Washington, DC: Addis Ababa. Ethiopia: An International Monetary Fund (IMF) mission led by Mr. Alvaro Piris visited Addis Ababa from September 25 to October 3, 2023, to hold discussions on the authorities' request for IMF support for their reform program. Discussions continued this week at the IMF Annual Meetings in Marrakech.
At the end of the visit, Mr. Piris issued the following statement: "The IMF team noted the important steps that have been taken to bring down inflation and stabilize the economy, including significant fiscal and monetary tightening. This has put in place a critical foundation for success of the Homegrown Economic Reform Agenda, which aims to fulfill Ethiopia's considerable economic potential. 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. We thank the authorities for their warm hospitality and the productive discussions."
