The Federal Democratic Republic of Ethiopia [electronic resource] : 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.
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TextSeries: IMF Staff Country Reports, Country Report ; No. 09/296Publication details: Washington, D.C. : International Monetary Fund, 2009Description: 1 online resource (70 p.)ISBN: 145181285X :ISSN: 1934-7685Subject(s): Balance of Payments Need | Exogenous Shocks Facility | External Debt | External Shocks | Fiscal Management | EthiopiaAdditional physical formats: Print Version:: 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 EthiopiaOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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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