IMF Executive Board Concludes 2011 Article IV Consultation with Ethiopia

October 13, 2011

Under Article IV of its Articles of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and exchange rate policies of its members in order to ensure the effective operation of the international monetary system. The IMF’s appraisal of such policies involves a comprehensive analysis of the general economic situation and policy strategy of each member country. IMF economists visit the member country, usually once a year, to collect and analyze data and hold discussions with government and central bank officials. Upon its return, the staff submits a report to the IMF’s Executive Board for discussion. The Board’s views are subsequently summarized and transmitted to the country’s authorities

The IMF Executive Board also discussed the IMF and World Bank staff Joint Staff Advisory Note on the Ethiopia’s Growth and Transformation Plan for 2010/11-2014/15 

source IMF