Browsing: Macroeconomic modeling in Africa

• African countries continue to grapple with substantial capacity gaps in macroeconomic modeling, a new report by AfDB shows.
• The findings underscore the need for further enhancement in macroeconomic modeling capabilities across African economies.
• The report offers insights into the models and modeling capacities present in roughly 31 out of 54 African states.

Despite notable progress in forecasting, analysis, and effective policy management, a recent study by the African Development Bank (AfDB) Group reveals that African countries continue to grapple with substantial capacity gaps in macroeconomic modeling.

Titled “Benchmark Macroeconomic Models for Effective Policy Management in Africa,” the report was unveiled in Addis Ababa, Ethiopian, on 18 November. The launch took place alongside the African Economic Conference 2023 and was conducted by the AfDB Group. The findings underscore the need for further enhancement in macroeconomic modeling capabilities across African nations to bolster their ability to formulate and execute effective policies.

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