Addis Ababa, October 26, 2025 (FMC) — Ethiopia’s macro-level performance in the first 100 days of the 2025/26 fiscal year has demonstrated significant achievements across all sectors, indicating that the country’s growth trajectory is inevitable, senior officials said.

Prime Minister Abiy Ahmed (PhD) visited the Koysha Hydroelectric Dam Project this week together with members of the Council of Ministers as part of assessing the nation’s macroeconomic performance during the period.

Ministers and senior officials highlighted that the first 100 days saw tangible results in agriculture, industry, services, and tourism.

The Minister of Labor and Skills, Ms. Muferihat Kamil, reported that leadership efforts are focused on identifying citizens’ skills and knowledge and turning them into national assets.

Addis Ababa, October 24, 2025 (FMC) — Ethiopia and Argentina signed a Bilateral Market Access Protocol today at the World Trade Organization (WTO) headquarters in Geneva, marking a major step forward in Ethiopia’s bid for WTO membership.

The agreement was signed by Mr. Tsegab Kebebew Daka, Ambassador and Permanent Representative of Ethiopia to the United Nations Office and other International Organizations in Geneva, and Mr. Gustavo Nerio Lunazzi, Ambassador and Permanent Representative of Argentina to the WTO.

Speaking at the ceremony, Ambassador Tsegab highlighted that the Protocol not only propels Ethiopia’s WTO accession process but also reinforces bilateral relations with Argentina and enhances cooperation within the global trading system.

Addis Ababa, October 23, 2025 (FMC) — Ethiopia’s economy is projected to expand by 10.2 percent in the 2025/26 fiscal year (2018 Ethiopian calendar), reflecting continued resilience, strong reform momentum, and sustained growth across key sectors, according to the Office of the Prime Minister.

The projection was presented during the Council of Ministers’ 100-day macroeconomic performance review, which examined global economic trends, Ethiopia’s quarterly economic outcomes, and the nation’s medium-term growth outlook.

According to the review, Ethiopia maintained robust growth in the previous fiscal year, registering 9.2 percent GDP expansion, driven by steady gains in agriculture (7.3%), industry (13%), and services (7.5%). The country’s economic structure remains diversified, with agriculture . '  ' 

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Addis Ababa, October 24, 2025 (FMC) — Ethiopia recorded robust economic performance in the first quarter of the 2025/26 fiscal year (2018 Ethiopian calendar), with significant achievements in job creation, sectoral production, and revenue mobilization, according to the Minister of Planning and Development, Ms. Fitsum Assefa (PhD).

In her report on the Council of Ministers’ 100-day macroeconomic performance review, the Minister highlighted that a total of 671,589 job opportunities were created during the quarter, both domestically and abroad. Of these, 535,000 jobs were domestic employment, including 186,000 in agriculture, 122,000 in industry, and 227,000 in services. Meanwhile, 136,589 overseas employment opportunities were facilitated.

Ms. Fitsum emphasized that skill-based training played a critical role in these achievements, noting that over 659,000 short-term skill development programs were provided across various sectors to enhance employability.

Addis Ababa, October 24, 2025 (FMC) – The National Bank of Ethiopia (NBE) has directed all commercial banks to identify and report businesses and individual traders conducting operations through personal or third-party bank accounts, warning that such practices undermine financial oversight and may be linked to illegal activities.

In a statement released today, the central bank said its recent assessment under Proclamation No. 1359/2025 revealed that a significant number of businesses and traders are using personal or third-party accounts instead of their registered business accounts.

The NBE noted that this practice appears aimed at evading tax oversight and could involve proceeds of crime or transactions related to illicit activity.

“To safeguard the soundness and integrity of the financial system, the National Bank of Ethiopia will undertake coordinated action to curb these illicit practices,” the statement said.

Addis Ababa, October 23, 2025 (FMC) — Ethiopia has achieved *significant progress in consolidating its development partnerships* and securing international support for its economic reform agenda during the World Bank and International Monetary Fund (IMF) Annual Meetings held recently in Washington, D.C., Finance Minister Ahmed Shide said.

Reflecting on the outcomes of the meetings, Minister Ahmed noted that the Ethiopian delegation “successfully completed its engagements and strengthened strategic relations” with key global financial institutions. The 2025 IMF–World Bank Annual Meetings, held under the theme “From Sectors to Systems: Building Job-Rich Economies at Scale,” focused on scaling up systemic development models that create employment and drive inclusive economic transformation.

