Technical Assistance Reports

Botswana: Technical Assistance Report-Enhancing the Forecasting Policy and Analysis System at the Bank of Botswana

February 21, 2025

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International Monetary Fund. Monetary and Capital Markets Department "Botswana: Technical Assistance Report-Enhancing the Forecasting Policy and Analysis System at the Bank of Botswana", Technical Assistance Reports 2025, 018 (2025), accessed February 22, 2025, https://doi.org/10.5089/9798229001175.019

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Summary

At the request of Bank of Botswana, a Technical Assistance mission from the Monetary and Capital Markets (MCM) Department visited Gaborone, Botswana during May 27–31, 2024, to assist the authorities in enhancing their forecasting and policy analysis system (FPAS). The mission assessed and advised on both near-term and medium-term forecasting tools and models currently used by the Bank of Botswana. The mission team helped create a new centralized database and introduced a new flexible platform with a suite of models that expands and complements existing near-term forecasting models. The mission team also improved the medium-term forecasting framework by reviewing model calibration, introducing a fiscal block, and recommending further adjustments.

Subject: Balance of payments, Central bank policy rate, Consumer price indexes, Current account deficits, Economic forecasting, Exchange rate arrangements, Exchange rates, Financial services, Foreign exchange, Inflation, Infrastructure, Interest rate parity, National accounts, Output gap, Prices, Production

Keywords: Botswana., Central bank policy rate, Consumer price indexes, Current account deficits, Data Management, Environment, Exchange rate arrangements, Exchange rates, Forecasting and Policy Analysis System, Inflation, Infrastructure, Interest rate parity, Monetary Policy, Near-term and Medium-term Forecasting Tools, Output gap, Price stabilization

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