Ethiopia Proposes Record ETB 2 Trillion Federal Budget for 2025/26 Fiscal Year

Ethiopia Proposes Record ETB 2 Trillion Federal Budget for 2025/26 Fiscal Year In a landmark move signaling the government’s commitment to economic transformation, Ethiopia’s Council of Ministers has approved a historic draft federal budget of nearly ETB 2 trillion (approximately $35 billion USD) for the 2025/2026 fiscal year. This record-breaking budget—the largest in the country’s history—has now been submitted to the House of People’s Representatives (HoPR) for further scrutiny and deliberation. Prioritizing Development, Stability, and Innovation The proposed budget is structured to reflect the nation’s strategic priorities as outlined in Ethiopia’s Ten-Year Development Plan and the 2026–2030 Medium-Term Macroeconomic and Fiscal Framework (MTFF). These priorities include: Strengthening national security and public order Revitalizing economic productivity across key sectors Investing in infrastructure and capital projects Supporting displaced populations and vulnerable communities Accelerating progress toward the Sustainable Development Goals (SDGs) The Council noted that this expansive fiscal package is essential to respond to complex challenges while ensuring that Ethiopia remains on a path toward inclusive and sustainable growth. Budget Composition and Allocation Focus The ETB 2 trillion budget proposal is expected to include: Recurrent expenditure: Funding to maintain essential public services such as education, healthcare, and public administration. Capital expenditure: Significant investment in physical infrastructure—roads, energy, water, and public works—critical for stimulating economic activity. Block grants and subsidies to regional states: Reinforcing Ethiopia’s federal structure and supporting regionally-led development efforts. Special programs for job creation, youth empowerment, and technology infrastructure Moreover, the Council of Ministers advised the House to explore additional funding sources, such as concessional loans and external partnerships, to ensure the successful implementation of high-impact national projects. A Legislative Leap for Startups and Innovation Alongside the draft budget, the Council also endorsed a new draft startup proclamation, a progressive legislative move aimed at catalyzing Ethiopia’s emerging tech and innovation landscape. The proclamation, if passed, will: Establish a legal and institutional framework to support startups Create mechanisms to close financing gaps that limit early-stage business growth Provide incentives and regulatory clarity for entrepreneurs and investors Enable cross-sector digital transformation, fostering innovation in agriculture, health, education, logistics, and finance Officials noted that this legislation is a strategic step in transforming Ethiopia into a regional tech hub, and part of broader economic reforms to attract private investment, both domestic and international. What’s Next? The House of People’s Representatives will now engage in detailed discussions, amendments, and eventually a vote on the proposed budget and accompanying legislative initiatives. If ratified, the budget will go into effect at the start of the Ethiopian fiscal year in Hamle 1, 2017 (July 8, 2025). This fiscal proposal not only reflects the administration’s ambitions for economic modernization but also underlines the challenges of balancing development goals with macroeconomic stability in a complex domestic and global environment. As the debate unfolds, stakeholders across the private sector, civil society, and international development community will be watching closely to see how Ethiopia aligns its bold fiscal vision with tangible impact on the ground.

Ethiopia Enacts Landmark Startup Proclamation to Boost Innovation and Youth-Led Enterprises

