Publication:
Second Ethiopia Economic Update : Laying the Foundation for Achieving Middle Income Status

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dc.contributor.authorWorld Bank
dc.date.accessioned2014-01-30T19:26:41Z
dc.date.available2014-01-30T19:26:41Z
dc.date.issued2013-06
dc.description.abstractOver the past decade, Ethiopia has achieved high economic growth, averaging 10.7 percent per year. In 2012, Ethiopia was the 12th fastest growing economy in the World. If the country can continue its historically impressive growth performance, it could potentially reach middle income status by 2025. This, in turn, may require an adjustment in economic policy to phase in the private sector as an additional engine of growth. Moreover, Ethiopia needs to make progress on two related important fronts: enhancing domestic savings, and, resolving the bottlenecks of the trade logistics system. This Second Ethiopia economic update, prepared in collaboration with the Government of Ethiopia, offers policy guidance on how to move forward. Chapter one discusses Ethiopia's growth strategy, which emphasizes a strong expansion of public investment. This model has delivered impressive results, although the underlying macro policy mix highlights important challenges going forward suggesting that an adjustment to strategy may be warranted. One policy challenge relates to raising sufficient domestic savings to finance one of the highest public investment rates in the world, as discussed in chapter two. Another challenge relates to strengthening the competitiveness of the economy, to boost the lagging export performance, and attract foreign direct investment. Ethiopia's trade logistics system is a key constraint in this regard, as highlighted in chapter three.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/06/18594155/ethiopia-second-economic-update-laying-foundation-achieving-middle-income-status
dc.identifier.doi10.1596/16740
dc.identifier.urihttps://hdl.handle.net/10986/16740
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAGGREGATE DEMAND
dc.subjectAGRICULTURE
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANK ACCOUNT
dc.subjectBANK ASSETS
dc.subjectBANK BRANCH
dc.subjectBANK BRANCH NETWORKS
dc.subjectBANK BRANCHES
dc.subjectBANK DEBT
dc.subjectBANK FINANCING
dc.subjectBANKING SECTOR
dc.subjectBANKING SECTOR ASSETS
dc.subjectBANKING SYSTEM
dc.subjectBANKING SYSTEMS
dc.subjectBASE YEAR
dc.subjectBID
dc.subjectBLACK MARKET
dc.subjectBOND
dc.subjectBOND INVESTMENTS
dc.subjectBONDS
dc.subjectBRANCH NETWORKS
dc.subjectBROAD MONEY
dc.subjectBUDGETING
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL OUTLAYS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCERTIFICATES OF DEPOSIT
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL TERMS
dc.subjectCOMMODITY PRICES
dc.subjectCOMPETITIVE BIDDING
dc.subjectCOMPETITIVE TENDERS
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER GOODS
dc.subjectCREDIT GROWTH
dc.subjectCREDITORS
dc.subjectCURRENCY
dc.subjectCURRENCY APPRECIATION
dc.subjectCURRENCY DEPRECIATION
dc.subjectCURRENCY DEVALUATIONS
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectDEBT
dc.subjectDEBT BURDEN
dc.subjectDEBT MANAGEMENT
dc.subjectDEBT RATIOS
dc.subjectDEBT RELIEF
dc.subjectDEBT SERVICE
dc.subjectDEPOSITS
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectDEVELOPMENT BANK
dc.subjectDISBURSEMENT
dc.subjectDISBURSEMENTS
dc.subjectDISPOSABLE INCOME
dc.subjectDOMESTIC BANKING
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC LIQUIDITY
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC POLICY
dc.subjectECONOMIC SECTORS
dc.subjectEXCESS LIQUIDITY
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT COMPETITIVENESS
dc.subjectEXPORT GROWTH
dc.subjectEXPORT PERFORMANCE
dc.subjectEXTERNAL BORROWING
dc.subjectEXTERNAL DEBT
dc.subjectFINANCES
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL LITERACY
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFISCAL POLICY
dc.subjectFIXED CAPITAL
dc.subjectFIXED INVESTMENT
dc.subjectFORECASTS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKET
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFREE TRADE
dc.subjectGDP
dc.subjectGDP DEFLATOR
dc.subjectGDP PER CAPITA
dc.subjectGENERALIZED SYSTEM OF PREFERENCES
dc.subjectGINI COEFFICIENT
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT INVESTMENT
dc.subjectGOVERNMENT POLICIES
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT REVENUES
dc.subjectGOVERNMENT SAVING
dc.subjectGOVERNMENT SAVINGS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROSS NATIONAL SAVINGS
