Addis Ababa, April 15, 2026 (FMC) — Governor of the National Bank of Ethiopia, Eyob Tekalign, presented the country’s ongoing financial sector reform agenda during a Capacity Development Talk held on the sidelines of the 2026 IMF-World Bank Spring Meetings in Washington, D.C.
Addressing senior officials from the International Monetary Fund, World Bank, and the European Commission, the Governor outlined Ethiopia’s efforts to build resilient markets, strengthen institutions, and ensure macroeconomic stability amid a challenging global and domestic environment.
He detailed key reforms being implemented under the Homegrown Economic Reform Agenda, including the transition toward an interest rate-based monetary policy framework and a move to a market-determined exchange rate system. The Governor also highlighted broad regulatory changes anchored in a new central bank proclamation and updated banking legislation aimed at modernizing the financial sector.
The presentation underscored that the reform process is nationally driven and strategically sequenced, with technical support aligned to Ethiopia’s development priorities.
Looking ahead, the Governor indicated that deepening domestic financial markets and gradually opening the sector to foreign investment will be central to the next phase of reforms. He noted that sustaining progress will depend on continued institutional strengthening, policy consistency, and the development of a financial system capable of supporting a growing private sector-led economy.