This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Ethiopia and the IMF. Additional information can be found on the Ethiopia and IMF country page, including official IMF reports and Executive Board documents in English that deal with Ethiopia.

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At a Glance

  • Current IMF membership: 189 countries
  • Ethiopia joined the Fund in December 27, 1945
  • Total Quotas: SDR 133.70 Million (As of April 30, 2008)
  • Outstanding Purchases and Loans: SDR 106.97 Million
  • The Federal Democratic Republic of Ethiopia: Staff Report for the 2015 Article IV Consultation, October 30, 2015, Series: Country Report No. 15/300

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IMF's Work on Ethiopia

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Regional Economic Outlook

Sub-Saharan Africa: Fiscal Adjustment and Economic Diversification

October 2017

The broad-based slowdown in sub-Saharan Africa is easing but the underlying situation remains difficult. Growth is expected to reach 2.6 percent in 2017, but the pickup reflects one-off factors, notably a recovery in oil production in Nigeria and the easing of drought conditions in eastern and southern Africa. While a third of the countries in the region continue to grow at 5 percent or more, 12 countries home to 40 percent of the region’s population are expected to see per capita income decline. The external environment has improved somewhat, facilitating sovereign bond issuances by the region’s frontier economies. Foreign exchange market pressures appear to have abated, but international reserves remain low in many countries. Public debt has been rising rapidly across the region, including in the fast-growing economies. In this context, implementing the planned fiscal consolidations and reforms to tackle constraints on growth are the key policy priorities. Read the report


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Departmental Papers on Africa

Africa Departmental Papers Cover The Departmental African Paper Series covers research on Sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.