dc.subjectGROWTH OPPORTUNITY
dc.subjectGROWTH RATE
dc.subjectHOUSEHOLD SAVINGS
dc.subjectHUMAN DEVELOPMENT
dc.subjectIMPORT COSTS
dc.subjectINCOME
dc.subjectINCOME GROWTH
dc.subjectINCOME LEVEL
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLATION RATES
dc.subjectINFLATIONARY PRESSURE
dc.subjectINFORMAL SAVINGS
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINSTRUMENT
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL FINANCE
dc.subjectINVENTORIES
dc.subjectINVESTMENT ACTIVITIES
dc.subjectINVESTMENT ACTIVITY
dc.subjectINVESTMENT DECISIONS
dc.subjectINVESTMENT FINANCING
dc.subjectINVESTMENT PROCEEDS
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTMENT PROPOSALS
dc.subjectINVESTMENT RATE
dc.subjectINVESTMENT RATES
dc.subjectINVESTMENT STRATEGY
dc.subjectKEY CHALLENGE
dc.subjectLABOR MARKET
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY POSITION
dc.subjectLOAN
dc.subjectLOAN CONTRACT
dc.subjectLOAN TERM
dc.subjectLOANABLE FUNDS
dc.subjectLOCAL CURRENCY
dc.subjectM2
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET PRICE
dc.subjectMATURITY
dc.subjectMICRO FINANCE
dc.subjectMICRO FINANCE INSTITUTIONS
dc.subjectMICRO FINANCING
dc.subjectMICRO-FINANCE
dc.subjectMICRO-FINANCE INSTITUTIONS
dc.subjectMONETARY AUTHORITIES
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICY
dc.subjectMONEY MULTIPLIER
dc.subjectMONEY SUPPLY
dc.subjectNATIONAL BANK
dc.subjectNATIONAL INCOME
dc.subjectNATIONAL SAVING
dc.subjectNET EXPORTS
dc.subjectNOMINAL INTEREST RATE
dc.subjectNON-PERFORMING LOAN
dc.subjectNON-PERFORMING LOANS
dc.subjectOPEN MARKET
dc.subjectOPEN MARKET OPERATIONS
dc.subjectOUTPUT PER CAPITA
dc.subjectPENSION
dc.subjectPENSION SYSTEM
dc.subjectPER CAPITA INCOME
dc.subjectPRIVATE BANKS
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE SECTOR CREDIT
dc.subjectPUBLIC BANKS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC SAVING
dc.subjectPUBLIC SAVINGS
dc.subjectPUBLIC SECTOR DEBT
dc.subjectQUANTITY THEORY OF MONEY
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL GDP
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATE
dc.subjectREAL INTEREST RATES
dc.subjectRECURRENT EXPENDITURES
dc.subjectREMITTANCES
dc.subjectRESERVE
dc.subjectRESERVE REQUIREMENT
dc.subjectRESERVE REQUIREMENTS
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectSAVINGS
dc.subjectSAVINGS RATE
dc.subjectSAVINGS RATES
dc.subjectSAVINGS SCHEMES
dc.subjectSTRUCTURAL CHANGE
dc.subjectSUPPLY CHAIN
dc.subjectT-BILLS
dc.subjectTAX
dc.subjectTAX COLLECTION
dc.subjectTAX RATES
dc.subjectTAX REVENUES
dc.subjectTAXATION
dc.subjectTERMS OF CREDIT
dc.subjectTOTAL OUTPUT
dc.subjectTRADE BALANCE
dc.subjectTRADE DEFICIT
dc.subjectTRADING
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTREASURY BILL
dc.subjectTREASURY BILL RATE
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectVALUE ADDED
dc.subjectVELOCITY OF MONEY
dc.subjectWAREHOUSES
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.titleSecond Ethiopia Economic Update : Laying the Foundation for Achieving Middle Income Statusen
dspace.entity.typePublication
okr.date.disclosure2013-12-03
okr.date.doiregistration2025-05-07T12:42:46.826095Z
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2013/06/18594155/ethiopia-second-economic-update-laying-foundation-achieving-middle-income-status
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid885721468031488091
okr.identifier.externaldocumentum000442464_20131203113831
okr.identifier.internaldocumentum18594155
okr.identifier.report78501
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/12/03/000442464_20131203113831/Rendered/PDF/785010Revised00Box0379884B00PUBLIC0.pdfen
okr.region.administrativeAfrica
okr.region.countryEthiopia
okr.sectorPublic Administration, Law, and Justice::Central government administration
okr.sectorPublic Administration, Law, and Justice::Sub-national government administration
okr.sectorPublic Administration, Law, and Justice::Public administration- Finance
okr.sectorPublic Administration, Law, and Justice::Public administration- Industry and trade
okr.sectorPublic Administration, Law, and Justice::General public administration sector
okr.themeEconomic management::Analysis of economic growth
okr.themeEconomic management::Macroeconomic management
okr.themeFinancial and private sector development
okr.themeTrade and integration::Export development and competitiveness
okr.themeTrade and integration::Other trade and integration
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth
okr.unitAFT: PREM 2 (AFTP2)
okr.volume1 of 1
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