National Bank of Ethiopia Governor Dr. Eyob Tekalgn said the country's economic reforms align with development partners and were carried out using domestic capacity and technical support. He made these remarks on a capacity-building panel at the World Bank and IMF 2026 Spring Meetings in Washington DC.
Dr. Eyob Tekalgn, governor of the National Bank of Ethiopia, highlighted reforms enacted under the new central bank proclamation during his remarks. These include adjustments to the lending rate, monetary policy framework, commercial bank minimum rate, and the overall financial supervision system.
The governor noted that the reforms aim to strengthen the domestic financial market and open the finance sector to foreign investment. He emphasized that they align with priorities set by Ethiopia's development partners and were achieved through the country's own capacity supplemented by technical assistance.
Sustaining these reforms requires reliable institutional capacity, consistent economic policy, and a financial system capable of supporting a private sector-led economy, he stated. The comments were shared with Fana Digital, as reported by Fana Media Corporation on April 15, 2026.