The International Monetary Fund has published a technical assistance report on two 2023 missions to the National Bank of the Kyrgyz Republic, finding the central bank’s core macroeconomic projection tool broadly adequate for its inflation-targeting framework, noting only marginal forecast accuracy gains from recalibration, and highlighting a new forecast quality monitoring tool integrated into the system to track errors and provide early warnings, while recommending continued human resource development and retention of expertise.
International Monetary Fund publishes review finding Kyrgyz central bank projection model broadly adequate with new forecast monitoring tool
The International Monetary Fund published a technical assistance report on two 2023 missions to the National Bank of the Kyrgyz Republic, finding the central bank’s core macroeconomic projection tool broadly adequate for its inflation-targeting framework and noting only marginal forecast accuracy gains from recalibration. The report highlights a new forecast quality monitoring tool to track errors and provide early warnings, and recommends continued human resource development and retention of expertise.