H.E. Mr. Ahmed Shide, Minister of Finance, together with H.E. Dr. Eyob Tekalign, Governor of the National Bank of Ethiopia, met today with Ms. Anna Bjerde, Managing Director of Operations at the World Bank,
The Horn of Africa Initiative (HoAI) Ministerial Meeting brought together finance ministers from across the subregion and senior representatives of development partners in Nairobi today.
Addis Ababa – 20 August 2026. The Ministry of Finance (“MoF”) of the Federal Democratic Republic of Ethiopia (“Ethiopia”) announces that, following the agreement in principle (“AIP”) on restructuring terms reached on 29 June 2026 with a group of holders (the “Ad Hoc Committee”)
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.
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...