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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
Table Of Contents
Cover; Contents; Executive Summary; I. Background; II. The Near-Team Outlook; III. The Authorities' Program; A. Policies for the Public Sector; Text Tables; 1. Public Sector Domestic Financing; B. Monetary Policy; C. Exchange Rate Policy; D. External Debt Issues; 2. NPV of External Public Debt; IV. Program Issues; A. Access and Capacity to Repay the Fund; B. Risks to the Program; C. Program Monitoring and Conditionality; V. Staff Appraisal; Boxes; 1. The Status of the Policy Package Supported under the RAC ESF; 2. Liquidity Control; 3. Balance of Payments Impact of the Global Slowdown; Tables
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (72 p.)
Specific Material Designation
Form Of Item

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