Abebe Aemro Selassie to retire as IMF director of African department May 1

Kristalina Georgieva, managing director of the International Monetary Fund (IMF), on Wednesday announced that Abebe Aemro Selassie intends to retire as Director of the African Department (AFR) on May 1, 2026.

“As Director of AFR since 2016, Abe has guided the department through a period of profound change and challenge,” said Georgieva. “He oversaw the Fund’s engagement with 45 countries across sub-Saharan Africa responding to surging program demand while adapting to the region’s evolving needs during a historically challenging time, from the COVID-19 pandemic and ensuing period of high inflation to major shifts in global trade policies. Under his leadership, AFR helped reinforce the Fund’s role as a trusted partner to our African members. During his tenure, the Fund also added a 25th chair to its Executive Board, increasing the voice of sub-Saharan Africa.

“Abe championed tailored policy advice and capacity development for sub-Saharan Africa, deepened engagement in key countries, and helped roll out additional resources to support fragile and conflict-affected states. He also modernized AFR’s operations, strengthened collaboration across departments on critical issues such as debt resolution, PRGT financing, and resilience to shocks, and helped steer the evolving capacity development delivery to the region. His strategic vision and gift for diplomacy have left an enduring mark on the Fund.

“I am deeply grateful for Abe’s visionary leadership, dedication to the Fund’s mission, and unwavering commitment to the members in the region,” said Georgieva. “The legacy he leaves on the Fund’s work in Africa is one of alignment with the aspirations of people, especially the youth, for good governance, strong economies and lasting prosperity. His trusted advice has been invaluable to me personally, and his leadership has strengthened our mission.

“A national of Ethiopia, Selassie first joined the IMF in 1994. Over his remarkable 32-year career, he held senior positions including Deputy Director in AFR, Mission Chief for Portugal and South Africa, Division Chief of the Regional Studies Division, and Senior Resident Representative in Uganda. Earlier, he contributed to programs in Turkey, Thailand, Romania, and Estonia, and worked on policy, operational review, and economic research.

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks.

She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.

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