The Federal Democratic Republic of Ethiopia; Request for a 14-Month Arrangement under the Exogenous Shocks Facility-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Federal Democratic Republic of Ethiopia

Facing declining reserves and high inflation, Ethiopian authorities have implemented an effective macroeconomic adjustment package supported by the IMF under the rapid-access component of the Exogenous Shocks Facility. The global recession is putting renewed pressure on the external position, via weaker export receipts and remittances and slowing inward direct investment. Supporting structural measures focus on tax reform, the control of public enterprise borrowing, and the control of liquidity through indirect instruments.

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Year of publication:	2009-09-30
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Access to Fund general resources \| Announcements \| Balance of payments need \| Debt sustainability \| Exogenous Shocks Facility \| External debt \| External shocks \| Fiscal management \| Infrastructure \| Monetary aggregates \| Staff Reports \| Stand-by arrangement requests \| exchange rate \| balance of payments \| domestic borrowing \| real exchange rate \| domestic financing \| debt relief \| reserve assets \| external financing \| exchange rate adjustment \| foreign exchange \| external borrowing \| current account balance \| average exchange rate \| foreign investment \| public debt \| exchange rates \| public sector borrowing \| multilateral debt relief \| debt relief initiative \| debt service \| external payments \| current account \| central bank \| real exchange rate change \| exchange rate flexibility \| exchange rate change \| effective exchange rate \| multilateral debt \| exchange rate appreciation \| long-term loans \| government debt \| external payment \| total external debt \| exchange rate policy \| constant real exchange rate \| debt burden \| real effective exchange rate \| real exchange rate appreciation \| external public debt \| debt sustainability analysis \| payment arrears \| foreign exchange market \| foreign debt \| external debt service \| external payments arrears \| foreign exchange reserves \| domestic debt \| nominal exchange rate \| external debt sustainability \| exchange operations \| public sector management \| reserve accumulation \| real exchange rate depreciation \| nominal effective exchange rate \| domestic saving \| debt thresholds \| exchange rate regime \| imf purchases \| external debt stock \| debt service obligations \| exchange reserves \| exchange rate depreciation \| debt policy \| exchange restrictions \| repayments \| foreign exchange operations \| cross exchange rates \| public external debt \| debt stock \| stock of debt \| effective exchange rates

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 09/296 7 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011242582