In the meeting was chaired by Ethiopian Finance Minister Ahmed Shide and Canadian Secretary of State for International Development Randeep Sarai, the African leader expressed gratitude for the long-standing partnership between the two countries.

He provided an overview of the country’s current macroeconomic landscape, highlighting the bold and transformative reforms implemented since Addis Ababa entered into a program with the International Monetary Fund (IMF) in July 2024.

He mentioned the strategies, including fiscal, monetary, exchange rate, and financial sector policies, undertaken over the last year.

These measures aim to foster high and stable economic growth, reduce inflation to single digits, and establish a globally competitive economic framework.

Among the key milestones, he highlighted the improvement in revenue mobilization, which allowed for increased allocations for both social services and infrastructure investments.

Referring to the modernization of monetary policy, the Ethiopian minister explained the introduction of new policy instruments to improve liquidity management and price stability.

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