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The Federal Democratic Republic of Ethiopia :, Second Review of the 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

Ethiopia has successfully implemented policies to reduce inflation and rebuild external reserves. Fiscal policy aims to continue the strong focus on physical and social infrastructure investment while raising the revenue effort. The recent reframing of monetary policy to adopt a reserve money nominal anchor holds out the prospect for the end of financial repression. While the External Shocks Facility-supported program has achieved its objectives of macroeconomic stabilization and a rebuilding of external reserves, much remains to be done to sustain and accelerate growth
Table Of Contents
Cover; Contents; Executive Summary; I. Recent Economic Developments and Performance under the Program; Figures; 1. Official and Parallel Exchange Rates; II. Policy Discussions; 2. Treasury Bills Outstanding and Yield; 3. Selected Sub-Saharan African and Asian Countries: Broad Money-to-GDP; A. Reforming Monetary and Financial Policies to Promote Monetization; 4. Reserve Money Growth and Excess Reserves; B. Maintaining Fiscal Sustainability; C. Sustaining Growth Momentum in the Medium Term; III. Safeguards; IV. Staff Appraisal; Tables
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (39 p.)
Specific Material Designation
Form Of Item

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