Piris and his team visited Addis Abeba from 25 September to 03 October, 2023, engaging in crucial talks focused on Ethiopia’s request for IMF assistance with its reform program. These measures include significant fiscal and monetary tightening, which have laid a strong foundation for the success of the domestically-led economic reform agenda. Since 2019, the Ethiopian government has been implementing the first phase of its homegrown economic reform program, aimed at addressing macroeconomic imbalances and establishing a solid basis for long-lasting and inclusive economic growth. The discussions primarily focused on how the IMF can provide support for Ethiopia’s homegrown economic reform program. In June 2023, while addressing members of parliament, Prime Minister Abiy Ahmed outlined his administration’s plans to proceed with the second phase of the homegrown economic reform program.
