The Federal Democratic Republic of Ethiopia: Joint Staff Advisory Note of the Poverty Reduction Strategy Paper: 2003/04 Annual Progress Report
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This paper presents a Joint Staff Advisory Note on the Federal Democratic Republic of Ethiopia’s Poverty Reduction Strategy. Excessive domestic bank financing of the budget deficit could crowd out the private sector, increase pressure on reserve and inflation targets, and, given the already high levels of domestic debt, increase vulnerability to macroeconomic shocks. Public infrastructure investment recently increased substantially despite the lack of sound cost-benefit analysis. The strong pro-poor emphasis of government expenditure is paying off in terms of improvements in education and provision of health services.
Series:
Country Report No. 2006/028
Subject:
Budget planning and preparation Economic sectors Financial sector Poverty Poverty reduction and development Poverty reduction strategy Public financial management (PFM) Public sector
English
Publication Date:
January 30, 2006
ISBN/ISSN:
9781451812763/1934-7685
Stock No:
1ETHEA2006002
Pages:
8
Please address any questions about this title to publications@imf.org