A high-level Ethiopian delegation engaged in talks with the International Monetary Fund (IMF) on advancing Ethiopia’s Homegrown Macroeconomic Reform Agenda during the ongoing World Bank and IMF meetings in Washington, D.C.
The delegation, led by Finance Minister Ahmed Shide, highlighted significant milestones in the reform efforts, including a notable decline in inflation, increased gold exports, and an enhanced trading environment. Despite this progress, Minister Shide urged the IMF to increase concessional financing to match Ethiopia’s evolving financial needs, emphasizing that sustaining reforms entails considerable costs.
Eyob Tekalgin, Governor of the National Bank of Ethiopia (NBE), reported positive developments in negotiations over debt restructuring under the G20 Common Framework, signaling potential relief for the country’s debt burden.
IMF Deputy Managing Director Nigel Clark praised Ethiopia’s strong economic growth and improved macroeconomic stability, describing the reform agenda as a model for other nations. He acknowledged the high costs involved and stressed the importance of continued collaboration to secure additional funding.
Clark announced plans to visit Ethiopia in December 2025 to support the upcoming third review of the reform program, which will take place in Addis Ababa. Both parties confirmed their commitment to closely cooperate throughout this review process to ensure the reform momentum is maintained.
