The Federal Democratic Republic of Ethiopia: Joint Staff Advisory Note of the Poverty Reduction Strategy Paper: 2003/04 Annual Progress Report

International Monetary Fund

No 2006/028, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents a Joint Staff Advisory Note on the Federal Democratic Republic of Ethiopia’s Poverty Reduction Strategy. Excessive domestic bank financing of the budget deficit could crowd out the private sector, increase pressure on reserve and inflation targets, and, given the already high levels of domestic debt, increase vulnerability to macroeconomic shocks. Public infrastructure investment recently increased substantially despite the lack of sound cost-benefit analysis. The strong pro-poor emphasis of government expenditure is paying off in terms of improvements in education and provision of health services.

Keywords: ISCR; CR; staff; government; APR; policy; SDPRP II; staff welcome; outcomes indicator; poverty reduction target; SDPRP matrix; Budget planning and preparation; Financial sector; Poverty reduction strategy; Public sector; Poverty reduction and development; Global (search for similar items in EconPapers)
Pages: 8
Date: 2006-01-30
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=18838 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2006/028

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().