• Economic Modelling Department

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Economic Modelling Department

This department is responsible for developing and applying techniques to simulate alternative scenarios of public spending on economic growth and the balance of payments over the medium-to-long term.

Our role and responsibilities

  • Identify the impact of economic growth on key economic sectors of the economy
  • Develop analytical tools that can measure the many impacts of social and economic growth, including infrastructure and environmental impacts and suggest policy strategies to mitigate negative impacts
  • Develop long-term simulations of social and economic impacts resulting from changes in GDP growth and sectoral composition
  • In coordination with the Banking and Payments Authority and the International Monetary Fund, develop a simplified Financial Programming model to assist the Ministry maintain macroeconomic policy consistency and make coherent growth projections, and
  • Develop the in-house capacity to develop or refine this model.