Addis Ababa, October 23, 2025 (FMC) — Ethiopia and the International Monetary Fund (IMF) have reaffirmed their strong partnership and commitment to advancing Ethiopia’s ongoing economic reforms and debt sustainability efforts during a high-level meeting between Ethiopian officials and IMF Mhttps://www.fanamc.com/english/imf-chief-commends-ethiopias-reform-progress-pledges-stronger-support-for-economic-transformation/anaging Director Kristalina Georgieva.

The Ethiopian delegation, led by Minister of Finance Ahmed Shide, included National Bank of Ethiopia Governor Eyob Tekalign, Ethiopia’s Ambassador to the United States Ambassador Binalf Andualem, Senior Advisor to the Prime Minister Teklewold Atnafu, and other senior officials.

The meeting was also attended by senior management from the IMF’s Africa Department.

Minister Ahmed expressed appreciation for the IMF’s continued support to Ethiopia, underscoring the government’s determination to .....

Addis Ababa, October 23, 2025 (FMC) – World Bank Managing Director for Operations Anna Bjerde has commended Ethiopia’s impressive progress under its comprehensive reform agenda, citing tangible gains across major economic indicators.

Ethiopian Minister of Finance Ahmed Shide met with Bjerde in Washington to discuss strengthening strategic partnerships on priority development initiatives, ongoing structural reforms, and innovative financing mechanisms that support Ethiopia’s growth trajectory.

Minister Ahmed acknowledged the World Bank’s crucial technical and financial contributions to Ethiopia’s transformation agenda, noting its key role in economic modernization, productivity enhancement, and private sector development efforts aimed at job creation and improved living standards.

Addis Ababa, October 22, 2025 (FMC) – National Bank of Ethiopia Governor Eyob Tekalign met with Neil Beck, Assistant U.S. Trade Representative for WTO and Multilateral Affairs, to discuss Ethiopia’s ongoing accession to the World Trade Organization (WTO).

During the meeting, Governor Eyob provided an update on the sixth meeting of the Working Party on Ethiopia’s WTO accession, highlighting the key reforms the country has implemented to align with international trade standards.

According to a press note from the NBE, the Governor reaffirmed Ethiopia’s commitment to finalizing its accession by March 2026, ahead of the WTO’s 14th Ministerial Conference in Yaoundé, Cameroon. He emphasized that the process is driven not only by a timeline but also by the country’s sustained efforts, dedication, and leadership that recognizes the transformative potential of trade.

Addis Ababa, October 21, 2025 (FMC) – Ethiopia and the Abu Dhabi Fund for Development (ADFD) have agreed to deepen their strategic development and investment partnership.

The agreement follows a high-level meeting between Finance Minister Ahmed Shide and ADFD Director General Mohamed Saif Al Suwaidi, held on the sidelines of the 2025 World Bank Group and International Monetary Fund (IMF) Annual Meetings in Washington, D.C.

The discussion focused on enhancing the longstanding collaboration between Ethiopia and the United Arab Emirates through targeted development engagement and investment initiatives.

Minister Ahmed Shide commended ADFD for its continued support of Ethiopia’s national development priorities, highlighting the Fund’s key role in financing projects across sectors that drive sustainable growth and create jobs.

Addis Ababa, October 22, 2025 (FMC) – Ethiopia has reaffirmed its commitment to advancing universal health coverage and building a resilient, self-reliant health system during the inaugural Health Works Leaders’ Coalition Roundtable.

The event was held on the sidelines of the 2025 World Bank Group and International Monetary Fund Annual Meetings in Washington, D.C.

The high-level roundtable, co-chaired by the President of the World Bank and the Director-General of the World Health Organization (WHO), brought together global leaders to accelerate equitable access to quality healthcare for all.

Leading Ethiopia’s delegation, Minister of Finance Mr. Ahmed Shide outlined the country’s strategic vision to strengthen its health sector through reform-driven and sustainable investment. He noted that Ethiopia has achieved significant progress in expanding primary healthcare coverage, yet faces growing pressure on national resources due to global economic disruptions and a sharp decline in external support.

Addis Ababa, October 21, 2025 (FMC) – Ethiopia and Israel have agreed to strengthen their economic and investment cooperation following a high-level discussion between their finance ministers.

