Framework & Pillars

Real-economy growth, output momentum and the breadth of economic expansion.

Consumer and producer price stability, including food and non-food inflation pressures.

Monetary-policy stance, liquidity and broader financial conditions affecting macroeconomic stability.

Exchange-rate developments, foreign-exchange buffers and reserve adequacy.

Trade, current-account and balance-of-payments resilience.

Tax and non-tax revenue performance, revenue effort and domestic resource mobilisation.

Expenditure discipline, composition, interest burden and quality of spending.

Primary and overall balances, fiscal anchors and compliance with statutory fiscal rules.

Debt stock, composition, debt-service burden, refinancing and debt sustainability.

Arrears, guarantees, SOE exposure, PPPs and other contingent or emerging fiscal risks.

Budget realism, execution credibility, reporting quality and fiscal transparency.

Agricultural productivity, resilience, agribusiness and food-system transformation.

Industrialisation, manufacturing, mining, construction and domestic value addition.

Services growth, modern services and the digital economy.

Economy-wide productivity, innovation, technology adoption and productive efficiency.

Export diversification, non-traditional exports, import substitution and structural resilience.

Availability, growth and cost of finance for productive private-sector activity.

Domestic investment, FDI, capital formation and investment mobilisation.

Business confidence, regulatory quality and the operating environment for firms.

Enterprise formation, MSME performance, scale-up and entrepreneurial capacity.

Firm competitiveness, exports, market access and integration into regional/global markets.

Energy, logistics, finance and other major production-cost conditions affecting firms.

Employment, unemployment, labour-force participation, underemployment and job quality.

Youth labour-market outcomes, skills, school-to-work transition and employability.

Household earnings, real wages and income growth.

Household purchasing power and the burden of food, housing, transport and utility costs.

Poverty incidence, vulnerability, distribution and inequality.

Household consumption, confidence, resilience and broader material well-being.

Electricity availability, reliability, affordability and energy-sector financial sustainability.

Roads, rail, ports, logistics and connectivity supporting productive activity.

Digital networks, connectivity and technology infrastructure.

Water, sanitation, housing and other core development infrastructure.

Public capital expenditure, investment efficiency and capital formation.

Infrastructure financing, implementation, completion and maintenance performance.

Timeliness, accessibility and completeness of fiscal and budget reporting.

Forecast accuracy, policy consistency and credibility of stated economic assumptions.

Budget execution, commitment controls, public financial management and accountability.

State-owned enterprise oversight, public-sector governance and fiscal accountability.

Regulatory effectiveness, institutional capacity and policy coordination.

Statistical transparency, evidence availability, auditability and public accountability.