Washington, DC: The Executive Board of the International Monetary Fund (IMF) today completed the fourth review of the 48-month Extended Credit Facility (ECF) for Ethiopia. Revenue mobilization has been strong, and recent tax policy reforms bode well for broadening the tax base and raising revenue potential. The financing assurances received and adjustment efforts made are consistent with IMF policy requirements and program parameters. Interbank market and repo market development will support monetary policy transmission. Tax and customs administration reforms will be key to broadening the tax base to maximize tax policy reform gains and foster a more stable taxation environment.

Source: Ethiopian News January 17, 2026 11:51 UTC