The Federal Democratic Republic of Ethiopia: 2008 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for The Federal Democratic Republic of Ethio

2008 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for The Federal Democratic Republic of Ethiopia.

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Volume/Issue: Volume 2008 Issue 264
Publication date: July 2008
ISBN: 9781451812831
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Inflation , Economics- Macroeconomics , Public Finance , ISCR , CR , price , inflation expectation , NPV , real GDP , authority , policy , investment program , private sector development , excess reserves , broad money growth , Inflation , Public enterprises , Export performance , Global , Africa

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Nepal
Peru
Republic of Congo : 2001 Article IV
Summary

This 2008 Article IV Consultation highlights that the Ethiopian economy has been growing rapidly in the last four years. Favorable weather conditions and pro-growth policies have helped sustain recovery from a sharp drought-related contraction in 2002/03. Growth has averaged 11 percent since 2003/04, far exceeding the minimum growth target of 7 percent in the Program for Accelerated and Sustainable Development. The rise in world oil prices has significantly added to pressures on international reserves. Surging coffee prices have helped to limit the impact on the terms of trade.

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