The Federal Democratic Republic of Ethiopia: Joint Staff Advisory Note of the Poverty Reduction Strategy Paper: 2003/04 Annual Progress Report

January 30, 2006

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The Federal Democratic Republic of Ethiopia: Joint Staff Advisory Note of the Poverty Reduction Strategy Paper: 2003/04 Annual Progress Report, (USA: International Monetary Fund, 2006) accessed December 27, 2024

Summary

This paper presents a Joint Staff Advisory Note on the Federal Democratic Republic of Ethiopia’s Poverty Reduction Strategy. Excessive domestic bank financing of the budget deficit could crowd out the private sector, increase pressure on reserve and inflation targets, and, given the already high levels of domestic debt, increase vulnerability to macroeconomic shocks. Public infrastructure investment recently increased substantially despite the lack of sound cost-benefit analysis. The strong pro-poor emphasis of government expenditure is paying off in terms of improvements in education and provision of health services.

Subject: Budget planning and preparation, Economic sectors, Financial sector, Poverty, Poverty reduction and development, Poverty reduction strategy, Public financial management (PFM), Public sector

Keywords: APR, Budget planning and preparation, CR, Financial sector, Global, Government, ISCR, Outcomes indicator, Policy, Poverty reduction and development, Poverty reduction strategy, Poverty reduction target, Public sector, SDPRP II, SDPRP matrix, Staff, Staff welcome

Publication Details

Pages:

8
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/028
Stock No:

1ETHEA2006002
ISBN:

9781451812763
ISSN:

1934-7685

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