Finance Minister Ahmed Shide said international financial institutions must improve their practices to help countries prevent crises. He made the remarks at an ongoing global partnership forum in London.
Ahmed Shide stated that countries need a financial system capable of preventing crises in advance and delivering lasting solutions. He highlighted global challenges including climate change, geopolitical divisions, debt pressures, and supply chain disruptions.
These issues particularly affect developing nations, he noted. The minister emphasized that countries require sufficient freedom in their economic policies to ensure benefits for their citizens and sustain growth.
Ethiopia is pursuing homegrown reforms such as macroeconomic stabilization, digital transformation, and expansion of renewable energy, he said. International humanitarian support must respect national sovereignty and align with country plans, he added.