ADDIS ABABA, Dec. 24 -- The International Monetary Fund (IMF) on Tuesday expressed its support to Ethiopia's ongoing economic reform initiative that aimed to eliminate macroeconomic imbalances and lay the foundation for sustainable and inclusive growth.
The IMF, which approved about 2.9 billion U.S. dollars funding arrangements to Ethiopia late last week, on Tuesday said that the support is aimed at supporting the Ethiopian government's Homegrown Economic Reform Program.
"The authorities have developed their very own ambitious Homegrown Economic Reform Plan tailored to the country's needs and preferences. They have engaged in wide-ranging outreach to discuss the economy's future with key stakeholders and have taken important initial steps to implement reforms," the IMF said in its review of Ethiopia's economic reform agenda issued on Tuesday.
According to IMF, the initiative, in addition to addressing Ethiopia's foreign exchange shortage, would also reduce debt vulnerabilities, as well as reforming the financial sector and boosting revenue mobilization which will be supported by the provision of technical assistance and training.
Noting that Ethiopia's economic agenda's monetary policy would bring the country's inflation rate into single digits, the IMF said that exchange rate reform under the initiative "will address foreign exchange shortages and increase exchange rate flexibility and, combined with structural reform, will further improve export competitiveness."
"Revenue reforms and efforts to increase the efficiency of public investment will ensure that infrastructure and social spending needs are met while maintaining sustainable debt levels," the statement read.
The IMF, however, stressed that financial sector development needs to be accompanied by stronger supervision and financial safety nets to ensure that the financial sector remains stable.
The east African country had recently announced that it would need as much as 10 billion U.S. dollars to successfully implement the three years long national economic reform. The reform is designed to reduce external imbalances, contain debt vulnerabilities, lift financial repression, increase domestic resource mobilization which will also help devote adequate resources to pro-poor spending.
The required financial amount is expected to be mobilized from domestic resources and international development partners.
Last week, the Ethiopian government had disclosed that the World Bank and IMF have pledged to extend more than 5 billion U.S. dollars over the coming three years to support Ethiopia's ongoing economic reform.
On Dec. 14, Ethiopian Prime Minister Abiy Ahmed also announced over 3 billion U.S. dollars financial pledge from Ethiopia's Development Assistance Group to the reforms.
口语情景对话:走遍美国精选 偷得浮生半日闲ACT 3 - 1
2011年实用口语练习:静观其变
实用口语:关于兔子的英语口语
疯狂口语要素精选 7
实用口语:英语口语要素精选 18
中国常犯的英语口语错误
实用口语情景轻松学:飞机事故真是太惨了
实用盘点:赞美他人时必备口语
奥运会实用英语口语200句:这是一个非常受人欢迎的目的地
新东方英语口语开口篇:打招呼(3)
英文情景对话:我想吃真正的中国菜
实用口语情景轻松学:你最喜欢哪个季节?
实用口语情景轻松学:求职面试
英语流行语:你跟谁“合得来”?
口语情景对话:一个真正的斯图尔特家的后代ACT 1 - 3
美国生活必备口语:租房英语大全(1)
奥运会实用英语口语200句: 我经常用互联网学英语
大学新生常用口语:熟悉校园和同学
口语情景对话:走遍美国精选 当仁不让 ACT 3 - 1
新东方英语口语开口篇:描述外貌(3)
学会用英文的感叹句
实用口语情景轻松学:你知道怎么申请赴美签证吗?
2011年实用口语练习:In the library 在图书馆
2011年实用口语练习:一起来找“茶”
20条地道实用英语句型(2)
2011年实用口语练习:歉意怎么说出口(2)
2011年实用口语练习:今天你“团”了吗
老外“精神不好”时会说些什么
实用口语情景轻松学:你能借我点儿钱吗?
实用口语:Nicole's day at school
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |