2merkato

The International Monetary Fund announced that it may be possible to reduce inflation to single digits in Ethiopia by the end of this financial year.

The government has been following a tight and consistent monetary policy to force inflation down to single digits and IMF supports the tightening of federal government monetary and fiscal policies said Jan Mikkelsen, IMF Resident Representative.

The public sector led development strategy of Ethiopia is encouraging although it may have a negative impact on the private sector according to Mikkelsen.

An International Monetary Fund (IMF) team led by Andrea Richter Hume visited Addis Ababa from June 3-17 to conduct discussions for the 2015 Article IV Consultation with Ethiopia.

An International Monetary Fund (IMF) staff team led by Mr. Julio Escolano visited Addis Ababa from September 10 to 26, 2018 to conduct the 2018 Article IV consultation discussions with Ethiopia.

The International Monetary Fund is to push Ethiopia to increase bank rates to counter real interest rates which are deeply in the negative due to the inflation rates.

Real interest rates are negative noted Jan Mikkelsen, Ethiopian Resident Representative of the IMF. The IMF mission making a visit to Ethiopia on the 4th of June will counsel the government to increase interest rates as a monetary policy option to sustain the growth registered over the last years he said.

Ethiopia's economy is projected to grow 7.5 percent, the International Monetary Fund (IMF) said yesterday at a press briefing on Regional Economic Outlook of sub-Saharan Africa 2013 and macroeconomic developments and policies in Ethiopia.

IMF Resident Representative Jan Mikkelsen said that in recent years, economic growth in Ethiopia has been robust.