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The Democratic Republic of Ethiopia: 2015 Article IV Consultation-Press Release Staff Report and Statement by the Executive Dire

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The Democratic Republic of Ethiopia: 2015 Article IV Consultation-Press Release Staff Report and Statement by the Executive Dire by International Monetary Fund

Ethiopia's state-led development model has delivered rapid economic growth, reduced poverty, and improved social welfare. However, structural transformation has proceeded less quickly than planned, and slow export growth has increased external vulnerabilities. In addition, over the past year the economy has faced a sharp appreciation of the real exchange rate, a significant widening of the current account deficit, and (more recently) an increase in inflation. Large public borrowing from abroad, combined with weak exports, resulted in the risk of external debt distress increasing from "low" to "moderate".

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Ebook Details
Pages: 70
Size: 6.6 MB
Publisher: INTERNATIONAL MONETARY FUND
Date published:   2015
ISBN: 9781513520872 (DRM-EPUB)
9781513569079 (DRM-PDF)

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