Amb. Massinga says US committed to supporting Ethiopia’s ambitious macroeconomic reforms

Addis Ababa, June 06, 2025 (FMC) — The United States Ambassador to Ethiopia, Ervin Massinga, has reaffirmed his governments’ steadfast commitment to supporting Ethiopia’s ambitious macroeconomic reforms.

The ambassador highlighted the trade and investment ties between the two nations.

Ethiopia has historically operated under a restrictive economic framework where private sector participation was largely constrained; he commended the Ethiopian government’s bold move toward redefining the status quo.

Specifically, the ambassador praised the recent exchange rate reform, noting its pivotal role in propelling Ethiopia’s economy forward.

“We have observed a newfound stability in the foreign exchange market —something that had eluded Ethiopia for decades. This shift has enabled the country to transition into a modern, globally integrated market economy, moving away from past restrictive models.”

Beyond exchange rate adjustments, the ambassador lauded the sweeping financial sector reforms, emphasizing the need for continued efforts in resource mobilization, tax restructuring, and streamlined import-export management.

He further expressed unwavering commitment and deep enthusiasm to expanding trade relations between Ethiopia and the United States of America.

Ambassador Massinga underscored the tremendous opportunity to bolster the export of Ethiopian goods — including coffee, teff, tea, flowers, and mineral resources, to the U.S.

“I am eager to collaborate with the Ethiopian government and its business community to foster this economic expansion,” he told ENA.

According to him, the remarkable example of the enduring collaboration between Ethiopia and the United States is the Ethiopian Airlines.

This, he noted, underscores the longstanding partnership between the two nations.

Furthermore, the United States is actively exploring opportunities to work with the Ethiopian Airlines in developing its new mega airport in Bishoftu.

Commenting on investment relations, Ambassador Massinga recalled Ethiopia’s prominent participation in a recent investment conference in the United States, where it sent one of the largest delegations —matching those of France and Saudi Arabia.

This, he affirmed, is a clear indication of the strengthening economic ties between the two countries.

Ambassador Massinga in conclusion reiterated the United States’ unwavering support for Ethiopia’s commitment to embracing a market-driven economy.