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

October 18, 2012

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The Federal Democratic Republic of Ethiopia: Staff Report for the 2012 Article IV Consultation, (USA: International Monetary Fund, 2012) accessed September 27, 2024

Summary

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.

Subject: Expenditure, External debt, Inflation, Monetary base, Money, Prices, Public debt, Public investment spending

Keywords: Africa, CR, Digit inflation objective, Fuel price inflation, Global, Inflation, Inflation expectation, ISCR, Monetary base, Monetary policy objective, Public investment spending, Real GDP, Staff appraisal, U.S. dollar

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/287
Stock No:

1ETHEA2012001
ISBN:

9781475513233
ISSN:

1934-7685

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