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The Federal Democratic Republic of Ethiopia

The Federal Democratic Republic of Ethiopia
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 38
Release: 2010-11-24
Genre: Business & Economics
ISBN: 1455212636

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Ethiopia has successfully implemented policies to reduce inflation and rebuild external reserves. Fiscal policy aims to continue the strong focus on physical and social infrastructure investment while raising the revenue effort. The recent reframing of monetary policy to adopt a reserve money nominal anchor holds out the prospect for the end of financial repression. While the External Shocks Facility-supported program has achieved its objectives of macroeconomic stabilization and a rebuilding of external reserves, much remains to be done to sustain and accelerate growth.


The Federal Democratic Republic of Ethiopia

The Federal Democratic Republic of Ethiopia
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
Total Pages: 21
Release: 2018-12-04
Genre: Social Science
ISBN: 1484388666

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This Selected Issues paper investigates the macroeconomic impact of existing gender gaps in Ethiopia and discusses the authorities’ policies in the areas of gender equality and women’s rights, with a focus on women’s economic engagement. Ethiopia has shown a firm political commitment to the advancement of gender equality and women’s rights; however significant challenges around women’s economic participation remain. Whilst most people work in Ethiopia, women face many barriers to formal labor force participation, have lower levels of education than men—particularly at secondary and tertiary levels—and have significant wage gaps compared to men. The findings suggest that, eliminating gender gaps in both educational attainment and the rate of formal employment could increase output in Ethiopia over time by over 24 percent. Improved institutional capacity would lead to better integration of gender issues into the planning and implementation of government policies. Ethiopia has already embedded gender units within the structure of many of its ministries.


The Federal Democratic Republic of Ethiopia

The Federal Democratic Republic of Ethiopia
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 66
Release: 2006-05-05
Genre: Business & Economics
ISBN: 1451812779

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This Selected Issues paper on The Federal Democratic Republic of Ethiopia highlights that accelerating private sector development is the key to increasing and sustaining growth, and providing employment opportunities to raise incomes. Private sector development remains in its infancy, reflecting the slow transition to a market economy, and the contribution of industry to GDP has not changed significantly. The World Bank has identified some key areas to improve the investment climate, which include deeper financial sector reform and acceleration of the privatization program.


The Federal Democratic Republic of Ethiopia

The Federal Democratic Republic of Ethiopia
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 58
Release: 2004-03-18
Genre: Business & Economics
ISBN: 1451812698

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Ethiopia showed commendable performance under the Poverty Reduction and Growth Facility (PRGF) Arrangement. Executive Directors appreciated this development, and emphasized the need to strengthen fiscal and monetary policies, enhance revenues, strengthen public expenditure management, and introduce poverty-related activities. They welcomed the restructuring plan for the Commercial Bank of Ethiopia, and stressed the need to strengthen the organizational structure and finances of the National Bank of Ethiopia. They agreed that Ethiopia has successfully completed the fifth review under the PRGF program, and approved further financial assistance.


The Federal Democratic Republic of Ethiopia

The Federal Democratic Republic of Ethiopia
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 70
Release: 2009-09-30
Genre: Business & Economics
ISBN: 145181285X

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Facing declining reserves and high inflation, Ethiopian authorities have implemented an effective macroeconomic adjustment package supported by the IMF under the rapid-access component of the Exogenous Shocks Facility. The global recession is putting renewed pressure on the external position, via weaker export receipts and remittances and slowing inward direct investment. Supporting structural measures focus on tax reform, the control of public enterprise borrowing, and the control of liquidity through indirect instruments.


The Federal Democratic Republic of Ethiopia

The Federal Democratic Republic of Ethiopia
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
Total Pages: 79
Release: 2018-01-24
Genre: Business & Economics
ISBN: 1484338502

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This IMF Staff Report for 2017 Article IV Consultation highlights that Ethiopia has recorded annual average GDP growth of about ten percent in the last decade, driven by public investments in agriculture and infrastructure. The poverty rate has fallen from 44 percent in 2000 to 23.5 percent in 2015/16. In 2016/17 GDP growth is estimated at 9 percent, as agriculture rebounded from severe drought conditions in 2015/16. Industrial activity expanded, with continued investments in infrastructure and manufacturing. The current account deficit declined in 2016/17 to 8.2 percent of GDP. Over the medium term, growth is expected to remain about 8 percent, supported by sustained expansion in exports and investment.


The Federal Democratic Republic of Ethiopia

The Federal Democratic Republic of Ethiopia
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 51
Release: 2008-07-31
Genre: Business & Economics
ISBN: 1451812817

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This Selected Issues paper examines the causes of recent inflation in Ethiopia and discusses possible policy responses. Inflation in Ethiopia has reached a historical peak. Following a drought-related surge of food prices in 2003, it receded to single digits but soon turned back up in 2004 and gradually increased. The paper provides an overview of recent inflation developments, and explores the factors contributing to recent inflation, based on fresh studies and the review of current monetary and external developments. The paper also lays out cross-country analysis with countries experiencing high inflation.