Washington, DC
Governor of the National Bank of Ethiopia, Eyob Tekalign, presented Ethiopia’s major financial sector overhaul during a Capacity Development Talk on the sidelines of the 2026 IMF/World Bank Spring Meetings.
He outlined the country’s shift toward an interest rate-based monetary policy framework and a market-determined exchange rate as part of the Homegrown Economic Reform Agenda. Eyob also highlighted a broad regulatory transformation, including a new central bank proclamation and modernized banking laws.
The governor stressed that Ethiopia’s reforms emphasize national ownership, with technical assistance tailored to the country’s development priorities rather than external mandates.
Eyob identified deepening domestic financial markets and opening the sector to foreign investment as key next steps. He said lasting progress requires strong institutions, consistent policies, and a financial system ready to support private sector growth.