Ethiopia Enacts Landmark Startup Proclamation to Boost Innovation and Youth-Led Enterprises Addis Ababa, June 5, 2025 — Ethiopia has taken a significant step toward fostering a vibrant startup ecosystem with the official endorsement of its first-ever Startup Proclamation. The new legal framework, announced by the Office of the Prime Minister, is aimed at creating a favorable environment for innovation-driven enterprises, particularly those led by youth, while stimulating technological advancement and entrepreneurship across the country. The proclamation, referred to officially as the Startup Ethiopia Proclamation, is part of Ethiopia’s Ten-Year Development Plan (2020–2030), which recognizes innovation and the digital economy as key drivers of sustainable development. The government emphasized that this is not just a policy move, but a strategic transformation aimed at reducing unemployment, encouraging self-employment, and elevating Ethiopia’s global competitiveness. Key Features of the Proclamation: Legal Recognition and Support: For the first time, startups in Ethiopia will be legally recognized as a distinct category of businesses. This recognition will enable access to a variety of incentives, protections, and support services, including simplified licensing, tax holidays, and government-funded incubator and accelerator programs. Startup Ethiopia Council Formation: A new body, the Startup Ethiopia Council, will be established to oversee the implementation of the proclamation. The Council will include stakeholders from the government, private sector, academia, and civil society. It will play a strategic role in policy formulation, resource allocation, and monitoring impact. Innovation Fund and Incentives: The government will establish a Startup Innovation Fund to provide early-stage funding and grants to promising entrepreneurs. Startups will also be eligible for customs and tax exemptions on imported equipment and software essential for product development and scaling. Focus on Youth and Inclusion: The policy explicitly aims to empower youth entrepreneurs, women-led startups, and rural innovators. It seeks to bridge the urban-rural digital divide and promote inclusion by providing resources in regional hubs and universities outside of Addis Ababa. Public Procurement Access: Startups will be granted better access to public procurement opportunities, allowing them to offer tech and service solutions to various government ministries and agencies—a move that could enhance local innovation and reduce dependency on foreign solutions. Strategic Significance The proclamation arrives at a time when Ethiopia is increasingly viewed as a rising hub for African innovation. With its large, youthful population and expanding internet connectivity, the country holds tremendous potential for growth in sectors like fintech, agri-tech, health tech, and green technology. Speaking on the importance of the proclamation, the Prime Minister’s Office emphasized that supporting startups is essential for job creation, national productivity, and the shift from an import-driven to an innovation-led economy. The office also highlighted the role of the private sector and international partners in building a robust startup ecosystem. A New Horizon for Entrepreneurs The Startup Ethiopia Proclamation has been welcomed by entrepreneurs, investors, and development partners alike. While challenges remain in terms of financing, regulatory enforcement, and digital infrastructure, the proclamation is a hopeful signal that Ethiopia is ready to embrace a future built on innovation, inclusion, and enterprise. As Ethiopia continues its journey toward economic transformation, this bold legislative step may very well mark the beginning of a startup revolution in the Horn of Africa.

Ethiopia Introduces Sweeping Tax Reforms Targeting Digital Creators, Consultants, and High Earners

Ethiopia Introduces Sweeping Tax Reforms Targeting Digital Creators, Consultants, and High Earners Addis Ababa – June 4, 2025 The Ethiopian government has tabled a comprehensive amendment to its federal income tax proclamation, signaling a major shift in the country’s fiscal framework to align with digital economy realities and bolster domestic revenue mobilization. The newly proposed changes, referenced as the “Income Tax Amendment Proclamation /2017,” were submitted to Parliament late last month. Key Highlights: 1. Taxation of Digital Content Creators: For the first time in Ethiopia’s tax history, digital content creators—including YouTubers, podcasters, influencers, and online platform earners—will be required to pay taxes on their earnings. The law defines “income from digital content” as revenue generated from: Advertisements and sponsorships Brand partnerships and affiliate marketing Product sales, both physical and digital Donations, crowdfunding, and fan subscriptions Digital earnings exceeding a certain annual threshold will be classified as business income and taxed accordingly. Content creators will also be required to register for a tax identification number, keep financial records, and file annual reports. 2. New Classification of Taxpayers: The amendment introduces two taxpayer tiers: Level A: Businesses or individuals with annual gross income exceeding 2 million birr. Level B: Individuals with income below 2 million birr, excluding corporate entities. 3. Technical and Advisory Services Targeted: Consultants offering services in fields such as law, engineering, IT, architecture, auditing, and project management—especially foreign nationals operating in Ethiopia for over 91 days—will now be subject to stricter tax obligations. These services are recognized as taxable even if rendered digitally or remotely. 4. Rental Income and Business Profit Tax Changes: Companies earning rental income will now pay a flat 30% tax. Individual rental income will be taxed based on a revised graduated schedule. The same 30% flat tax will apply to corporate business profits, while individuals will follow adjusted brackets. 5. Anti-Cash Economy Measures: The new law prohibits cash payments above 10,000 birr per day per individual, aiming to formalize the economy and enhance traceability. Transactions must now occur via banking channels such as transfers, cheques, or mobile money platforms. 6. Optional Presumptive Tax for Small Enterprises: Small businesses whose total tax liability falls below 2% of gross annual revenue may opt into a simplified presumptive tax regime. However, this does not apply to businesses under the broader simplified tax schedule or those already receiving tax holidays under investment laws. 7. International Workers and Digital Services: Foreign professionals working in Ethiopia or broadcasting content from abroad but generating Ethiopian-source income (e.g., through Ethiopian audiences or data) will now be taxed locally. The government has tasked the Ministry of Foreign Affairs and tax authority with developing new registration and enforcement mechanisms for such cases. Implications for the Private Sector These reforms come at a time when Ethiopia is pushing to diversify its tax base and digitize its economy. The formal inclusion of digital content creators and service providers into the tax net reflects both the growing size of the sector and the government’s effort to capture untapped revenue streams. Businesses will need to improve their accounting practices and embrace digital payment tools to remain compliant. Meanwhile, the tech-savvy youth, many of whom generate income online, are urged to seek awareness about their new obligations under the law. Industry Reactions Early reactions among professionals and small business owners are mixed. While some praise the government’s move toward modernization, others raise concerns about enforcement challenges, especially among informal digital actors and self-employed consultants. Analysts argue that successful implementation will require aggressive taxpayer education campaigns and incentives to transition into the formal economy. If ratified, the Income Tax Amendment Proclamation could reshape Ethiopia’s tax architecture by broadening the base, modernizing definitions, and incorporating the digital and freelance economy. It also underscores the government’s shifting focus toward fiscal sustainability, equity, and technological adaptation in public finance.

