt; Fiscal policy; International organization; Macro-fiscal framework; Monetary policy; Public financial management (PFM).
- Keywords: Budget execution and treasury management; Budget planning and preparation; Debt sustainability analysis; Global; IMF mission team; Macro-fiscal framework; MEW staff; MOF cooperation; MOF Finance Division; staff cohort.