Ethiopia: IMF Chief to Make First Visit to Ethiopia, Amid Ongoing Economic Reforms

The Ministry of Finance announced that the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, will make a two-day working visit to Ethiopia from February 8 to 9, 2025.

According to the Ministry, Georgieva will hold discussions with senior Ethiopian government officials, marking her first visit to the country since assuming office in 2019.

Her visit comes as Ethiopia implements major macroeconomic reforms, including a shift to a market-based foreign exchange regime and tax adjustments aimed at increasing revenue. In July 2024, the IMF approved a $3.4 billion four-year Extended Credit Facility (ECF) to support Ethiopia's "Homegrown Economic Reform Agenda," unlocking critical financing.

The first review of the program led to a disbursement of $350 million, while the second, completed on January 17, 2025, approved an additional $248 million.

The Ministry stated that her agenda includes meetings with Prime Minister Abiy Ahmed and other high-ranking officials to review Ethiopia's economic development, key policy priorities, and ongoing reforms.

Additionally, the IMF chief is expected to engage with representatives from Ethiopia's private sector to discuss the business climate and investment opportunities. Her visit will also include stops at various social development projects, according to the statement.

AllAfrica publishes around 500 reports a day from more than 110 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.