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The Federal Democratic Republic of Ethiopia: Financial Position in the Fund

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The Federal Democratic Republic of Ethiopia and the IMF
Updated July 13, 2015

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IMF Survey Online
May 14, 2012 -- IMF Survey: Africa Sustains Growth Despite Global Uncertainty
Despite the weaker global economic environment, sub-Saharan Africa is expected to continue growing strongly in 2012. GDP growth is forecast to increase slightly from the 2011 average of 5 percent, according to the IMF in its latest assessment of the region's economy.
August 24, 2011 -- IMF Survey: IMF in Talks on Financing Boost for Drought-hit Africa
The IMF, welcoming international support for drought-hit countries in the Horn of Africa, is discussing with Djibouti and Kenya increasing existing loans to the two East African countries as part of the response. The IMF’s African Department head says there is also room to boost disaster-relief aid effectiveness.
June 22, 2010 -- IMF Survey: For Sustained Growth, Ethiopia Needs to Promote Remonetization
Ethiopia has made progress in restoring economic stability in 2009, while maintaining strong growth, the IMF says in its regular review of the east African country’s economy. Ethiopia’s top short-term priority is to arrest a demonetization trend and promote financial deepening.
February 03, 2009 -- IMF Survey: IMF to Assist Africa Hit Hard by Global Downturn
Although Africa will grow by more than 3 percent in 2009, the continent is likely to be hard hit by the global economic downturn, threatening to set back progress made across the region in recent years, the IMF says.
February 02, 2009 -- IMF Survey: IMF Lends Ethiopia $50 Million to Help Absorb Price Shocks
The IMF approves a $50 million loan for Ethiopia to help its economy adjust to the steep increases in international prices of fuel, fertilizer, and cereals in 2008. The price increases weakened Ethiopia's international reserves position and contributed to inflationary pressure.