IMF Staff Country Reports

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

July 20, 2007

Download PDF

Preview Citation

Format: Chicago

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, (USA: International Monetary Fund, 2007) accessed November 25, 2024

Summary

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.

Subject: Asset and liability management, Banking, Central banks, Commercial banks, Debt relief, Financial institutions, Imports, International reserves, International trade, Public debt

Keywords: Africa, Commercial banks, CR, Debt, Debt relief, Debt relief, Deficit, Excess reserves, GDP, GDP deflator, Imports, Inflation, International reserves, ISCR, Meeting PASDEP target, Private sector, Prudent fiscal policy, Sub-Saharan Africa

Publication Details

  • Pages:

    66

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2007/247

  • Stock No:

    1ETHEA2007002

  • ISBN:

    9781451812800

  • ISSN:

    1934-7685

You May Also Be Interested In...

Sierra Leone: 2024 Article IV Consultation and Request for a 38-Month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Sierra Leone

November 22, 2024

Implementing Risk-Based Solvency for Insurers—Lessons from Kenya, Mexico, and South Africa

November 22, 2024

Bilateral Trade in Services and Exchange Rates: Evidence of Dominant Currency Pricing

November 22, 2024

New Evidence on the US Excess Return on Foreign Portfolios

November 22, 2024