This paper assesses Ethiopia’s 2002 Article IV Consultation and Third Review Under the Poverty Reduction and Growth Facility (PRGF) Arrangement. Performance under the first annual PRGF-supported program was good, and the second annual program remains on track. All the quantitative and...

This paper describes economic developments in Ethiopia during 1990–94. In 1992/93, there was a significant recovery in the economy, which was reflected in virtually all sectors, with real GDP rebounding by an exceptional 12.3 percent. Although the improved security situation in the country...

This paper assesses Ethiopia’s Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF), and Requests for Augmentation of Access and for Waiver of Performance Criterion, and Second Annual Program. Performance under the first annual PRGF-supported...

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

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

The Ethiopian authorities have been generally responsive to the policy recommendations from the 2008 Article IV Consultation. To help rebuild international reserves and improve external competitiveness, the authorities made another exchange rate adjustment (a 5 percent devaluation) on January...

This strategic paper discusses Ethiopia’s growth and transformation plan (GTP) for the periods 2010/2011 and 2014/2015. The basis for the GTP has been the policy matrix, which is the benchmark placed in the government's existing Welfare Monitoring and Evaluation (M&E) System since 1996. The...

This Selected Issues paper examines the causes of recent inflation in Ethiopia and discusses possible policy responses. Inflation in Ethiopia has reached a historical peak. Following a drought-related surge of food prices in 2003, it receded to single digits but soon turned back up in 2004 and...

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...

This 2008 Article IV Consultation highlights that the Ethiopian economy has been growing rapidly in the last four years. Favorable weather conditions and pro-growth policies have helped sustain recovery from a sharp drought-related contraction in 2002/03. Growth has averaged 11 percent since...