Ethiopia, Recent Economic Developments

Addis Ababa adjustment administrative Afar Region African Development Bank AIDB Appendix Table arrears Assab average balance of payments Bank of Ethiopia banking system bilateral borrowing broad money cash Central Government coffee exports coffee prices Commercial Bank commodity cooperatives counterpart funds declined devaluation Development disbursements donors economic ending July enterprises and parastatals ERRP Ethiopian Airlines Ethiopian birr Ethiopian Insurance exchange rate expenditures foreign exchange auction growth implementation increased industry interest rates investment June licenses loans mainly marginal rate Memorandum items millions of birr Ministry of Finance monetary survey National Bank October official transfers owing percent at end-June percent of GDP percent of total period private sector Proclamation profit projects public enterprises receipts reflecting reform Regions reserves Retail Price Index sales tax savings deposits share Source STABEX staff estimates substantially tariff total imports trade transactions transport U.S. dollar wage