Ethiopia: Ethiopia Reaffirms Reform Momentum, Brics Commitment At Finance Leaders' Meeting

What the report says

Ethiopia said it remains committed to continuing economic reforms and to playing a constructive role in BRICS financial cooperation after taking part in the Second BRICS Finance Ministers and Central Bank Governors meeting in Mumbai, India. The Ethiopian News Agency reported that the country’s delegation was led by National Bank of Ethiopia Governor Eyob Tekalign.

At the meeting, Eyob outlined Ethiopia’s ongoing reforms in fiscal, monetary, financial and foreign exchange policy. He said these measures are intended to improve macroeconomic stability and make the economy more resilient to external shocks. The comments came as BRICS officials discussed challenges facing emerging and developing economies in a volatile global environment.

According to the report, Eyob also welcomed work on amendments to the Contingent Reserve Arrangement Treaty, which BRICS uses as part of its financial safety net. He urged that any expansion of the arrangement take into account the different development levels and needs of participating countries.

The article frames Ethiopia’s participation as part of its wider effort to deepen engagement in multilateral economic forums while pursuing reforms aimed at greater stability and broader integration into the global economy. It did not provide additional details on specific policy outcomes from the Mumbai meeting.