Wegagen Capital Investment Bank Becomes Ethiopia’s First Private Investment Bank

Wegagen Capital Investment Bank Becomes Ethiopia’s First Private Investment Bank Addis Ababa, June 4, 2025 – In a landmark development for Ethiopia’s emerging financial sector, Wegagen Capital Investment Bank S.C. has officially launched operations, becoming the country’s first private investment bank. The announcement was made during a high-profile inauguration event held at the Hilton Hotel in Addis Ababa, attended by key figures from government institutions, regulatory bodies, and the private sector. The launch marks a critical step in the growth of Ethiopia’s nascent capital market and reflects the increasing momentum around private sector-led financial innovation following the establishment of the Ethiopian Securities Exchange (ESX). Dr. Tilahun Ismael, CEO of the Ethiopian Capital Market Authority, along with Hanna Tehelku, Director General of the Ethiopian Capital Market Authority, and representatives from the Ministry of Trade and Regional Integration, were among the prominent guests in attendance. Also present were board members from the Ethiopian Securities Exchange and other invited stakeholders. A New Model for Investment Banking Dr. Aklilu Wubet, Chairperson of the Board of Directors of Wegagen Capital Investment Bank, underscored the strategic importance of the institution’s launch, emphasizing that the bank was established with a paid-up capital of 385 million birr, funded by visionary institutions and individuals. He noted that the bank received its operating license from the Capital Market Authority on March 21, 2025 (Megabit 12, 2017 EC), and registered as a trading member of the Ethiopian Securities Exchange on May 14, 2025 (Ginbot 6, 2017 EC), thereby securing early mover advantage in Ethiopia’s newly liberalized capital market. The bank’s Chief Executive Officer, Bruktawit Dawit, stated that Wegagen Capital is designed to be a pioneering force in the investment banking space by offering cutting-edge, customized, and trusted services to public institutions, development enterprises, private companies, and high-net-worth individuals. Services Tailored to Capital Market Growth Wegagen Capital Investment Bank will provide a wide range of services including: Investment advisory for government and corporate clients participating in the capital market Brokerage services for institutional and retail investors in both primary and secondary securities markets Underwriting and placement of securities for capital raising Capital restructuring and acquisition advisory Mergers and acquisitions (M&A) services Market-making and deal execution on behalf of clients The CEO noted that the bank will also support the development of alternative investment solutions, including debt instruments and structured products, in alignment with the regulatory framework laid out by the Capital Market Authority. Strategic Role in Ethiopia’s Financial Future Bruktawit emphasized that Wegagen Capital Investment Bank is not a subsidiary of Wegagen Bank but a fully independent entity with its own governance, management structure, and operational strategy. This structural distinction allows it to form partnerships across the financial industry, including with commercial banks and fund managers, to co-create mutually beneficial opportunities. “Ethiopia’s economic transformation depends on a deep and efficient capital market,” she said. “We are committed to driving that change by channeling capital to productive sectors, supporting investor confidence, and introducing new financial instruments tailored to Ethiopia’s development needs.” Positioning for the Long Term As the first mover in the private investment banking space, Wegagen Capital aims to play a catalytic role in accelerating private capital mobilization, enhancing investor participation, and fostering transparency and professionalism within Ethiopia’s financial ecosystem. The launch of Wegagen Capital Investment Bank represents a foundational shift—from a state-dominated financial landscape toward one shaped by innovation, competition, and private sector dynamism.

