Ethiopia: Fourth Review and Third Annual Program Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Requests for Extension of Arrangement and for Additional Interim Assistance Under the Enhanced HIPC Initiative
IMF Staff Country Reports, September 11, 2003
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- Ethiopia: Fourth Review and Third Annual Program Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Requests for Extension of Arrangement and for Additional Interim Assistance Under the Enhanced HIPC Initiative
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Bibliographic details
- Published: September 11, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451812640.002
Recent economic developments
- Recent economic developments have been adversely affected by the severe drought.
- The mission and the authorities updated the macroeconomic framework for 2003/04 and the medium-term in light of recent developments and the latest World Economic Outlook (WEO) price projections.
Macroeconomic framework update
- The macroeconomic framework was updated for 2003/04 and the medium-term.
- Updates were informed by recent developments and the latest World Economic Outlook (WEO) price projections.
Fiscal strategy
- The fiscal strategy is focused on achieving and maintaining public debt sustainability.
- The fiscal strategy emphasizes maximizing the efficient use of highly concessional resources for poverty reduction-related activities.
Policies under the third annual program
- The policies to be implemented under the third annual program aim at:
- maintaining macroeconomic stability, and
- achieving rates of economic growth.
Subject coverage and keywords
- Subject: Banking, Commercial banks, Economic sectors, Expenditure, Financial institutions, Financial sector, Imports, International trade, Public financial management (PFM)
- Keywords: Commercial banks, CR, Financial sector, Global, IMF finances, IMF home, Imports, ISCR, PRGF arrangement, PRGF loan, PRGF-supported program, private sector, spending