Ethiopia | Claims on central government (annual growth as % of broad money)

Claims on central government (IFS line 32AN..ZK) include loans to central government institutions net of deposits. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: The banking system's assets include its net foreign assets and net domestic credit. Net domestic credit includes credit extended to the private sector and general government and credit extended to the nonfinancial public sector in the form of investments in short- and long-term government securities and loans to state enterprises; liabilities to the public and private sectors in the form of deposits with the banking system are netted out. Net domestic credit also includes credit to banking and nonbank financial institutions. Domestic credit is the main vehicle through which changes in the money supply are regulated, with central bank lending to the government often playing the most important role. The central bank can regulate lending to the private sector in several ways - for example, by adjusting the cost of the refinancing facilities it provides to banks, by changing market interest rates through open market operations, or by controlling the availability of credit through changes in the reserve requirements imposed on banks and ceilings on the credit provided by banks to the private sector.
Publisher
The World Bank
Origin
Federal Democratic Republic of Ethiopia
Records
63
Source
Ethiopia | Claims on central government (annual growth as % of broad money)
1960
1961 -0.35307964
1962 -5.72519084
1963 5.01029513
1964 6.42112125
1965 -1.40837751
1966 -0.52275593
1967 7.95528122
1968 4.10308579
1969 4.46688899
1970 -1.91290259
1971 -0.35796352
1972 2.38607051
1973 -1.64175155
1974 -4.90930017
1975 14.76265181
1976 16.28802495
1977 10.81703353
1978 12.68127538
1979 10.51237564
1980 6.92392216
1981 -0.70449684
1982 12.32230228
1983 28.87874688
1984 11.26120833
1985 5.62993148
1986 6.89814231
1987 1.15697512
1988 8.07542089
1989 14.56093914
1990 23.08405836
1991 12.31246689
1992 11.13931534
1993 9.80357936
1994 0.48995652
1995 -3.4585198
1996 -4.57466915
1997 6.54779883
1998 4.74670318
1999 16.83188752
2000 19.79229029
2001 -6.99714049
2002 5.80581831
2003 8.53305612
2004 5.61687269
2005 12.76688461
2006 5.34974075
2007 12.85789378
2008 2.47336404
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022

Ethiopia | Claims on central government (annual growth as % of broad money)

Claims on central government (IFS line 32AN..ZK) include loans to central government institutions net of deposits. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: The banking system's assets include its net foreign assets and net domestic credit. Net domestic credit includes credit extended to the private sector and general government and credit extended to the nonfinancial public sector in the form of investments in short- and long-term government securities and loans to state enterprises; liabilities to the public and private sectors in the form of deposits with the banking system are netted out. Net domestic credit also includes credit to banking and nonbank financial institutions. Domestic credit is the main vehicle through which changes in the money supply are regulated, with central bank lending to the government often playing the most important role. The central bank can regulate lending to the private sector in several ways - for example, by adjusting the cost of the refinancing facilities it provides to banks, by changing market interest rates through open market operations, or by controlling the availability of credit through changes in the reserve requirements imposed on banks and ceilings on the credit provided by banks to the private sector.
Publisher
The World Bank
Origin
Federal Democratic Republic of Ethiopia
Records
63
Source