The Federal Democratic Republic of Ethiopia: Staff Report for the 2012 Article IV Consultation

International Monetary Fund

No 2012/287, IMF Staff Country Reports from International Monetary Fund

Abstract: Ethiopia pursues a public sector-led growth strategy that focuses on promoting growth through high public investment supported partly by low nominal interest rates. While the strategy has contributed to robust economic growth in the past, recent developments indicate a buildup of vulnerabilities which need to be addressed in order to sustain this growth performance. While inflation remains high (21 percent at end-2011/12), real GDP growth, which is estimated at around 7 percent in 2011/12 and is projected to decline to 6.5 percent in subsequent years under the continuation of current policies, is still robust.

Keywords: ISCR; CR; real GDP; U.S. dollar; staff appraisal; digit inflation objective; inflation expectation; monetary policy objective; fuel price inflation; Inflation; Monetary base; Public investment spending; Global; Africa (search for similar items in EconPapers)
Pages: 70
Date: 2012-10-18
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Citations: View citations in EconPapers (9)

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