The Federal Democratic Republic of Ethiopia: 2008 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 31, 2008
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This 2008 Article IV Consultation highlights that the Ethiopian economy has been growing rapidly in the last four years. Favorable weather conditions and pro-growth policies have helped sustain recovery from a sharp drought-related contraction in 2002/03. Growth has averaged 11 percent since 2003/04, far exceeding the minimum growth target of 7 percent in the Program for Accelerated and Sustainable Development. The rise in world oil prices has significantly added to pressures on international reserves. Surging coffee prices have helped to limit the impact on the terms of trade.
Subject: Commercial banks, Economic sectors, Export performance, External debt, Inflation, International trade, Prices, Public debt, Public enterprises
Keywords: Africa, authority, broad money growth, CR, excess reserves, Export performance, Global, Inflation, inflation expectation, investment program, ISCR, NPV, policy, price, private sector development, Public enterprises, real GDP
Pages:
59
Volume:
2008
DOI:
Issue:
264
Series:
Country Report No. 2008/264
Stock No:
1ETHEA2008003
ISBN:
9781451812831
ISSN:
1934-7685
