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
July 20, 2007
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
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.
Subject: Asset and liability management, Banking, Central banks, Commercial banks, Debt relief, Financial institutions, Imports, International reserves, International trade, Public debt
Keywords: Africa, Commercial banks, CR, debt, debt relief, Debt relief, deficit, excess reserves, GDP, GDP deflator, Imports, inflation, International reserves, ISCR, meeting PASDEP target, private sector, prudent fiscal policy, Sub-Saharan Africa
Pages:
66
Volume:
2007
DOI:
Issue:
247
Series:
Country Report No. 2007/247
Stock No:
1ETHEA2007002
ISBN:
9781451812800
ISSN:
1934-7685
