The Federal Democratic Republic of Ethiopia: Enhanced Initiative for Heavily Indebted Poor Countries-Completion Point Document
April 26, 2004
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This paper assesses Ethiopia’s economic progress under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC) Initiative, and seeks approval of the IMF staff for the completion point under the initiative. It reviews the status of creditor participation, the delivery of debt relief to Ethiopia, updates the debt sustainability analysis, and provides an analysis of the sensitivity of the debt indicators to changes in macroeconomic variables. Executive Directors determine that Ethiopia has reached the completion point under the Enhanced HIPC Initiative.
Subject: Asset and liability management, Debt relief, Debt service, Debt service ratios, Exports, External debt, International trade
Keywords: Africa, CR, Debt relief, Debt service, Debt service ratios, decision point, Ethiopian authorities, Exports, exports of goods, HIPC Initiative, ISCR, NPV of debt-to-exports ratio, NPV terms, Sub-Saharan Africa, terms of trade
Pages:
58
Volume:
2004
DOI:
Issue:
116
Series:
Country Report No. 2004/116
Stock No:
1ETHEA0042004
ISBN:
9781451812701
ISSN:
1934-7685
