IMF Staff Country Reports

The Federal Democratic Republic of Ethiopia : 2017 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:

January 24, 2018

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Ethiopia has an impressive record of human development improvements and output growth—averaging about 10 percent in the last decade—underpinned by public investment and productivity gains. However, over the last three years, droughts and weak international prices for agricultural commodities dampened growth and opened an external imbalance. Ethiopia is now experiencing a growth recovery after the 2015/16 drought. The authorities’ determined actions to control public borrowing and imports has reduced the current account deficit; and foreign direct investment is rising fast. However, exports remained stagnant in 2016/17 and drought conditions lingered in some areas.

Series:

Country Report No. 18/18

Subject:

Article IV consultation reports Balance of payments statistics Economic indicators Ethiopia Exchange rate policy Export diversification Financial sector Fiscal policy Infrastructure Monetary policy Press releases Private sector Revenue mobilization Social safety nets Staff reports