The National Bank of Ethiopia published highlights from a “Governor’s Talk” held on the sidelines of the 2025 IMF-World Bank Spring Meetings, in which its Governor set out Ethiopia’s ongoing macroeconomic reform programme across the monetary, financial and external sectors, including adoption of a price-based monetary policy framework and a shift toward a market-determined exchange rate system. The overview focused on reforms intended to curb inflation and improve policy transparency, along with efforts to strengthen the financial sector through modernised financial infrastructure, a reinforced regulatory environment and broader financial inclusion. Measures to improve foreign exchange availability and strengthen the balance of payments position were also cited, with the Governor pointing to early results including a decline in inflation, increased resilience and transparency in the financial sector, and improved foreign exchange reserves and external sector stability. A recording of the full “Governor’s Talk” session is available online.
National Bank of Ethiopia 2025-04-28
National Bank of Ethiopia Governor reviews macroeconomic reforms spanning monetary policy, financial sector regulation and exchange rate system
The National Bank of Ethiopia outlined its macroeconomic reform programme during a "Governor’s Talk" at the 2025 IMF-World Bank Spring Meetings. Key reforms include adopting a price-based monetary policy framework, transitioning to a market-determined exchange rate, and enhancing financial sector resilience and transparency. Early results show reduced inflation, improved foreign exchange reserves, and strengthened external sector stability.