This technical assistance (TA) report presents the outcomes of the scoping mission of a new TA project aimed at building capacity in macroeconomic forecasting and policy analysis in the Finance Division (FD) of the Bangladesh Ministry of Finance (MoF). The FD has sought Macroeconomic Framework Technical Assistance from ICD and SARTTAC to support them in enhancing 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 is centered around the customization of the Macroframework Foundations Tool (MFT), which will support the FD in overcoming limitations in their current approach.
- Format
- Paper
- Frequency
- regular
- ISBN
- 9798400277313
- ISSN
- 3005-4575
- Pages
- 42
- Published in
- United States of America
- StockNumber
- TAREA2024047
Table of Contents
- ACRONYMS AND ABBREVIATIONS 4
- PREFACE 5
- EXECUTIVE SUMMARY 6
- SECTION I. BACKGROUND: GENESIS OF THE CD PROJECT 7
- A. The Macroeconomic Context of Bangladesh 7
- B. The TA Request of the Authorities 7
- C. Integration With Surveillance and Program Priorities 8
- SECTION II. SCOPING MISSION FINDINGS AND ASSESSMENT 9
- A. Introduction 9
- B. Institutional Setup of the TA Beneficiary Departments 9
- The Macroeconomic Wing (MEW) of the MOF Finance Division Overview 9
- The Medium-Term Macroeconomic Framework (MTMF) 9
- The Other Remits and Outputs of the MEW 12
- Other Related Wings of the MOF Finance Division 13
- C. Intra and Inter-Agency Cooperation 14
- Intra-MOF Cooperation 14
- Inter-Agency Cooperation 14
- D. Existing Human and Material Resources 15
- Staff Sizes, Availability and Turnover 15
- Skills Capacity of Staff 16
- Material Resources and Software 16
- E. Tools and Macroeconomic Frameworks 17
- Existing Tools and Macroeconomic Frameworks 17
- Corresponding TA Projects and Tools Under Development 18
- F. Data, Data Management and Other Inputs 19
- Data and Input Quality 19
- Data Management 20
- G. Needs Assessment: Summary 20
- SECTION III. PROPOSED ACTION PLAN 22
- A. Introduction 22
- B. Principal Objectives, Axes and Delivery Schedule of the Action Plan 22
- C. Core Team and Technical Assistance Modalities 23
- D. Proposed Macroeconomic Framework Tool 24
- E. Coordination with Other TA Projects 27
- F. Risks and Mitigation 28
- Annex A: Resuls Framework 33
- Annex B: Core Group and Supporting Professional Staff 37
- Annex C: Scoping Mission Meeting Agenda 38
- Annex D: Overview of Comprehensive Adaptive Expectations Model 41
