Download or read book The Federal Democratic Republic of Ethiopia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-11-24 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ethiopia has successfully implemented policies to reduce inflation and rebuild external reserves. Fiscal policy aims to continue the strong focus on physical and social infrastructure investment while raising the revenue effort. The recent reframing of monetary policy to adopt a reserve money nominal anchor holds out the prospect for the end of financial repression. While the External Shocks Facility-supported program has achieved its objectives of macroeconomic stabilization and a rebuilding of external reserves, much remains to be done to sustain and accelerate growth.