Ethiopia: Staff Report for the 2002 Article IV Consultation and Third Review Under the Poverty Reduction and Growth Facility Arrangement

October 7, 2002

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Ethiopia: Staff Report for the 2002 Article IV Consultation and Third Review Under the Poverty Reduction and Growth Facility Arrangement, (USA: International Monetary Fund, 2002) accessed December 12, 2024

Summary

This paper assesses Ethiopia’s 2002 Article IV Consultation and Third Review Under the Poverty Reduction and Growth Facility (PRGF) Arrangement. Performance under the first annual PRGF-supported program was good, and the second annual program remains on track. All the quantitative and structural performance criteria and benchmarks for December 2001 and March 2002 were met, with the exception of the revised regulation for the provisioning by banks for nonperforming loans, which was adopted, but was not fully in line with international best practice, as had been envisaged.

Subject: Banking, Commercial banks, Economic sectors, Expenditure, Financial institutions, Financial sector, Foreign banks, Poverty, Poverty reduction strategy

Keywords: Authority, Commercial banks, CR, Defense outlay, Financial sector, Foreign banks, Global, ISCR, Outlay, Poverty reduction strategy, Poverty-targeted outlay, PRGF arrangement, PRGF loan, PRGF-supported program, Report, Staff appraisal, Sub-Saharan Africa

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/220
Stock No:

1ETHEA0032002
ISBN:

9781451812688
ISSN:

1934-7685

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