Friday, October 14, 2011

Ethiopia’s ‘Distorted’ Monetary Plan Needs Reform, IMF Says

“High and rising inflation and entrenched negative real interest rates also threaten Ethiopia’s macroeconomic stability.” The coffee-producing nation’s commodity-dependent economy grew 8 percent last year, versus 10 percent in 2010, the fifth- fastest in sub-Saharan Africa after the Democratic Republic of Congo, Zimbabwe, Botswana and Nigeria, IMF data showed. Read more…

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