278 The CSAR acknowledges the weaknesses in implementing many standards and codes due to a lack of human and financial resources in most government departments, especially in rural decentralised structures. This is an issue that should be taken seriously. III. Recommendations 279 The APR Panel recommends that Ethiopia: • Direct each Ministry and Agency to keep proper records of the standards and codes and practices that have been adopted and have been, or are being implemented, in order to adequately monitor their status. [Ministry of Foreign Affairs; Parliament] • Establish a depository centre at the Ministry of Foreign Affairs for centralised documentation of the standards and codes and practices that have been adopted and have been, or are being implemented for the purposes of adequate monitoring. [Ministry of Foreign Affairs] • Disseminate public information on the standards and codes and practices that have been adopted and have been, or are being implemented. [Ministry of Foreign Affairs; Parliament] 4.3 Assessment of the Performance of APRM Objectives Objective 1: Promote Macroeconomic Policies that support Sustainable Development I. Summary of the CSAR 280 As reported in the CSAR, macroeconomic performance in the recent past has been remarkable despite internal and external shocks to the economy. Significant achievements have been made in, inter alia, economic growth, inflation control, employment creation, domestic resource mobilisation and decline in fiscal deficits, export promotion (particularly of non-tradition exports), food security, private sector development, and investment. Over the past five years, Ethiopia encountered internal and external shocks that led to high inflationary pressures, trade account deficits and declining external reserves. However, government adopted several domestic borrowing reduction measures, diversified export items and markets, expanded private sector participation in agriculture and agroindustry, and promoted investments in the cut-flower industry, as well as improving the regulatory environment for medium- and small-scale industries. - 124 -

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