Ethiopia announces macroeconomic reform policy to correct foreign exchange distortions, address debt vulnerability, and reduce inflation.

Ethiopia has announced its comprehensive macroeconomic reform policy, aiming to correct foreign exchange distortions, solve structural balance of payment deficits, and reduce inflation by modernizing the monetary policy framework. The reform seeks to address debt vulnerability and increase domestic income, contributing to the development of a strong, inclusive, and sustainable economic system. Ethiopia's economy has registered an average GDP rate of 7.1% from 2019 to 2023 fiscal year.