Abiy Ahmed, who took office in April, has pledged to open up the state-dominated economy and has taken steps to end decades of hostility with neighbouring Eritrea - moves that could reshape the country and the broader Horn of Africa region.
He said on Saturday at his first news conference that the World Bank would provide $1billion (R14.3bn) in budget support in the next few months, explaining that “this is due to the reforms taking place in the country”.
Since winning office, Abiy has loosened the grip of a state that had ruled with an iron fist. He has ordered the release of political prisoners and decried abuses by security forces as state terrorism.
“My dream and ambition is for democratic elections to be held,” the 42-year-old prime minister said.