The Federal Democratic Republic of Ethiopia : 2019 Article IV Consultation and Requests for Three-Year Arrangement under the Extended Credit Facility and an Arrangement under the Extended Fund Facility-Press Release and Staff Report

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

January 28, 2020

Electronic Access:

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Summary:

In the last decade, rapid growth, the fastest in Sub-Saharan Africa, and strong policies to address poverty have yielded a remarkable improvement in living standards. But the debt-financed public investment-led development model has reached its limits, amid a buildup in external vulnerabilities, as illustrated by severe foreign exchange shortages and high premia on the parallel market, as well as debt and likely financial sector vulnerabilities. Recognizing these vulnerabilities, the authorities have prepared a “Homegrown Economic Reform Plan”. Their reform agenda is appropriately ambitious and wide-ranging, encompassing macroeconomic reforms, structural reforms to ease institutional and structural bottlenecks to productivity and job growth, and sectoral reforms.

Series:

Country Report No. 20/29

Subject:

English

Publication Date:

January 28, 2020

ISBN/ISSN:

9781513528137/1934-7685

Stock No:

1ETHEA2020001

Format:

Paper

Pages:

121

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