IMF Chief Acknowledges Ethiopia’s Tough Economic Reforms
Addis Ababa, The Gulf Observer: Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has recognized the difficulties of Ethiopia’s ongoing macroeconomic reforms, describing them as “tough” and requiring time but assuring that they will bring significant long-term benefits.
During a press conference in Addis Abeba on February 9, before concluding her two-day visit, Georgieva emphasized the need for public unity in implementing these reforms.
“The reform program that Ethiopia has embraced is tough; it takes time, but it will bring tremendous rewards. Some are already becoming evident. Society must remain united behind this reform,” she stated.
She also highlighted Ethiopia’s impressive 8.1% economic growth in 2024, which exceeded the IMF’s initial projection of 6.1%, reflecting the country’s resilience and progress.
The IMF chief’s visit to Ethiopia underscores the global institution’s support for the country’s economic transformation and its commitment to assisting in achieving sustainable economic development.
