Ethiopia: IMF Praises Ethiopia's Economic Reform Achievements
- The Managing Director of the International Monetary Fund , Kristalina Georgieva, praised Ethiopia's economic growth of 8.1% last year, which exceeded the IMF's projection of 6.1% during a press conference on February 9, 2025.
- Georgieva described Ethiopia's macroeconomic reforms as 'tough' but essential for long-term economic stability, urging the public to 'maintain unity' in implementing these policies.
- The IMF's latest report indicates that inflation in Ethiopia is projected to peak at approximately 25% between mid- and late 2025, with a need for collective efforts to curb rising costs, as stated by Georgieva.
- Prime Minister Abiy Ahmed expressed gratitude for the IMF's support, highlighting the importance of the ongoing financial assistance, which he described as 'the largest ever concessional funding' in the organization's history.
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Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
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