Republic of Mozambique: Technical Assistance Report-Walk Through of MPC Process Using Core-QPM
Republic of Mozambique: Technical Assistance Report-Walk Through of MPC Process Using Core-QPM
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Volume/Issue:
Volume 2025
Issue 094
Publication date:
ISBN:
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Banks and Banking , Economics- Macroeconomics , Money and Monetary Policy , Forecasting and Policy Analysis System , FPAS , QPM (core-QPM) , scenario analysis and reporting , conditional forecasting , policy process , core macro model , monetary policy process , enhance staff autonomy , Mozambique , Bank of Mozambique , policy analysis , core-QPM model , IMF publication , Monetary and Capital Markets Department , technical assistance provider , Real exchange rates , Exchange rates , Central bank policy rate , Real interest rates , Output gap
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Summary
The Technical Assistance (TA) mission, from March 31–April 11, 2025, assisted the Bank of Mozambique’s (MB) authorities in building autonomy in the use of the new version of QPM (core-QPM) for Forecasting and Policy Analysis System purposes. The purpose of the mission was to make adjustments to the model and model output, to make it ready for practical use in the policy process. In addition, competence and autonomy on the use, maintenance, and further development of core-QPM for forecasting and policy analysis in the policy process was part of the mission. The commitments of the Mission Team, the Governor, Vice Governor, management, and staff to enhance the MB’s FPAS framework is promising for the seamless implementation of efficient FPAS, and important to ensure further progress in enhancing their analytical-capabilities using core-QPM and satellite models.
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