Ethiopia is set to access about 261 million US dollars from the International Monetary Fund after reaching a staff-level agreement on the fourth review of its economic programme under the Extended Credit Facility.

An IMF mission led by Alvaro Piris held discussions in Addis Ababa from October 30 to November 13, 2025, followed by virtual and in-person meetings from December 3 to 5. The ECF arrangement, approved in July 2024 with a commitment of 2.556 billion Special Drawing Rights, has so far provided about 2.134 billion US dollars to Ethiopia. The latest disbursement will require approval from IMF management and the Executive Board.

In a statement, Piris said available indicators show Ethiopia’s economic activity has strengthened since mid-2024. Higher gold production, improved electricity generation, and strong agricultural output contributed to rising growth. Goods exports have more than doubled in value, inflation has eased, and government revenue has increased.

The IMF noted that authorities are continuing reforms aimed at improving the foreign exchange market, modernising monetary policy, boosting fiscal revenue, and strengthening financial regulation. It said sustaining these efforts will be essential for macroeconomic stability, growth, and poverty reduction. The fund highlighted the importance of a tight monetary stance to support price stability, further work to improve efficiency in the foreign exchange market, and prudent expenditure management to reinforce fiscal sustainability. Improving the business environment will be important to attract private investment.

Progress has also been made on debt treatment discussions. Ethiopia and the Official Creditor Committee under the G20 Common Framework reached a memorandum of understanding on key terms in July 2025. The next step involves concluding bilateral agreements with official creditors.