Title 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

Published Washington, D.C. : International Monetary Fund, ©2009

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Description 1 online resource (69 pages) : illustrations Series IMF country report ; no. 09/296 IMF country report ; no. 09/296. Summary 1. Ethiopia has faced a turbulent external economic environment of late, as commodity price movements and, later, global recession produced a series of shocks to the balance of payments. Rapid import growth, fueled in part by public spending, created pressure on reserve levels even prior to the surge in world food and fuel prices in 2007-08. The price surge then helped push reserves down to some $0.9 billion (1.2 months of imports) by mid-2008, while also contributing to an exceptional jump in consumer price inflation Notes "September 2009." Bibliography Includes bibliographical references Notes Print version record Subject International Monetary Fund -- Ethiopia SUBJECT International Monetary Fund fast Subject Global Financial Crisis, 2008-2009. Financial crises -- Ethiopia Fiscal policy -- Ethiopia Monetary policy -- Ethiopia Foreign exchange rates -- Ethiopia Debts, External -- Ethiopia Debts, External Economic history Economic policy Financial crises Fiscal policy Foreign exchange rates Monetary policy SUBJECT Ethiopia -- Economic conditions -- 1974- http://id.loc.gov/authorities/subjects/sh85045134 Ethiopia -- Economic policy Subject Ethiopia Form Electronic book Author International Monetary Fund. ISBN 1280891475 9781280891472 9781451812855 145181285X 9781451879889 1451879881

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