The National Bank of Ethiopia (NBE) has decided to maintain its tight monetary policy stance while introducing additional measures aimed at managing liquidity and supporting price stability.
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Global Bank Ethiopia announced that its paid-up capital has reached Birr 5 billion during the 2024/25 fiscal year. The Bank noted that its paid-up capital in the 2023/24 fiscal year was Birr 2.4 billion, reflecting a growth of more than 100 percent within one year.
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The National Bank of Ethiopia (NBE) has started reviewing possible frameworks for a Central Bank Digital Currency (CBDC) as part of its broader consideration of future digital payment systems.
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Ethiopia has reached a preliminary agreement with the International Monetary Fund (IMF) to secure a USD 261 million loan. The financing forms part of a four year, USD 3.4 billion extended loan program that the IMF plans to make available to the country.
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Ethiopia has launched the National Digital Payment Strategy 2026 to 2030 together with a new Instant Payment System, marking another step in the country’s ongoing digital finance reforms. The launch took place during the second Ethiopia Digital Payment Conference held in Addis Ababa.
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