Ethiopia’s macroeconomic reforms drive sustainable and inclusive growth across all sectors

On Jul 22, 2025 634

Addis Ababa, July 22, 2025 (FMC) — Ethiopia’s comprehensive macroeconomic reforms have paved the way for sustainable and inclusive growth across all sectors of the economy, Finance Minister Ahmed Shide stated at the ongoing Ethiopian Finance Conference’s Private Sector Forum.

The forum, a collaborative initiative of the Ministry of Planning and Development, the Ministry of Finance, and the National Bank of Ethiopia, has brought together senior government officials, bank presidents, private sector representatives, and financial institutions to address pressing challenges in sustainable development, macroeconomic stability, structural reforms, and trade.

Minister Ahmed highlighted that the macroeconomic reform policies implemented over the past year have yielded tangible results, transforming Ethiopia’s economic, social, and political landscape while enhancing regional integration.

Significant progress has been achieved across agriculture, tourism, mining, industry, and services, the minister noted, underscoring Ethiopia’s emergence as a regional cooperation hub connecting neighboring countries through energy projects, highways, and other collaborative initiatives.

The reforms have fostered rapid, sustainable, and inclusive growth that now extends to the private sector, Ahmed added.

He further emphasized the government’s successes in boosting foreign exchange earnings to 8.3 billion USD in the concluded fiscal year and improving remittance inflows. Inflation has been halved, and access to banking and financial services has expanded significantly.

Notably, the government managed to close its budget deficit without borrowing from the National Bank for the first time, marking a milestone in fiscal discipline.

The conference continues to serve as a platform for dialogue on Ethiopia’s financial sector reforms, investment opportunities, and enhanced government services, signaling ongoing efforts to solidify the country’s economic transformation.