![]() ![]() ![]() The previous reform agenda, initiated in 2019, aimed to maintain a stable macroeconomic environment, reduce debt vulnerabilities, and limit inflation to single digits. The forthcoming macroeconomic reform will primarily focus on two aspects: halving the debt-to-GDP ratio and reducing inflation to below 30%. Led by Eyob Tekalign (PhD), State Minister for Finance, the consultations centered around economic reforms to be implemented in the next three years. The announcement comes two weeks after the conclusion of consultations with the executive committee of the Development Assistance Group (DAG). The objective of these reforms is to revive an economy impacted by both domestic and international conflicts. Prime Minister Abiy Ahmed (PhD) revealed during a briefing with parliament members on 06 July 2023, that the next phase of reforms will commence the following week. Photo: PMOĪddis Abeba – The government is set to push forward with the second phase of its home-grown economic reform agenda, despite lackluster results from the initial phase implemented over the past three years. A delegation led by Prime Minister Abiy Ahmed that included Finance Minister Ahmed Shide and the governor of the National Bank of Ethiopia, Mamo Mihretu, met with Kristalina Georgieva, managing director of the IMF, at the Paris Summit for New Global Financing Pact. ![]()
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