Sunday, October 20, 2013

IMF Concludes Consultation with Ethiopia

The International Monetary Fund (IMF) concluded Article IV consultations with Ethiopia on 18 September 2013 and issued a press release on 17 October.  It concluded that recent macroeconomic developments in Ethiopia "are encouraging, with a significant deceleration in inflation and continued robust economic growth."  Going forward, the IMF agreed that Ethiopia's public-sector-led strategy needs to be recalibrated, with greater participation by the private sector to sustain robust and inclusive growth and mitigate vulnerabilities

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