The Federal Democratic Republic of Ethiopia: 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Federal Democratic Republic of Ethiopia

International Monetary Fund

No 2007/247, IMF Staff Country Reports from International Monetary Fund

Abstract: The Federal Democratic Republic of Ethiopia’s 2007 Article IV Consultation reports on the macroeconomic imbalances and on maintaining medium-term macroeconomic stability while fostering growth potential. Although agriculture continues to be the mainstay of the economy, the expansion has been broad-based, with manufacturing, construction, and services making significant contributions. Expansion of domestic credit has continued to be brisk, reflecting a pickup in private sector economic activity and increasingly negative real interest rates. A critical challenge for Ethiopia is to strike a judicious balance between demand-dampening measures and growth-enhancing structural reforms.

Keywords: ISCR; CR; debt; GDP; deficit; inflation; prudent fiscal policy; GDP deflator; excess reserves; debt relief; meeting PASDEP target; private sector; Imports; Debt relief; International reserves; Commercial banks; Africa; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 66
Date: 2007-07-20
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