The SBV, with IMF support, developed a functioning FPAS to support monetary policy making and communications. During 2019-24, the multi-phase TA project built SBV’s analytical capacity, customized a Quarterly Projection Model, and worked towards integrating forecasts into policy processes. The FPAS is currently operational. Further steps to formally and fully integrate it into decision-making are recommended, including continued staff engagement and implementation of regular quarterly projection cycles.