National Bank of Ethiopia (NBE) Governor Mamo Mihretu said that the country’s broad-based macroeconomic reforms have yielded solid results, positioning the country as a rising example of disciplined and inclusive economic transformation in East Africa.
According to him, the reform measures are not only stabilizing key macroeconomic indicators but also building momentum for long-term resilience. He noted that “inflation is falling, foreign exchange reserves are improving, and the country is experiencing a significant uptick in exports and investment flows.”
Mihretu said Ethiopia’s recent policy direction has started to yield measurable gains, particularly in controlling inflation and improving export performance. Food inflation, he added, has declined notably, dropping below 12 percent, and the government remains committed to pushing overall inflation to single digits by the end of 2026.
He explained that foreign exchange earnings have increased significantly, with export revenues expected to more than double compare to pre-reform levels. He underscored that these achievements reflect the government’s consistent implementation of reforms designed to address structural imbalances, improve fiscal discipline, and restore confidence in the financial system.
According to him, the changes have not only restored macroeconomic stability but have also revived domestic and international trust in Ethiopia’s economic direction.
Citing a recent International Monetary Fund (IMF) report that commended Ethiopia’s reform progress, Mihretu noted that the country was exceeding expectations in several critical areas.
He said this recognition reflects growing global confidence in Ethiopia’s policy path and the credibility of its reform leadership.
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