The Federal Democratic Republic of Ethiopia : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Federal Democratic Republic of Ethiopia

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

October 4, 2016

Electronic Access:

Free Full Text (PDF file size is 2009 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The newly issued five-year second Growth and Transformation Plan (GTP II) envisages continued high growth and public infrastructure investment, while placing a greater emphasis on private sector development and foreign direct investment (FDI), competitiveness, and export-oriented industrialization. A major drought and deterioration of the external environment resulted in a 2015/16 growth slowdown to an estimated 6.5 percent. Stability-oriented macroeconomic policies and effective policy responses, including food imports, to mitigate the drought’s social costs kept inflation low and the budget deficit on target. The current account, however, posted for a second year a deficit above 10 percent of GDP.

Series:

Country Report No. 16/322

Subject:

English

Publication Date:

October 4, 2016

ISBN/ISSN:

9781475543643/1934-7685

Stock No:

1ETHEA2016001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

70

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