Macroeconomic Frameworks - Fiscal Year 2026
Algeria
Macroeconomic Frameworks
The mission team focused on further developing and operationalizing the Forecasting and Policy Analysis System (FPAS) at the Bank of Algeria (BA) during 19-30 October. The foreign sector of the BA’s Quarterly Projection Model (QPM) and real exchange rate concept were extended to effective terms. To further enrich internal communications, disseminate analytical work and gather timely feedback, the team supported BA staff in presenting the latest model extension and real-time forecasts within an interdepartmental meeting.
Egypt
Macroeconomic Frameworks (June 15-26)
This was the second in a series of technical assistance (TA) missions to assist the Central Bank of Egypt (CBE) in upgrading its Forecasting and Policy Analysis System (FPAS), including modernizing the CBE’s short-term forecasting tools and Quarterly Projection Model (QPM). The mission expanded the QPM with CPI disaggregation, introduced additional nowcasting models, and estimated the QPM parameters with Bayesian techniques.
