Monday , April 15 2024

IMF applauds Ethiopia’s monetary tightening

The International Monetary Fund (IMF) has applauded steps taken to bring down inflation and stabilize the economy in Ethiopia.

The initiatives include significant fiscal and monetary tightening by authorities in Ethiopia.

“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,” said Alvaro Piris following a visit to Addis Ababa recently to hold discussions with authorities.

Piris said discussions will continue to reach an agreement on a set of reforms for the requested program.

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