This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Ethiopia and the IMF. Additional information can be found on the Ethiopia and IMF country page, including official IMF reports and Executive Board documents in English that deal with Ethiopia.
At a Glance
- Current IMF membership: 191 countries
- Ethiopia joined the Fund in December 27, 1945
- Total Quotas: SDR 300.70 Million
- Article IV/Country Report: January 28, 2020 IMF Country Report No. 20/29
Office Activities
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Contextualizing Ethiopia’s Recent Economic Performance
Keynote Address by Abebe Aemro Selassie, Director, African Department, IMF at the Ethiopian Economics Association’s 17th International Conference on the Ethiopian Economy.
July 18, 2019
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G20 Compact with Africa Peer Learning Workshop on Private Sector-Led Diversification and Growth
Remarks by Abebe Aemro Selassie, Director, African Department, IMF Addis Ababa, Ethiopia
July 17, 2019
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Regional Economic Outlook for Sub-Saharan Africa and Macroeconomic Issues for Ethiopia
Presentation by the IMF Resident Representative to development partners and private sector representatives
November 1, 2013
IMF's Work on Ethiopia
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IMF Staff Concludes Visit to Djibouti
December 12, 2024
An International Monetary Fund (IMF) team, led by Ms. Esther Pérez Ruiz, visited Djibouti from December 8 to 12, 2024
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IMF Reaches Staff Level Agreement on the Second Review of the Extended Credit Facility for Ethiopia
November 27, 2024
IMF staff and the Ethiopian authorities have reached staff-level agreement on economic policies to conclude the second review of the four-year USD$ 3.4 billion ECF arrangement. Formal completion of the review by the IMF Executive Board would give Ethiopia access to financing of about US$251 million.
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Growth in Sub-Saharan Africa is Diverging
November 14, 2024
Stagnating incomes in sub-Saharan Africa’s resource-intensive economies necessitate more effective fiscal management and broad-based structural reforms.
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November 4, 2024
Series:Country Report No. 2024/318
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October 18, 2024
The Executive Board of the International Monetary Fund (IMF) completed today the first review of the 48-month Extended Credit Facility (ECF) for Ethiopia.
Regional Economic Outlook
October 25, 2024
Sub-Saharan African countries are implementing difficult and much needed reforms to restore macroeconomic stability, and while overall imbalances have started to narrow, the picture is varied. Policymakers face three main hurdles. First, regional growth, at a projected 3.6 percent in 2024, is generally subdued and uneven, although it is expected to recover modestly next year to 4.2 percent. Second, financing conditions continue to be tight. Third, the complex interplay of poverty, scarce opportunities, and weak governance--compounded by a higher cost of living and short-term hardships linked to macroeconomic adjustment--are fueling social frustration. Within this environment, policymakers face a difficult balancing act in striving for macroeconomic stability while also working to address development needs and ensure that reforms are socially and politically acceptable. Protecting the most vulnerable from the costs of adjustment and realizing reforms that create sufficient jobs will be critical to mobilize public support.
Read the Report
Departmental Papers on Africa
