1. Ethiopia's ambitious development policies have delivered rapid economic growth, but also contributed to rising inflation and strong import demand. Official statistics suggest that since 2003/04 real GDP growth has averaged 11.5 percent, fueled by public development spending. 1 During this period, year-on-year non-food price inflation rose to 28 percent in November 2008, with steep rises in food prices pushing overall CPI inflation to 49 percent. Rising import demand and import prices have steadily eroded a once-comfortable foreign exchange position; by end-November 2008, reserve cover had fallen to just 1 month of imports of goods and services.
"1. Ethiopia's ambitious development policies have delivered rapid economic growth, but also contributed to rising inflation and strong import demand. Official statistics suggest that since 2003/04 real GDP growth has averaged 11.5 percent, fueled by public development spending. 1 During this period, year-on-year non-food price inflation rose to 28 percent in November 2008, with steep rises in food prices pushing overall CPI inflation to 49 percent. Rising import demand and import prices have steadily eroded a once-comfortable foreign exchange position; by end-November 2008, reserve cover had fallen to just 1 month of imports of goods and services."@en
"KEY ISSUESContext: Ethiopia's investment-led development strategy has delivered robust growth and progress toward Millennium Development Goals (MDGs). Restrained fiscal and monetary policies have helped maintain macroeconomic stability, although the financing mode of the continuing large-scale investment through public enterprises could risk undermining macroeconomic stability. A cautious policy stance will be critical in preserving the recent gains.Focus of the consultation: The discussions centered on policies to sustain strong economic growth and promote structural transformation. Issues co."@en
"Ethiopia pursues a public sector-led growth strategy that focuses on promoting growth through high public investment supported partly by low nominal interest rates. While the strategy has contributed to robust economic growth in the past, recent developments indicate a buildup of vulnerabilities which need to be addressed in order to sustain this growth performance. While inflation remains high (21 percent at end-2011/12), real GDP growth, which is estimated at around 7 percent in 2011/12 and is projected to decline to 6.5 percent in subsequent years under the continuation of current policies, is still robust."
"Context: Ethiopia's public sector-led development strategy has contributed to considerablepoverty reduction and progress toward achieving the Millennium Development Goals (MDGs) asenvisaged under the authorities' Growth and Transformation Plan (GTP). Economic growth hasbeen robust, and inflation has declined to single digits. The investment requirements of the GTPare large and securing the associated financing remains a challenge. Without greater scope forthe private sector the realization of the GTP's objectives could be elusive. Growth and inflation prospects: Real GDP growth remain."@en
"In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country."@en
"KEY ISSUES Context: Ethiopia's investment-led development strategy has delivered robust growth and progress toward Millennium Development Goals (MDGs). Restrained fiscal and monetary policies have helped maintain macroeconomic stability, although the financing mode of the continuing large-scale investment through public enterprises could risk undermining macroeconomic stability. A cautious policy stance will be critical in preserving the recent gains. Focus of the consultation: The discussions centered on policies to sustain strong economic growth and promote structural transformation. I."@en
"In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries."
"In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries."@en
"1. In recent years, Ethiopia has sustained high growth spurred by bold national plans. During 2005/06?2009/10, the Ethiopian government implemented the Plan for Accelerated andSustained Development to End Poverty (PASDEP). In this period, the country achieved higheconomic growth with significant improvements in physical infrastructure and human capitalresulting from public and private investments. The PASDEP has been followed by the Growth andTransformation Plan (GTP) spanning 2010/11?2014/15. The GTP is aimed at sustaining high andbroad-based economic growth and achieving the Millennium Dev."@en
"The Federal Democratic Republic of Ethiopia 2012 Article IV consultation, staff report, public information notice on the Executive Board discussion, staff statement, and statement by the Executive Director for Ethiopia"
"The Federal Democratic Republic of Ethiopia request for disbursement under the rapid-access component of the exogenous shocks facility : staff report : staff supplement : press release on the Executive Board discussion : and statement by the Executive Director for the Federal Democratic Republic of Ethiopia"@en
"Federal democratic republic of ethiopia poverty reduction strategy paper"@en
"The Federal Democratic Republic of Ethiopia 2007 Article IV Consultation Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Federal Democratic Republic of Ethiopia"
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