The last Article IV Executive Board Consultation was on December 20, 2019. Listed below are items related to The Federal Democratic Republic of Ethiopia.

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Local market in Ethiopia. The IMF program aims to support the Ethiopian government’s own Homegrown Economic Reform Program, which is designed to eliminate macroeconomic imbalances and lay the foundation for sustainable and inclusive growth (photo: slavemotion/iStockphoto)

Local market in Ethiopia. The IMF program aims to support the Ethiopian government’s own Homegrown Economic Reform Program, which is designed to eliminate macroeconomic imbalances and lay the foundation for sustainable and inclusive growth (photo: slavemotion/iStockphoto)

Six Things to Know about Ethiopia's New Program

The IMF has approved a program for Ethiopia of almost US$3 billion. The program is aimed at supporting the Ethiopian government’s own Homegrown Economic Reform Program, which is designed to eliminate macroeconomic imbalances and lay the foundation for sustainable and inclusive growth. The authorities want the economy to transition away from being public sector-led to one that is driven by the private sector. 

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At a Glance

  • 2020 Projected Real GDP (% Change) : 7.2
  • 2020 Projected Consumer Prices (% Change): 12.7
  • Country Population: 95.644 million
  • Date of Membership: December 27, 1945
  • Article IV/Country Report: December 4, 2018
  • Outstanding Purchases and Loans (SDR): 102.24 million (December 31, 2019)
  • Special Drawing Rights (SDR): 3.94 million
  • Quota (SDR): 300.7 million
  • Number of Arrangements since membership: 7

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