Cover Technical Assistance Reports
Buy Book in Print
Angola: Technical Assistance Report-Strengthening the Forecasting and Policy Analysis System on the Transition to Inflation Targeting
Author:
International Monetary Fund. Monetary and Capital Markets Department
Search for other papers by International Monetary Fund. Monetary and Capital Markets Department in
Current site
Google Scholar Close
Series:
Technical Assistance Reports
Volume/Issue:
Volume 2025: Issue 020
Language:
English
Publication Date:
21 Feb 2025
DOI:
https://doi.org/10.5089/9798229002486.019
ISBN:
9798229002486
ISSN:
3005-4575
Pages:
29
Keywords:
Monetary Policy; Quarterly Projection Model; Forecasting and Policy Analysis System; Inflation Targeting; Fiscal Channels; Angola.; Department mission; BNA authority; South representative; IMF AFRITAC; BNA official; IMF's Monetary; Inflation; Exchange rates; Fiscal stance; Return on investment; Global
Download PDF (3.9 MB) Download Epub
At the request of the Banco Nacional de Angola (BNA), a technical assistance (TA) mission from the Monetary and Capital Markets (MCM) Department visited Luanda, Angola from May 20 to May 24, 2024. The mission helped the authorities review its forecasting and policy analysis system (FPAS), proposed enhancements to modeling and forecasting procedures, and introduced fiscal channels into the core forecasting model to better characterize the dynamics of the Angolan economy. The mission concluded that while the BNA had made impressive progress in improving its FPAS in recent years, the current system only partially met the conditions for inflation targeting. Recommendations were made to facilitate the transition to full inflation targeting and enhance analytical capacity. Further progress is needed in using FPAS models for forecasting, policy advising, and improving monetary policy communication.
  • Collapse
  • Expand
Cover Technical Assistance Reports
Technical Assistance Reports
ISSN:
3005-4575
Publisher:
International Monetary Fund