## IMF Staff Concludes Visit to Ethiopia

_IMF News, October 12, 2023_

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**Canonical URL:** [IMF Staff Concludes Visit to Ethiopia](https://www.imf.org/en/news/articles/2023/10/12/pr23350-ethiopia-imf-staff-concludes-visit-to-ethiopia)

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## Bibliographic details
- Published: October 12, 2023

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### Mission visit and timeline
- Press Release No. 23/350
- Mission led by Mr. Alvaro Piris visited Addis Ababa from September 25 to October 3, 2023.
- Discussions continued during the IMF Annual Meetings in Marrakech.
- This mission will not result in a Board discussion.

### Staff findings
- The IMF team noted important steps taken to bring down inflation and stabilize the economy, including significant fiscal and monetary tightening.
- These measures have put in place a critical foundation for success of the Homegrown Economic Reform Agenda, which aims to fulfill Ethiopia’s considerable economic potential.
- Views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board.

### Progress on program discussions and next steps
- The mission made good progress in discussing how the IMF could support the authorities’ economic program.
- Discussions will continue in the coming weeks to reach an agreement on a set of reforms for the requested program.

### Communications and media contact
- IMF Communications Department, MEDIA RELATIONS
- PRESS OFFICER: Nico Mombrial
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- Social: @IMFSpokesperson

*Press Release No. 23/350, IMF Communications Department (October 12, 2023).*

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## References

- [The Federal Democratic Republic of Ethiopia and the IMF](http://www.imf.org/external/country/ETH/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2023/10/12/pr23350-ethiopia-imf-staff-concludes-visit-to-ethiopia_