The Federal Democratic Republic of Ethiopia : Joint Staff Advisory Note of the Poverty Reduction Strategy Paper: 2003/04 Annual Progress Report

This paper presents a Joint Staff Advisory Note on the Federal Democratic Republic of Ethiopia's Poverty Reduction Strategy. Excessive domestic bank financing of the budget deficit could crowd out the private sector, increase pressure on reserve and inflation targets, and, given the already hig...

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Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2006, 2006
Series:IMF Staff Country Reports, Country Report
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Summary:This paper presents a Joint Staff Advisory Note on the Federal Democratic Republic of Ethiopia's Poverty Reduction Strategy. Excessive domestic bank financing of the budget deficit could crowd out the private sector, increase pressure on reserve and inflation targets, and, given the already high levels of domestic debt, increase vulnerability to macroeconomic shocks. Public infrastructure investment recently increased substantially despite the lack of sound cost-benefit analysis. The strong pro-poor emphasis of government expenditure is paying off in terms of improvements in education and provision of health services
Physical Description:8 p.
ISBN:1451812760
9781451812763