The Federal Democratic Republic of Ethiopia: 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Federal Democratic Republic of Ethiopia
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Summary:
The Federal Democratic Republic of Ethiopia’s 2007 Article IV Consultation reports on the macroeconomic imbalances and on maintaining medium-term macroeconomic stability while fostering growth potential. Although agriculture continues to be the mainstay of the economy, the expansion has been broad-based, with manufacturing, construction, and services making significant contributions. Expansion of domestic credit has continued to be brisk, reflecting a pickup in private sector economic activity and increasingly negative real interest rates. A critical challenge for Ethiopia is to strike a judicious balance between demand-dampening measures and growth-enhancing structural reforms.
Series:
Country Report No. 2007/247
Subject:
Asset and liability management Banking Central banks Commercial banks Debt relief Financial institutions Imports International reserves International trade Public debt
English
Publication Date:
July 20, 2007
ISBN/ISSN:
9781451812800/1934-7685
Stock No:
1ETHEA2007002
Pages:
66
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