The Federal Democratic Republic of Ethiopia : Second Review of the Arrangement under the Exogenous Shocks Facility-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Federal Democratic Republic of Ethiopia

Author/Editor:

International Monetary Fund

Publication Date:

November 24, 2010

Electronic Access:

Free Full Text (PDF file size is 674 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Ethiopia has successfully implemented policies to reduce inflation and rebuild external reserves. Fiscal policy aims to continue the strong focus on physical and social infrastructure investment while raising the revenue effort. The recent reframing of monetary policy to adopt a reserve money nominal anchor holds out the prospect for the end of financial repression. While the External Shocks Facility-supported program has achieved its objectives of macroeconomic stabilization and a rebuilding of external reserves, much remains to be done to sustain and accelerate growth.

Series:

Country Report No. 10/339

Subject:

English

Publication Date:

November 24, 2010

ISBN/ISSN:

9781455212637/1934-7685

Stock No:

1ETHEA2010002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

38

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