The Federal Democratic Republic of Ethiopia: 2013 Article IV Consultation
October 17, 2013
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This 2013 Article IV Consultation highlights that recent macroeconomic developments in The Federal Democratic Republic of Ethiopia are encouraging, with a significant deceleration in inflation and continued robust economic growth. Despite significant decline in coffee prices and supply bottlenecks, growth remains robust, supported by better agriculture output and construction and other services activities. Inflation declined from the peak of 40 percent in July 2011 to about 7 percent in June 2013. This has significantly eased the extent to which real interest rates were negative. Fiscal policy at the general government level remains prudent with cautious execution of the government budget.
Subject: Economic sectors, External debt, Monetary base, Money, Public and publicly-guaranteed external debt, Public debt, Public enterprises
Keywords: Africa, base money target, broad money growth, CR, CTF regime, debt, food price inflation, Global, ISCR, Monetary base, poverty-reducing expenditure, Public and publicly-guaranteed external debt, Public enterprises, ratio, real GDP, reserve requirement ratio
Pages:
78
Volume:
2013
DOI:
Issue:
308
Series:
Country Report No. 2013/308
Stock No:
1ETHEA2013001
ISBN:
9781475578997
ISSN:
1934-7685
