The Federal Democratic Republic of Ethiopia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Federal Democratic Republic of Ethiopia

International Monetary Fund
Authors registered in the RePEc Author Service: Sangyup Choi

No 2016/322, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2016 Article IV Consultation highlights that Ethiopia’s macroeconomic outturn during 2015/16 has been adversely affected by a severe drought and the weak global environment. As a result, output growth is estimated to have slowed down to 6.5 percent in 2015/16. The slowdown was mitigated by effective and timely policy responses to the drought, and buoyant industrial and services sectors. Over the medium-term, growth is projected to recover to within the 7.3–7.5 percent range, reflecting the growth-oriented reforms envisaged in the recently adopted second Growth and Transformation Plan. Public investment is projected to moderate, while private investment is projected to increase gradually.

Keywords: ISCR; CR; export; deficit; debt; Ethiopia; government; savings-investment imbalance; investment project; public sector savings-investment gap; import growth; fiscal policy implementation; government's action; Exports; Imports; Public investment and public-private partnerships (PPP); Global; Africa; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 70
Date: 2016-10-04
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