Ethiopia : 2010 Article IV Consultation and First Review of the Arrangement under the Exogenous Shocks Facility: Staff Report; Staff Supplements; and Press Release on the Executive Board Discussion

Author/Editor:

International Monetary Fund

Publication Date:

June 23, 2010

Electronic Access:

Free Full text (PDF file size is 1233 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The Ethiopian authorities have been generally responsive to the policy recommendations from the 2008 Article IV Consultation. To help rebuild international reserves and improve external competitiveness, the authorities made another exchange rate adjustment (a 5 percent devaluation) on January 31, 2010. The overall fiscal balance during July-December 2009 indicates stronger revenue collection than programmed. Ethiopia has been resilient to the ongoing global crisis because remittances have remained stable in 2009/10, FDI has risen 20 percent, and imports are lower.

Series:

Country Report No. 10/175

Subject:

Frequency:

Annually

English

Publication Date:

June 23, 2010

ISBN/ISSN:

9781455204175/1934-7685

Stock No:

1ETHEA2010001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

76

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