Inclusive Macroeconomic Reforms Yield Remarkable Results, Says Finance Minister Ahmed Shide

Addis Ababa, June 7, 2025 (ENA) -- Finance Minister Ahmed Shide expressed that Ethiopia’s inclusive macroeconomic reforms are delivering remarkable outcomes.

During a briefing on the country's current economic performance, the minister stated that the comprehensive macroeconomic reform program, implemented with thorough preparation since the beginning of the current Ethiopian fiscal year in July, has led to significant progress.

The minister also emphasized that key policy shifts, including the adoption of a market-based foreign exchange system, the implementation of new fiscal and monetary policies, and legal reforms promoting investment, have collectively contributed to the positive results.

Foreign exchange transactions have remained stable, and this fiscal year has seen a notable increase in foreign currency earnings, he said, attributing the country’s strong export growth to the ongoing macroeconomic reforms.

The minister also projected that Ethiopia’s economy is expected to grow by 8.4 percent this fiscal year, crediting the reforms as a key driver of this anticipated growth.

He further noted that the reforms have supported higher income levels and a reduction in inflation.

Ahmed Shide also emphasized that the performance of major government enterprises, such as Ethiopian Airlines, Ethio-Telecom, and the Commercial Bank of Ethiopia, is showing significant growth.

On the investment front, he stated that the reforms are yielding tangible results in attracting both domestic and foreign investment.

Additionally, the government continues to subsidize essential goods, including fuel, fertilizer, oil, sugar, and medicines, as part of its efforts to support the population.

He also noted that around 60 billion birr has been allocated to the Urban and Rural Productive Safety Net Program, benefitting more than 10 million Ethiopians.

The minister concluded by affirming the government’s commitment to consolidating and sustaining the gains achieved through the macroeconomic reforms.