International Monetary Fund (IMF) team noted the important steps that have been taken by the government of Ethiopia to bring down inflation and stabilize the economy, including significant fiscal and monetary tightening in Ethiopia.
An IMF mission led by Alvaro Piris visited Addis Ababa from September 25 to October 3, 2023, to hold discussions on IMF's support for the reform program, a press release issued by IMF said.
Discussions continued this week at the IMF Annual Meetings in Marrakech.
At the end of the visit, Mr. Piris issued the following statement: “The IMF team noted the important steps that have been taken to bring down inflation and stabilize the economy, including significant fiscal and monetary tightening.”
This has put in place a critical foundation for success of the Homegrown Economic Reform Agenda, which aims to fulfill Ethiopia’s considerable economic potential.
The mission made good progress in discussing how the IMF could support the government economic program.
Discussions will continue in the coming weeks, it said.
Source: Ethiopian News Agency