Monday, October 20, 2014
The International Monetary Fund published in October 2014 the Staff Report for the 2014 Article IV Consultation with Ethiopia. This 76 page document concluded that Ethiopia's growth is expected to remain strong, driven mainly by agriculture and services. Inflation should continue to remain in single digits, in line with a tight monetary policy. Key downside risks include insufficient financing for infrastructure investment in the Growth and Transformation Plan, lower prices of main export commodities, and weather-related shocks, particularly a drought.