The Federal Democratic Republic of Ethiopia Debt Sustainability Analysis

This paper presents key findings of debt sustainability analysis (DSA) for Ethiopia. The stress tests reveal that Ethiopia's external debt and debt service indicators are particularly sensitive to the terms of new borrowing and negative export shocks. The baseline projections appear fragile to...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2005
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Ethiopia, The Federal Democratic Republic of 
653 |a Exports and Imports 
653 |a Public Finance 
653 |a International Lending and Debt Problems 
653 |a Exports 
653 |a Debts, External 
653 |a Public finance & taxation 
653 |a Public debt 
653 |a Macroeconomics 
653 |a Debt Management 
653 |a Fiscal Policy 
653 |a International trade 
653 |a Debts, Public 
653 |a Trade: General 
653 |a Debt sustainability analysis 
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520 |a This paper presents key findings of debt sustainability analysis (DSA) for Ethiopia. The stress tests reveal that Ethiopia's external debt and debt service indicators are particularly sensitive to the terms of new borrowing and negative export shocks. The baseline projections appear fragile to adverse shocks and embody optimistic assumptions relative to Ethiopia's historical trend over the past 10 years. The public debt DSA indicates some risk arising from output growth and the primary balance remaining at historical averages