Bangladesh: Technical Assistance Report-Residential Property Price Index Mission

International Monetary Fund

No 2023/302, IMF Staff Country Reports from International Monetary Fund

Abstract: This technical assistance report highlights residential property price index (RPPI) mission in Bangladesh. The authorities should compile an experimental RPPI for Dhaka using a single preferred method that follows international best practice. The Bangladesh Bank (BB) should implement the recommended improvements to the compilation methods for the experimental RPPI. The BB should consider publishing the experimental RPPI on their website along with the sub-indices for the four regional strata. The authorities should provide additional human resources to the RPPI team for data collection, respondent management and data cleaning. The response rate has been low for the new reporting template. The impediments identified include the voluntary nature of the pilot survey and the staff resources assigned in BB. It is recommended to make the new reporting template mandatory and provide additional human resources to the RPPI team. The additional variables collected on the new reporting template can be used to improve the stratification and model specification.

Keywords: 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 (search for similar items in EconPapers)
Pages: 20
Date: 2023-08-07
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