Bangladesh: Technical Assistance Report-Residential Property Price Index Mission

Author: International Monetary Fund. Statistics Dept.

Volume/Issue: Volume 2023 Issue 302

Publication date: August 2023

ISBN: 9798400249334

$20.00

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Topics covered in this book

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Labor , Economics- Macroeconomics , Money and Monetary Policy , International - Economics , staff team of the International Monetary Fund , RPPI team , report on Residential Property Price Index , headline RPPI , BB staff , IMF executive directors , Land prices , Price indexes , Data collection , Nonbank financial institutions , Human capital

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Summary

A technical assistance mission was conducted from February 26 to March 2, 2023, to assist the Bangladesh Bank with the ongoing development of a Residential Property Price Index (RPPI). The mission was funded by the Data for Decisions (D4D) Fund. A previous RPPI mission visited Bangladesh in December 2019 and the Bangladesh Bank have been working on developing the RPPI since 2017. The mission completed the following tasks: (i) increased the capacity and knowledge of staff on the methods for RPPI compilation, (ii) conducted an analysis of existing and potential data sources for property price statistics, (iii) identified improvements to the existing compilation methods, (iv) identified impediments to the implementation of the new reporting template for financial institutions and non-banks, and (v) recommended further improvements in the medium to long-term.