Addis International Bank Unveils New Identity as “Addis Bank,”

Addis International Bank Unveils New Identity as “Addis Bank,” Addis Ababa, Ethiopia – In a significant milestone marking its evolution and ambitions for the future, Addis International Bank has officially rebranded as “Addis Bank”, unveiling a new name, logo, and corporate motto: “Trusted for Your Success.” The announcement was made during a formal launch event held in Addis Ababa this evening, attended by senior executives, stakeholders, and members of the financial community. Having served Ethiopia’s banking sector for the past 15 years under the name Addis International Bank, the institution’s rebranding represents more than a cosmetic change—it is a strategic repositioning intended to reflect the bank’s commitment to innovation, inclusivity, and national growth. The simplified name, “Addis Bank,” aims to enhance brand recognition, resonate more closely with local identity, and signal a more streamlined, customer-focused approach. Speaking at the launch, CEO Ato Hailu Alemu emphasized the inclusive philosophy behind the bank’s transformation. “This rebranding is not just a change of name; it is a renewed promise to our customers,” he said. “Addis Bank stands for accessible, inclusive, and technologically advanced banking that serves all segments of society—from rural entrepreneurs to urban professionals.” The CEO also highlighted that the new identity is aligned with the bank’s broader strategic goals, including enhancing digital banking capabilities, expanding its national footprint, and offering more agile and efficient financial services. With the Ethiopian banking landscape becoming increasingly competitive and technology-driven, Addis Bank’s rebranding underscores its intent to be at the forefront of financial innovation. The institution is investing in cutting-edge digital platforms, expanding its product portfolio, and strengthening customer engagement strategies to meet evolving market demands. As part of its future vision, Addis Bank is expected to play a pivotal role in advancing financial inclusion and supporting Ethiopia’s economic development. By delivering reliable, secure, and user-friendly services, the bank aims to foster greater trust and empower individuals and businesses to achieve long-term financial success. The refreshed branding—anchored by the new motto “Trusted for Your Success”—positions Addis Bank as a modern, forward-looking institution ready to meet the needs of a dynamic and diverse customer base in Ethiopia and beyond.

Store251 Launches New Website and App to Enhance the Ethiopian Shopping Experience

Store251 Launches New Website and App to Enhance the Ethiopian Shopping Experience Addis Ababa, Ethiopia – May 30, 2025 – Store251, an online shopping platform based in Addis Ababa, is excited to announce the launch of its newly developed mobile application and website, introducing a more user-friendly, and rewarding way to explore and shop Ethiopian-made products. The launch will be held on May 30th at Atlas Store251, Noah Centrum Apartments, Ground Floor. Launched in August 2014, Store251 has built a reputation as a go-to platform for locally designed fashion, accessories, home décor, and lifestyle products. It shines a spotlight on homegrown craftsmanship, connecting local artisans with a global audience. Now, Store251 is rolling out a major digital upgrade, aimed at enhancing user accessibility and experience while introducing new tools tailored for both shoppers and vendors. The platform features a modern interface, integrated payment gateways for smoother transactions, and customer reviews to build trust and transparency. To uphold their authenticity, brand owners will now have their own dedicated online storefronts, designed to reflect their unique aesthetic and storytelling. Customers can also create and share wishlists from different designers, making it easier for their friends and family to gift them for weddings, birthdays, baby showers, and other social occasions. “The new Store251 platform is more than a technical upgrade—it is a strategic step forward in creating access to local design, encouraging digital adoption, and enhancing the overall customer journey,” said Maedot, Founder of Store251. “We’re excited to deliver a space that reflects our creative identity while providing tools that empower designers and offer greater convenience for customers.” Customers will also benefit from Sheba Miles, allowing them to earn rewards as they shop. Delivery is managed directly by Store251, ensuring timely and reliable service. Store251 currently operates physical locations in Atlas, Cazanchise, and Mesqel Square. Key Features of the New Website and App: Branded online storefronts for vendors Customer review and rating system In-app promotions and early access to new collections Integrated payment gateway for secure transactions Delivery service managed by Store251 Sheba Miles rewards system Wishlist sharing feature for gifting With this launch, Store251 strengthens its role in supporting Ethiopia’s creative economy by offering a more connected and rewarding experience for both shoppers and local brands. The new app and website are now live. For more information, visit Store251.com and follow Store251 on social media for updates and special offers: Instagram TikTok

Bill Gates Awarded Ethiopia’s Highest National Honor for 25 Years of Transformative Impact

