Ethiopia: Fourth Review and Third Annual Program Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Requests for Extension of Arrangement and for Additional Interim Assistance Under the Enhanced HIPC Initiative

September 11, 2003

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Ethiopia: Fourth Review and Third Annual Program Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Requests for Extension of Arrangement and for Additional Interim Assistance Under the Enhanced HIPC Initiative, (USA: International Monetary Fund, 2003) accessed November 30, 2024

Summary

Recent economic developments have been adversely affected by the severe drought. The mission and the authorities updated the macroeconomic framework for 2003/04 and the medium-term in light of recent developments and the latest World Economic Outlook (WEO) price projections. The fiscal strategy is focused on achieving and maintaining public debt sustainability, and maximizing the efficient use of highly concessional resources for poverty reduction-related activities. The policies to be implemented under the third annual program aim at maintaining macroeconomic stability and achieving rates of economic growth.

Subject: Banking, Commercial banks, Economic sectors, Expenditure, Financial institutions, Financial sector, Imports, International trade, Public financial management (PFM)

Keywords: Commercial banks, CR, Financial sector, Global, IMF finances, IMF home, Imports, ISCR, PRGF arrangement, PRGF loan, PRGF-supported program, Private sector, Spending

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/272
Stock No:

1ETHEA0012003
ISBN:

9781451812640
ISSN:

1934-7685

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