On April 15, 2026, in Addis Ababa, Ethiopia, National Bank Governor Eyob Tekalign presented the country’s financial sector reform program on the sidelines of the IMF and World Bank Spring Meetings. The program includes a shift toward an interest rate-based monetary policy, a market-determined exchange rate, and a comprehensive overhaul of the banking regulatory framework. In support of this transformation, the International Monetary Fund (IMF) is backing the initiative through a four-year Extended Credit Facility (ECF) worth USD 3.4 billion, including a USD 261 million disbursement approved in January 2026.
