Ethiopia: 2010 Article IV Consultation and First Review of the Arrangement under the Exogenous Shocks Facility: Staff Report; Staff Supplements; and Press Release on the Executive Board Discussion

June 23, 2010

Preview Citation

Format: Chicago

Ethiopia: 2010 Article IV Consultation and First Review of the Arrangement under the Exogenous Shocks Facility: Staff Report; Staff Supplements; and Press Release on the Executive Board Discussion, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

The Ethiopian authorities have been generally responsive to the policy recommendations from the 2008 Article IV Consultation. To help rebuild international reserves and improve external competitiveness, the authorities made another exchange rate adjustment (a 5 percent devaluation) on January 31, 2010. The overall fiscal balance during July-December 2009 indicates stronger revenue collection than programmed. Ethiopia has been resilient to the ongoing global crisis because remittances have remained stable in 2009/10, FDI has risen 20 percent, and imports are lower.

Subject: Central banks, Export performance, Inflation, International reserves, International trade, Monetary base, Money, Prices, Public debt

Keywords: Africa, Consumer price inflation, CR, Creating flow, Debt service, ESF arrangement, ESF review, Export performance, Global, Inflation, International reserves, ISCR, Monetary base, Money market rate

Publication Details

Pages:

76
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2010/175
Stock No:

1ETHEA2010001
ISBN:

9781455204175
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports