Ethiopia: IMF Positive on Country's Growth Outlook

The International Monetary Fund (IMF) has praised Ethiopia's consecutive economic growth for the past three years as "the fastest in Ethiopia's recent history". In a statement its Board of Directors issued on Friday, June 15, 2007, the IMF said not only has the government of Prime Minister Meles Zenawi registered an annual real per capita increase of seven per cent, but also has an economic expansion that "has significantly contributed to poverty reduction and progress towards the Millennium Development Goals (MDG)."

This is pleasant news delivered from a rather cautious organisation that has a history of being very conservative when going into raptures over the 185 member countries' economic performances. It is IMF's first time to show generosity in its words to Ethiopia's economic performance, breaking away from its tradition of issuing very careful statements over the past five years.

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