## 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_

## Source details

**Canonical URL:** [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](https://www.imf.org/en/publications/cr/issues/2016/12/30/ethiopia-fourth-review-and-third-annual-program-under-the-three-year-arrangement-under-the-16844)

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## Bibliographic details
- Published: September 11, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451812640.002

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### 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

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/ethiopia-fourth-review-and-third-annual-program-under-the-three-year-arrangement-under-the-16844_