The Federal Democratic Republic of Ethiopia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Federal Democratic Republic of Ethiopia

October 4, 2016

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The Federal Democratic Republic of Ethiopia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Federal Democratic Republic of Ethiopia, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This 2016 Article IV Consultation highlights that Ethiopia’s macroeconomic outturn during 2015/16 has been adversely affected by a severe drought and the weak global environment. As a result, output growth is estimated to have slowed down to 6.5 percent in 2015/16. The slowdown was mitigated by effective and timely policy responses to the drought, and buoyant industrial and services sectors. Over the medium-term, growth is projected to recover to within the 7.3–7.5 percent range, reflecting the growth-oriented reforms envisaged in the recently adopted second Growth and Transformation Plan. Public investment is projected to moderate, while private investment is projected to increase gradually.

Subject: Expenditure, Exports, External debt, Imports, International trade, Public debt, Public investment and public-private partnerships (PPP)

Keywords: Africa, CR, Debt, Deficit, Ethiopia, Export, Exports, Fiscal policy implementation, Global, Government, Government's action, Import growth, Imports, Investment project, ISCR, Public investment and public-private partnerships (PPP), Public sector savings-investment gap, Savings-investment imbalance, Sub-Saharan Africa

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/322
Stock No:

1ETHEA2016001
ISBN:

9781475543643
ISSN:

1934-7685

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