Bill Gates Awarded Ethiopia’s Highest National Honor for 25 Years of Transformative Impact Addis Ababa, June 1, 2025 — In a rare and symbolic ceremony at the National Palace, Ethiopian Prime Minister Abiy Ahmed presented the nation’s most distinguished accolade, the Grand Order of Merit of Ethiopia, to philanthropist and Microsoft co-founder Bill Gates, recognizing the remarkable legacy of the Bill & Melinda Gates Foundation’s work in Ethiopia over the last quarter-century. The special state honor, reserved for individuals who have made exceptional contributions to the country, was conferred on Gates for his “unwavering commitment to Ethiopia’s health, development, and innovation sectors.” Prime Minister Abiy, speaking at the evening ceremony, described the award as a gesture of deep national gratitude, underscoring the profound influence Gates has had on the lives of millions of Ethiopians through his foundation’s long-term partnerships and development initiatives. From Silicon Valley to Rural Ethiopia The ceremony honored Gates not just as a global technology pioneer, but as a figure who has redefined global philanthropy. “From leading the digital revolution to fighting poverty and disease with humility and vision, Bill Gates’ journey is one of service and solidarity,” Prime Minister Abiy remarked. He highlighted how Gates’ philanthropic ethos has been grounded in “dignity, mutual respect, and the belief in human equality.” Since its early engagement in Ethiopia, the Gates Foundation has played a pivotal role in supporting national priorities — especially in healthcare delivery, agricultural modernization, and technological innovation. Among the foundation’s most impactful programs are its contributions to vaccine access and disease prevention, maternal and child health initiatives, and the transformation of smallholder farming systems through sustainable agricultural practices. Supporting National Development with Quiet Influence The Prime Minister praised the foundation’s distinctive approach, noting its ability to support the country not with top-down directives, but through collaborative partnerships rooted in local leadership. “This is not charity. It is a partnership that empowers,” Abiy said. “Ethiopia has benefited from a model that listens before it acts, that learns before it advises.” The Gates Foundation has been particularly instrumental in helping Ethiopia strengthen its public health infrastructure, combat infectious diseases, and improve agricultural resilience. More recently, it has partnered with the government on digital identity systems and data-driven governance to enhance public service delivery and economic inclusion. A Milestone in Ethiopia’s Global Partnerships Gates, who did not deliver a formal speech at the event, was visibly moved by the gesture, according to attendees. His foundation’s work in Ethiopia has often been cited globally as an example of effective, respectful development cooperation. The honor also comes at a time when Ethiopia is seeking to recalibrate its relationships with international donors and investors — shifting away from dependency toward mutual development partnerships. The award serves as a symbolic endorsement of development models that prioritize capacity building, local agency, and systemic transformation over short-term aid. A Quiet Legacy of Change Over the past 25 years, the Gates Foundation has invested heavily in Ethiopia’s future—not only in financial terms but through institution-building, knowledge transfer, and advocacy. Its presence in the country has been one of continuity, innovation, and deep-rooted trust. The conferral of Ethiopia’s highest honor marks the culmination of that legacy — and signals the country’s desire to continue building forward-looking partnerships. The ceremony was attended by senior government officials, representatives of international organizations, and development partners — many of whom noted that Gates’ recognition reflects a broader national shift toward celebrating sustained impact over performative aid. With Ethiopia aiming to meet its ambitious health and development goals under the Digital Ethiopia 2025 strategy and beyond, the Gates Foundation’s model of philanthropy grounded in solidarity remains a guiding influence. As Prime Minister Abiy concluded, “True partners are those who walk with us not for applause, but for purpose. Mr. Gates has walked with Ethiopia for 25 years—and we honor him not only for what he has done, but for how he has done it.”

