Addis Ababa, October 17, 2025 (FMC) – The National Bank of Ethiopia has welcomed the International Monetary Fund’s (IMF) decision to raise member quotas by 50 percent, calling it a constructive move toward strengthening the global financial safety net and improving access to resources for member nations.
Speaking at the Africa Group III Constituency Meeting on the sidelines of the IMF–World Bank Annual Meetings, National Bank of Ethiopia Governor Eyob Tekalign urged that this progress be complemented by a prompt and equitable quota realignment that reflects today’s global economic realities.
Governor Eyob emphasized that while the quota increase and its swift implementation are positive steps, accelerating the realignment process is essential. For many African economies, including Ethiopia, he noted, the IMF remains a vital pillar of the global financial safety net. Prolonged delays in quota realignment, he cautioned, could leave developing economies more vulnerable to global uncertainties.
He further welcomed the emerging consensus within the IMF to safeguard the quota shares of developing countries, while highlighting the need to correct underrepresentation in the existing framework.
“Countries that remain significantly underrepresented—such as Ethiopia—should be prioritized in future quota realignments to ensure a fair, balanced, and inclusive international financial system,” Governor Eyob stated.