After two years, Ethiopia’s Mamo Mihretu quits Central Bank post to chase “other passions”
- Mamo Mihretu has stepped down as governor of the National Bank of Ethiopia after two years in office.
- He was appointed by Prime Minister Abiy Ahmed in January 2023.
- Under his leadership, the bank floated the birr and adopted an interest-rate policy.
Mamo Mihretu's resignation marks a pivotal moment for the National Bank of Ethiopia, reflecting both the achievements and ongoing challenges within the country's economic landscape. His reforms have laid a foundation for future growth, but the new leadership will need to navigate the complexities of currency stabilization and rising living costs effectively.
