The Federal Democratic Republic of Ethiopia: 2005 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for The Federal Democratic Republic of Ethiopia

May 5, 2006

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The Federal Democratic Republic of Ethiopia: 2005 Article IV Consultation: Staff Report; Staff Statement; 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, 2006) accessed September 19, 2024

Summary

The Federal Democratic Republic of Ethiopia’s 2005 Article IV Consultation reports that domestic credit growth has accelerated, driven by strong demand from the government, public enterprises, and the private sector. High import content, particularly from public infrastructure investments, together with higher oil imports, has translated into widening trade and current account deficits, and emerging pressures on international reserves. Inflation pressures are rising, driven by both demand pressures and higher import costs. The real effective exchange rate has appreciated moderately.

Subject: Asset and liability management, Commercial banks, Debt relief, Economic sectors, Expenditure, Financial institutions, Imports, International trade, Public enterprises

Keywords: Authority, Commercial bank treasury bill holding, Commercial banks, CR, Debt relief, East Asia, Financing needs, Import growth, Imports, Inflation rate, ISCR, Issuance, Plan for Accelerated and Sustained Development to End Poverty, Public enterprises, Sub-Saharan Africa, Treasury bill issuance

Publication Details

Pages:

79
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/159
Stock No:

1ETHEA2006004
ISBN:

9781451812787
ISSN:

1934-7685

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