Addis Ababa, January 24, 2025—The second day of the International Conference on the Flotation of the Ethiopian Birr and Its Economic Implications commenced with a vibrant panel discussion on Currency Floatation and Mitigation: Perspectives from Scholars and Regional AU Agencies. The session brought together renowned economists and policymakers from across Africa to provide insights into the challenges and opportunities surrounding currency floatation.
Moderated by Ambassador Brook Debebe, a veteran economist and diplomat, the panel featured:
- Prof. Harold Ngalawa, University of KwaZulu-Natal, South Africa
- Prof. Ferdinand Ahiakpor, University of Cape Coast, Ghana
- Prof. Saibu Olufemi Muibi, University of Lagos, Nigeria
- Million Habte, AfCFTA Secretariat
The session explored the broader implications of currency floatation, delving into topics such as mitigating economic risks, fostering trade competitiveness, and building institutional resilience. Panelists shared regional experiences and highlighted the critical role of African Union (AU) agencies and the AfCFTA in supporting member states undergoing economic reforms.
Moderator Ambassador Brook Debebe emphasized the need for collaboration among African nations, noting that currency floatation requires careful preparation, sound fiscal policies, and robust institutional frameworks.
The discussion also touched on the importance of integrating regional trade policies to maximize the benefits of currency floatation while addressing potential inflationary and financial risks.
Rapporteurs Taye Demissie and Selamawit G/Egziabher captured the key insights and recommendations from the session.
As the conference continues through, it remains a crucial platform for dialogue on Ethiopia’s bold economic reforms. Scholars, policymakers, and practitioners will continue to deliberate on evidence-based solutions and strategies for a smooth transition to a floating exchange rate.
Stay tuned for more updates from this impactful event.
