The Federal Democratic Republic of Ethiopia : Request for a 14-Month 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:

September 30, 2009

Electronic Access:

Free Full text (PDF file size is 1021 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Facing declining reserves and high inflation, Ethiopian authorities have implemented an effective macroeconomic adjustment package supported by the IMF under the rapid-access component of the Exogenous Shocks Facility. The global recession is putting renewed pressure on the external position, via weaker export receipts and remittances and slowing inward direct investment. Supporting structural measures focus on tax reform, the control of public enterprise borrowing, and the control of liquidity through indirect instruments.

Series:

Country Report No. 09/296

Subject:

English

Publication Date:

September 30, 2009

ISBN/ISSN:

9781451812855/1934-7685

Stock No:

1ETHEA2009002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

70

Please address any questions about this title to publications@imf.org