This Technical Assistance Report discusses recommendations for improving GDP forecasting in Uganda. GDP forecasting, ranging from a quarterly to a five-year horizon, must be improved using the tools that are now available at the Ministry of Finance, Planning and Economic Development (MoFPED)....

The NBRB has made substantial progress in improving its forecasting and policy analysis system (FPAS) and integrating it into monetary policy decision-making. The FPAS, and the model-based forecasts and policy analysis, is now well integrated into the policy-making process. Staff are well...

The purpose of the mission was to improve the understanding of the conduct of monetary policy in an inflation targeting (IT) central bank. During the September visit, the mission provided capacity building through daily morning seminars, giving an introduction to modern theory of monetary policy...