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News May 20, 2026

Ethiopia's Official Statement on Comparability of Treatment — External Debt Restructuring

In accordance with the terms of the MoU, the Government of Ethiopia formally commits to remaining in arrears towards those external creditors within the scope of the debt treatment with whom it has not reached a debt restructuring arrangement on terms considered by the OCC to be at least as favourable to Ethiopia as those set forth in the MoU.

Ethiopia and Italy Sign €5 Million Agreement for Riverside Development Project

ADDIS ABABA - May 14, 2026 – The Government of Ethiopia and the Government of Italy today officially signed a €5,000,000 grant agreement to launch the Kebena Tributaries Riverside Development Project. This strategic initiative, situated in the Yeka Sub-city of Addis Ababa and supported by the agreement in place, seeks to transform the ecological and social landscape of the River Kebena basin.

The Government of Ethiopia and Development Partners Convene on WTO Accession and AfCFTA Implementation for Resilient Economic Growth

ADDIS ABABA— May 12, 2026 — The Ministry of Finance today convened a high-level meeting of the Development Partners Group (DPG) Heads of Agencies to deliberate on Ethiopia’s accession to the World Trade Organization (WTO) and the implementation of the African Continental Free Trade Area (AfCFTA), underscoring the country’s deepening commitment to global and regional economic integration.

Message of the Minister

H.E Ato Ahmed Shide

Minister of Ministry of Finance

The Ministry of Finance has a long tradition of supporting economic growth in Ethiopia.

However, despite the high economic growth that was realized over the past decade, Ethiopia’s economy has encountered several challenges that make it difficult for growth to sustain.

This has led us to examine the quality of this growth, evaluate whether these economic gains are based on solid foundations and see how they are being distributed.

In Focus

A Homegrown Economic Reform Agenda

Ethiopia’s Homegrown Economic Reform Agenda is a well-coordinated response and blueprint to propel the country’s economic progress. This agenda, crafted through a process of taking stock of our successes; an in-depth review of key bottlenecks and design of adequate remedies, outlines macro-economic, structural, and sectoral reforms that will pave the path for jobs and inclusive growth...

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