IMF Praises Ethiopia’s Reform Progress

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IMF Deputy Managing Director Nigel commended Ethiopia’s economic reform momentum during meetings with senior officials in Addis Ababa. Clarke said the Homegrown Economic Reform Agenda, supported by a four-year IMF program, has delivered notable gains, including stronger foreign exchange reserves, lower inflation, and rising tax revenues. Finance Minister Ahmed Shide said the reforms are stabilizing the economy and promoting private sector-led growth. Officials also noted improved export earnings and a more flexible foreign exchange market.