Ethiopia’s Hasset Dereje Named First Runner-Up at Miss World 2025

Ethiopia’s Hasset Dereje Named First Runner-Up at Miss World 2025 Hasset Dereje Admassu of Ethiopia has achieved a historic milestone at the 72nd Miss World pageant, securing the position of First Runner-Up in the globally celebrated beauty and purpose competition. The event, held at the HITEX Exhibition Centre in Hyderabad, India, concluded with Thailand’s Opal Suchata Chuangsri being crowned Miss World 2025. Hasset’s second-place finish marks the highest ranking ever attained by an Ethiopian contestant in Miss World history, drawing widespread praise from across Ethiopia and the African continent. A graduate in public health and a passionate advocate for women’s health and education, Hasset represented Ethiopia with distinction both on and off the stage. Her “Beauty With a Purpose” project, which focused on maternal health and girls’ education in rural communities, impressed judges and audiences alike. During the final round, when asked to reflect on the impact of her presence in the competition, Hasset stated: “There are so many children and mothers behind me that get so many things from me just from standing here.” Her heartfelt response was met with resounding applause and ultimately secured her place among the top finalists. The top four contestants were: Miss World 2025 – Opal Suchata Chuangsri (Thailand) 1st Runner-Up – Hasset Dereje Admassu (Ethiopia) 2nd Runner-Up – Maja Klajda (Poland) 3rd Runner-Up – Aurélie Joachim (Martinique) Hasset’s placement is considered a significant breakthrough for Ethiopian and African representation in international pageantry. Her performance highlighted the importance of substance, advocacy, and cultural pride within global beauty contests. Public reactions in Ethiopia were overwhelmingly celebratory, with national leaders, media outlets, and civil society figures hailing her as a role model. Social media platforms across the country lit up with messages of congratulations and admiration, with many calling her success “a victory for all Ethiopian women.” Although the crown went to Thailand, many Ethiopians view Hasset’s achievement as a defining moment that has already made a lasting impact. She is expected to continue her advocacy work and serve as a voice for health equity and gender empowerment both locally and internationally. Contact:For further information or media inquiries regarding Hasset Dereje’s activities, please contact the Miss World Ethiopia coordination office or follow official Miss World updates at www.missworld.com. Tags: #MissWorld2025 #HassetDereje #Ethiopia #BeautyWithPurpose #WomenInLeadership

Ethiopia Secures IMF Staff-Level Agreement, Paving Way for $260 Million Disbursement

Ethiopia Secures IMF Staff-Level Agreement, Paving Way for $260 Million Disbursement Addis Ababa, Ethiopia – May 30, 2025 — The International Monetary Fund (IMF) announced on Friday that it has reached a staff-level agreement with Ethiopia on the third review of the country’s $3.4 billion loan program. The agreement, once formally approved by the IMF Executive Board, will unlock a further $260 million in funding for the Horn of Africa nation. The development marks a significant milestone in Ethiopia’s multi-year reform agenda, aimed at stabilizing its macroeconomic framework, modernizing its monetary policy, and addressing a lingering debt burden exacerbated by conflict, drought, and global economic shocks. “The [Ethiopian] authorities’ policy actions in the first year of the program have yielded strong results,” the IMF said in a statement. “The transition to a flexible exchange rate regime has proceeded with little disruption.” The Fund commended Ethiopia’s performance across key economic indicators, noting that inflation, goods exports, and international reserves have all outperformed previous forecasts. These achievements are seen as critical steps toward restoring investor confidence and rebuilding external buffers. Reform Progress and Economic Impact At the heart of Ethiopia’s program with the IMF is a sweeping reform agenda that includes moving away from a heavily managed exchange rate, improving public financial management, and deepening structural reforms to foster inclusive growth. The IMF highlighted the smooth rollout of the country’s flexible exchange rate regime, which had long been recommended by economists as a tool to correct external imbalances and enhance competitiveness. The reform is already bearing fruit, with inflation trending downward and foreign exchange shortages easing, according to government and IMF data. Additionally, the country’s export sector has shown renewed momentum, and gross international reserves have improved, suggesting enhanced resilience in the face of global uncertainties. What’s Next? The $260 million disbursement—pending Executive Board approval—will bring the total disbursed amount under the current Extended Credit Facility (ECF) and Extended Fund Facility (EFF) programs closer to $1 billion. This funding is expected to support Ethiopia’s balance of payments and fiscal needs while also reinforcing the government’s ongoing reform efforts. The IMF noted that it will continue to work closely with Ethiopian authorities to maintain reform momentum and ensure that program objectives—including debt sustainability and poverty reduction—are met. Broader Implications Ethiopia’s ability to stay on course with IMF-supported reforms could signal renewed international confidence in its economic trajectory. Analysts note that unlocking IMF tranches not only provides direct budgetary support but also catalyzes additional funding from multilateral and bilateral donors. With this third review signaling strong progress, the Ethiopian government is likely to continue leveraging international partnerships to stabilize its economy, manage debt vulnerabilities, and lay the groundwork for sustainable and inclusive development. Tags: #Ethiopia #IMF #EconomicReform #ExchangeRate #Inflation #Exports #Macroeconomics #AfricaEconomy #DevelopmentFinance #AddisAbaba #InternationalReserves #LoanDisbursement