Eritrea: Recent Economic Developments

International Monetary Fund

No 1995/004, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes economic developments in Eritrea during 1990–95. In 1993, despite strong growth in the industry and distribution sectors, real GDP growth was adversely affected by a substantial decline in agricultural output, owing to poor rain distribution, pest problems, and drought in some regions. The growth in industry reflected increased availability of raw materials and spare parts, and construction activity related to the rebuilding of war-damaged roads, buildings, and housing. The distribution sector benefited from the growth in the industrial sector as well as a substantial increase in imports.

Keywords: ISCR; CR; government; rehabilitation effort; vault cash; government decision; fiscal policy stance; trading partner; Derg regime; government assistance; fledgling government; government operation; Ethiopian government; Eritrean government; government decentralization; Commercial banks; Public enterprises; Currencies; Imports; East Africa; Europe; Africa (search for similar items in EconPapers)
Pages: 88
Date: 1995-01-23
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=483 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1995/004

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().