The meeting took place on the sidelines of the 2025 World Bank Group and International Monetary Fund (IMF) Annual Meetings in Washington, D.C., providing a platform to explore ways to enhance the longstanding partnership between the two countries.

Minister Ahmed Shide reaffirmed Ethiopia’s commitment to advancing mutually beneficial ties and highlighted opportunities for cooperation aligned with the country’s national development priorities.

Minister Bezalel Smotrich praised Ethiopia’s ongoing economic reforms and expressed Israel’s readiness to expand engagement by promoting investment linkages and sharing expertise in technology innovation, digital finance, water resource management, irrigation, and . . . . .

Addis Ababa, October 21, 2025 (FMC) – Ethiopia is moving closer to joining the International Centre for Settlement of Investment Disputes (ICSID), a key step aimed at strengthening investor confidence and aligning the country’s investment framework with international standards.

During a meeting held on the sidelines of the 2025 World Bank and IMF Annual Meetings in Washington, D.C., Finance Minister Ahmed Shide met with ICSID Secretary-General Martina Polasek to discuss progress on Ethiopia’s accession and ratification process.

Ahmed said Ethiopia’s engagement with ICSID reflects the government’s commitment to fostering a transparent, predictable, and rules-based investment environment. He underscored that joining ICSID would enhance legal certainty for investors and further integrate Ethiopia into the global investment community.

Addis Ababa, October 21, 2025 (FMC) – The Governor of the National Bank of Ethiopia (NBE), Eyob Tekalign, has announced that the government will take decisive action against entities engaged in illegal money transfer activities operating outside the country’s formal financial system.

Speaking during a meeting with international money transfer agents and representatives of commercial banks held in Washington, D.C., on the sidelines of the 2025 IMF–World Bank Annual Meetings, Governor Eyob emphasized the government’s firm resolve to strengthen oversight and collaboration within Ethiopia’s remittance ecosystem.

He explained that the Ethiopian government has continuously engaged with licensed money transfer companies to ensure their operations align with the country’s financial regulations, while also encouraging new entrants to operate through legal channels. However, he noted that certain entities have repeatedly ignored official calls to regularize their status.​

Addis Ababa, October 21, 2025 (FMC) – Ethiopia and the United States are working closely to coordinate on economic reforms and explore new avenues for trade and investment, reinforcing shared priorities for sustainable growth and development.

The discussions were held this week during high-level meetings between Ethiopia’s Finance Minister Ahmed Shide and senior officials from the U.S. Treasury and State Department on the sidelines of the 2025 World Bank Group and International Monetary Fund (IMF) Annual Meetings.

During the talks, Ahmed briefed U.S. officials on Ethiopia’s progress in implementing its homegrown economic reform agenda, highlighting efforts to improve transparency, strengthen governance, and create a more conducive environment for business and investment.

Addis Ababa., October 20, 2025 (FMC) – Ethiopia and leading global financial institutions have explored new partnerships to deepen cooperation in investment, financing, and advisory services.

On the sidelines of the 2025 Annual Meetings of the World Bank Group and International Monetary Fund (IMF), Ethiopia’s Minister of Finance, Ahmed Shide, held high-level discussions with senior executives from Citi and JPMorgan, including Jay Varkey, Senior Vice President for Public Sector Banking at Citi, and Olivier Eweck, Managing Director at JPMorgan.

The talks focused on expanding collaboration through innovative financing mechanisms to support Ethiopia’s economic reform agenda, infrastructure development, and sustainable investment initiatives.

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Addis Ababa, October 20, 2025 (FMC) – Ethiopia’s National Bank and the International Monetary Fund (IMF) have strengthened their partnership to accelerate monetary and capital market reforms, aiming to enhance financial stability, inclusion, and integration with the global financial system.

Governor Eyob Tekalign of the National Bank of Ethiopia met with the IMF’s Monetary and Capital Markets Department (MCM) on the sidelines of the IMF–World Bank Annual Meetings to discuss deepening technical collaboration in key areas of financial policy and infrastructure.

During the meeting, Governor Eyob highlighted Ethiopia’s progress under the Homegrown Economic Reform agenda and outlined the central bank’s priorities to build resilient financial institutions, promote financial inclusion, and modernize financial infrastructure.