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Balance of Payments and International FDI Position in Ethiopia: FY2019/20
Ethiopian merchandise export earnings have been volatile since 2016. The current account balance has improved despite the volatility in merchandise export earnings. The balance of payments has been volatile despite the persistent inward foreign direct investment (FDI) inflows. These capital flows have supported Ethiopia’s balance of payments but worsened the country’s net international FDI position. Ethiopia’s balance of payments is projected to recover to a surplus in 2022/23 which should increase gross official reserves in the medium-term.