Cover IMF Staff Country Reports
The Federal Democratic Republic of Ethiopia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Federal Democratic Republic of Ethiopia
Author: International Monetary Fund. African Dept.
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2016: Issue 322
Language:
English
Publication Date:
04 Oct 2016
DOI:
https://doi.org/10.5089/9781475543643.002
ISBN:
9781475543643
ISSN:
1934-7685
Pages:
70
Keywords:
ISCR; CR; export; deficit; debt; Ethiopia; government; savings-investment imbalance; investment project; public sector savings-investment gap; import growth; fiscal policy implementation; government's action; Exports; Imports; Public investment and public-private partnerships (PPP); Global; Africa; Sub-Saharan Africa
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This 2016 Article IV Consultation highlights that Ethiopia’s macroeconomic outturn during 2015/16 has been adversely affected by a severe drought and the weak global environment. As a result, output growth is estimated to have slowed down to 6.5 percent in 2015/16. The slowdown was mitigated by effective and timely policy responses to the drought, and buoyant industrial and services sectors. Over the medium-term, growth is projected to recover to within the 7.3–7.5 percent range, reflecting the growth-oriented reforms envisaged in the recently adopted second Growth and Transformation Plan. Public investment is projected to moderate, while private investment is projected to increase gradually.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund