H.E. Dr. Eyob Tekalign (PhD), Governor of the National Bank of Ethiopia, emphasized the critical role of reliable and timely data in strengthening Ethiopia’s transition toward a modern interest-rate-based monetary policy framework during a panel discussion on Strengthening National Sovereignty and Policy Coherence as part of the National Summit on Statistical Sovereignty and Integrated Information.
The Governor noted that “modern monetary policy is built on data,” highlighting that credible and coordinated data systems are essential for effective policy formulation, inflation management, and maintaining macroeconomic stability. He outlined the National Bank of Ethiopia’s ongoing efforts to modernize financial and macroeconomic data systems, including the Foreign Exchange Monitoring System (FEMoUS), the BSA reporting platform, and the planned Macroeconomic Database Management System.
The Governor further stressed that stronger national statistical systems and administrative data modernization will enhance financial sector transparency, improve foreign exchange monitoring, strengthen supervision, and support evidence-based policymaking. According to the Governor, building “statistical sovereignty” is ultimately about strengthening confidence in institutions, policy decisions, and Ethiopia’s broader economic reform agenda.
