{"id":16303,"date":"2022-10-16T18:36:07","date_gmt":"2022-10-16T18:36:07","guid":{"rendered":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/imf-executive-directors-indicate-commitment-to-support-ethiopias-reform-agenda"},"modified":"2022-10-16T18:53:28","modified_gmt":"2022-10-16T18:53:28","slug":"imf-executive-directors-indicate-commitment-to-support-ethiopias-reform-agenda","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/imf-executive-directors-indicate-commitment-to-support-ethiopias-reform-agenda","title":{"rendered":"IMF Executive Directors Indicate Commitment to Support Ethiopia\u2019s Reform Agenda"},"content":{"rendered":"

Africa-Press – Ethiopia. <\/strong><\/span>IMF Executive Directors have commended Ethiopia\u2019s ambitious economic and monetary policy reforms indicating their commitment to support the reform agenda through an IMF program upon further engagement.<\/p>\n

At the sideline of the IMF and World Bank Annual Meetings, the Ethiopian Delegation led by the Minister of Finance Ahmed Shide held constructive meetings with the IMF Executive Directors and advisors for China, France, Germany, United Kingdom and Italy.<\/p>\n

The discussion focused on IMF\u2019s critical development partnership, in particular in times of crisis when the needs are even greater and a sustained support on the development front is essential to avoid setbacks caused by the overlapping shocks that Ethiopia is currently facing.<\/p>\n

The Executive Directors acknowledged Ethiopia\u2019s resilience amid the overlapping shocks it is currently facing.<\/p>\n

The Directors have also commended the government\u2019s ambitious economic and monetary policy reforms indicating their commitment to support the reform agenda through an IMF program upon further engagement.<\/p>\n

Minister of Finance Ahmed Shide briefed the Executive Directors on Ethiopia\u2019s current political and economic affairs, progress made on Ethiopia\u2019s homegrown economic reform agenda.<\/p>\n

He also explained about the ambitious plan for the next phase of transformative reforms needed to address present challenges, push growth through private sector led development, as well as sustain development gains of recent years.<\/p>\n

The Minister emphasized the criticality and urgency of IMF\u2019s support in view of the millions of people across the country who are being hit by the severe drought, high inflation, conflict, rising commodity prices, and other ongoing challenges.<\/p>\n

Ahmed acknowledged the IMF\u2019s recent visit to Ethiopia and the successful discussions around the policy reform areas that will address macro imbalances, tackle the forex exchange rate issues, tame inflation, and manage debt issues.<\/p>\n

He underlined these discussions are key steps towards agreeing on the framework of an IMF program that could support ongoing economic recovery efforts and strengthen macroeconomic stability.<\/p>\n

The Minister asked the Executive Directors\u2019 support to Ethiopia\u2019s request to access IMF\u2019s new Food Shocks Window to dampen the food insecure resulting from the severe drought, displacement, and livelihood losses.<\/p>\n

He highlighted that, while this assistance would directly support the poorest and most vulnerable communities across the country, the government\u2019s ultimate interest remains in a comprehensive and ambitious Fund-supported program.<\/p>\n

For More News And Analysis About Ethiopia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ethiopia. IMF Executive Directors have commended Ethiopia\u2019s ambitious economic and monetary policy reforms indicating their commitment to support the reform agenda through an IMF program upon further engagement. At the sideline of the IMF and World Bank Annual Meetings, the Ethiopian Delegation led by the Minister of Finance Ahmed Shide held constructive meetings […]<\/p>\n","protected":false},"author":84,"featured_media":16302,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8],"tags":[233,277,235],"class_list":["post-16303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","tag-africa-press","tag-africa-press-ethiopia-2","tag-ethiopia"],"yoast_head":"\nIMF Executive Directors Indicate Commitment to Support Ethiopia\u2019s Reform Agenda - Ethiopia<\/title>\n<meta name=\"description\" content=\"IMF Executive Directors have commended Ethiopia\u2019s ambitious economic and monetary policy reforms indicating their commit ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/imf-executive-directors-indicate-commitment-to-support-ethiopias-reform-agenda\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF Executive Directors Indicate Commitment to Support Ethiopia\u2019s Reform Agenda\" \/>\n<meta property=\"og:description\" content=\"IMF Executive Directors have commended Ethiopia\u2019s ambitious economic and monetary policy reforms indicating their commit ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/imf-executive-directors-indicate-commitment-to-support-ethiopias-reform-agenda\" \/>\n<meta property=\"og:site_name\" content=\"Ethiopia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-16T18:36:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-16T18:53:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2022\/10\/postQueueImg_20-634c5310015c5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1023\" \/>\n\t<meta property=\"og:image:height\" content=\"385\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/imf-executive-directors-indicate-commitment-to-support-ethiopias-reform-agenda#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/imf-executive-directors-indicate-commitment-to-support-ethiopias-reform-agenda\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IMF Executive Directors Indicate Commitment to Support Ethiopia\u2019s Reform Agenda\",\"datePublished\":\"2022-10-16T18:36:07+00:00\",\"dateModified\":\"2022-10-16T18:53:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/imf-executive-directors-indicate-commitment-to-support-ethiopias-reform-agenda\"},\"wordCount\":405,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/imf-executive-directors-indicate-commitment-to-support-ethiopias-reform-agenda#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2022\/10\/postQueueImg_20-634c5310015c5.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ethiopia\",\"ethiopia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/imf-executive-directors-indicate-commitment-to-support-ethiopias-reform-agenda#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/imf-executive-directors-indicate-commitment-to-support-ethiopias-reform-agenda\",\"url\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/imf-executive-directors-indicate-commitment-to-support-ethiopias-reform-agenda\",\"name\":\"IMF Executive Directors Indicate Commitment to Support Ethiopia\u2019s Reform Agenda - 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