The Federal Democratic Republic of Ethiopia : Staff Report for the 2012 Article IV Consultation.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. African Department.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/287

IMF Staff Country Reports

Language:

English

Subjects (All):

Economic development--Ethiopia.

Economic development.

Ethiopia--Economic policy.

Ethiopia.

Ethiopia--Economic conditions.

Physical Description:

1 online resource (71 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Language Note:

English

Summary:

Ethiopia pursues a public sector-led growth strategy that focuses on promoting growth through high public investment supported partly by low nominal interest rates. While the strategy has contributed to robust economic growth in the past, recent developments indicate a buildup of vulnerabilities which need to be addressed in order to sustain this growth performance. While inflation remains high (21 percent at end-2011/12), real GDP growth, which is estimated at around 7 percent in 2011/12 and is projected to decline to 6.5 percent in subsequent years under the continuation of current policies, is still robust.

Contents:

Cover; CONTENTS; BACKGROUND; RECENT DEVELOPMENTS AND OUTLOOK; A. Recent Economic Developments; B. Outlook; FIGURE; 1. Recent Economic Developments; BOXES; 1. Growth Accounting; C. Risks; POLICY DISCUSSIONS: PROMOTING GROWTH AND REDUCING VULNERABILITIES; A. Monetary Policy; B. Financial Sector Policy; 2. Assessing the Impact of the 27 Percent NBE Bill Requirement on Private Banks; C. Fiscal Policy; D. External Policy; E. Unlocking the Growth Potential Through Structural Reforms; F. Managing Debt and Risks Associated With the Current Public Investment Plan; 3. Financing of Public Investment

OTHER ISSUESSTAFF APPRAISAL; TABLES; 1. Millennium Development Goals; 2. Risk Assessment Matrix; 3. Selected Economic and Financial Indicators, 2009/10-2016/17; 4a. General Government Operations, 2009/10-2016/17; 4b. General Government Operations, 2009/10-2016/17; 4c. Statement of Government Operations (GFSM2001), 2009/10-2016/17; 5. Monetary Survey and Central Bank Accounts, 2009/10-2012/13; 6. Balance of Payments, 2009/10-2016/17; 7. Alternative Scenario - Selected Economic and Financial Indicators, 2009/10-2016/17; 8. Financial Soundness Indicators of the Commercial Banking Sector, 2008-12

ANNEXESI. Exchange Rate Assessment; II. Reserve Adequacy Assessment; THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA; BACKGROUND AND KEY FINDINGS; MACROECONOMIC ASSUMPTIONS; Text Table; Text Table 1. Comparison of PPG External Debt: Baseline Scenario; Box; Box 1. Ethiopia: Macroeconomic Assumptions for the Baseline Scenario; EXTERNAL DEBT SUSTAINABILITY ANALYSIS; PUBLIC DEBT SUSTAINABILITY ANALYSIS; CONCLUSION; Figures; Figure 1. Ethiopia: Indicators of Public and Publicly Guaranteed External Debt Under Alternatives Scenarios, 2012-2032

Figure 2. Ethiopia: Indicators of Public Debt Under Alternative Scenarios, 2012-2032Tables; Table 1. Ethiopia: External Debt Sustainability Framework, Baseline Scenario, 2009- 2032 1; Table 2b. Ethiopia: Sensitivity Analysis for Key Indicators of Public and Publicly Guaranteed External Debt, 2012-2032; Table 3. Ethiopia: Public Sector Debt Sustainability Framework, Baseline Scenario, 2009-2032; Table 4. Ethiopia: Sensitivity Analysis for Key Indicators of Public Debt 2012-2032; CONTENTS; FUND RELATIONS; JOINT MANAGEMENT ACTION PLAN, JULY 2012-AUGUST 2013; STATISTICAL ISSUES

TABLE OF COMMON INDICATORS REQUIRED FOR SURVEILLANCE

Notes:

"August 27, 2012."

Description based on print version record.

ISBN:

9781475513264

1475513267

9781475513257

1475513259

9781283866941

1283866943

9781475513271

1475513275