This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Ethiopia and the IMF. Additional information can be found on the Ethiopia and IMF country page, including official IMF reports and Executive Board documents in English that deal with Ethiopia.
At a Glance
- Current IMF membership: 191 countries
- Ethiopia joined the Fund in December 27, 1945
- Total Quotas: SDR 300.70 Million
- The Federal Democratic Republic of Ethiopia: Staff Report for the 2018 Article IV Consultation, December 4, 2018, Series: Country Report No. 18/354
Office Activities
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Contextualizing Ethiopia’s Recent Economic Performance
Keynote Address by Abebe Aemro Selassie, Director, African Department, IMF at the Ethiopian Economics Association’s 17th International Conference on the Ethiopian Economy.
July 18, 2019
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G20 Compact with Africa Peer Learning Workshop on Private Sector-Led Diversification and Growth
Remarks by Abebe Aemro Selassie, Director, African Department, IMF Addis Ababa, Ethiopia
July 17, 2019
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Regional Economic Outlook for Sub-Saharan Africa and Macroeconomic Issues for Ethiopia
Presentation by the IMF Resident Representative to development partners and private sector representatives
November 1, 2013
IMF's Work on Ethiopia
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November 4, 2024
Series:Country Report No. 2024/318
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October 18, 2024
The Executive Board of the International Monetary Fund (IMF) completed today the first review of the 48-month Extended Credit Facility (ECF) for Ethiopia.
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Transcript of IMF Press Briefing
October 3, 2024
MS. KOZACK: Good morning, everyone. It is great to see you all here in person and online. Welcome to this IMF Press Briefing. I am Julie Kozack, Director of the Communications Department. As usual, this briefing is embargoed until 11:00 a.m. Eastern Time in the United States. I will start with some announcements and then take your questions in person on Webex and via the Press Center.
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IMF Reaches Staff-Level Agreement on the First Review of the Extended Credit Facility for Ethiopia
September 27, 2024
A staff team from the International Monetary Fund (IMF) led by Mr. Alvaro Piris, visited Addis Ababa from September 17 to 26, 2024, to discuss progress on reforms and the authorities’ policy priorities in the context of the first review of Ethiopia’s economic program supported by the IMF’s Extended Credit Facility (ECF).
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July 29, 2024
The IMF Board approved an SDR 2.556 billion (about US$3.4 billion) ECF arrangement for Ethiopia. This decision will enable an immediate disbursement equivalent to SDR 766.75 million (about US$1 billion).
Regional Economic Outlook
October 25, 2024
Reforms amid Great ExpectationsSub-Saharan African countries are implementing difficult and much needed reforms to restore macroeconomic stability, and while overall imbalances have started to narrow, the picture is varied. Policymakers face three main hurdles. First, regional growth, at a projected 3.6 percent in 2024, is generally subdued and uneven, although it is expected to recover modestly next year to 4.2 percent. Second, financing conditions continue to be tight. Third, the complex interplay of poverty, scarce opportunities, and weak governance--compounded by a higher cost of living and short-term hardships linked to macroeconomic adjustment--are fueling social frustration. Within this environment, policymakers face a difficult balancing act in striving for macroeconomic stability while also working to address development needs and ensure that reforms are socially and politically acceptable. Protecting the most vulnerable from the costs of adjustment and realizing reforms that create sufficient jobs will be critical to mobilize public support.
Read the Report
Departmental Papers on Africa
The Departmental African Paper Series covers research on sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.