Ethiopia: Recent Economic Developments

International Monetary Fund

No 1994/015, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes economic developments in Ethiopia during 1990–94. In 1992/93, there was a significant recovery in the economy, which was reflected in virtually all sectors, with real GDP rebounding by an exceptional 12.3 percent. Although the improved security situation in the country and, subsequently, the emergence of a favorable economic and political climate set the stage for the recovery, a number of additional factors contributed to this outcome. In the agricultural sector, good weather conditions, coupled with increases in land under cultivation and greater fertilizer usage, led to a bumper crop.

Keywords: ISCR; CR; government; U.S. dollar; balance of payments; country; enterprise; pay; excess demand; state enterprise; government sector; demand curve; Agricultural commodities; Exports; Currencies; Public enterprises; Eastern Europe (search for similar items in EconPapers)
Pages: 157
Date: 1994-05-15
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