Prudent budget execution led to a lower-than-planned fiscal deficit, estimated at 2.5 percent of GDP. An International Monetary Fund (IMF) staff team led by Mr. Julio Escolano visited Addis Ababa from September 13 to 26, 2017 to conduct the 2017 Article IV consultation discussions with Ethiopia. Social needs remain large, and the staff team supports the authorities’ intention to protect pro-poor spending programs. Improving economic statistics would support policymaking and investor confidence.”“The IMF staff team had the opportunity to present its key findings and recommendations to H.E. The staff team would like to thank the authorities for their hospitality and constructive discussions.”“The Executive Board of the IMF is expected to discuss the staff report for Ethiopia in November 2017.”

Source: Ethiopian News September 26, 2017 18:45 UTC