IMF Deputy Managing Director Commends Ethiopia for its Robust Reform Program

Addis Ababa, April 27, 2025 (POA) –The high level Ethiopian delegation comprised of Finance Minister Ahmed Shide, Governor of the National Bank of Ethiopia, Mamo Mihretu and other members, had a constructive discussion with the recently appointed IMF deputy Managing Director Nigel Clarke.

The two sides conducted the discussion during the 2025 Spring Meetings of IMF and World Bank in Washington DC.

The meeting discussed the strong progress in the implementation of Ethiopia’s macroeconomic reform and reviewed the findings of the third IMF program review mission held in Ethiopia in early April 2025.

 

The Minister acknowledged IMF's technical and financial support, which has been instrumental in advancing Ethiopia’s reform agenda aimed at unlocking the country’s full economic potential by opening up and modernizing the economy, unlocking new growth opportunities, and fostering private sector investment to create jobs and improve living standards in the country.  

The IMF deputy MD commended the Government on the robust reform program and progress in achieving key macroeconomic targets despite the challenging global environment, including drop in inflation, significant rise in exports, enhanced revenue mobilization, and the improving business climate, among others.

The meeting concluded with a reaffirmed commitment for close collaboration and sustained support from the IMF to implement the reform plan to help fast track Ethiopia’s growth and sustainable development.