From Shock to Stability: How Strategic Sequencing Can Lock In the Long-Term Gains of Ethiopia’s Macroeconomic Reforms

Source: The Reporter Ethiopia · 2026-10-26T13:20:39.000Z · Finance

Across developing and emerging economies, currency devaluation is frequently deployed as a core structural adjustment mechanism during balance-of-payments crises. Proponents of currency floatation, including multilateral institutions such as the International Monetary Fund and the World Bank, contend that adjusting an overvalued official exchange rate serves as an indispensable step toward restoring macroeconomic stability and encouraging […]

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