The Federal Democratic Republic of Ethiopia: Ex-Post Assessment of Long-Term Fund Engagement

January 28, 2005

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The Federal Democratic Republic of Ethiopia: Ex-Post Assessment of Long-Term Fund Engagement, (USA: International Monetary Fund, 2005) accessed November 12, 2024

Summary

This paper presents an Ex Post Assessment of Long-Term IMF Engagement in Ethiopia. IMF involvement since 1992 helped underpin the authorities’ gradualist policies. Initially, IMF-supported programs aimed at stabilizing the economy and breaking with the legacy of central planning. Later programs emphasized structural reform to support sustainable high growth and poverty reduction. Although macroeconomic stability has been largely achieved, structural reform was gradual and piecemeal, especially under the Enhanced Structural Adjustment Facility. Many of the most immediate and distortionary policies of the centrally planned past have also been overhauled.

Subject: Agricultural sector, Banking, Economic sectors, Exports, Foreign exchange, International trade, Macrostructural analysis, Revenue administration, Structural reforms

Keywords: Agricultural sector, Country authorities, CR, Current account, Exports, Fiscal year, Government, Government effectiveness, Gradualist policy, ISCR, Real GDP, Structural reforms, Sub-Saharan Africa

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/026
Stock No:

1ETHEA2005002
ISBN:

9781451812725
ISSN:

1934-7685

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