Eritrea: Recent Economic Developments

International Monetary Fund

No 1996/066, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes economic developments and reforms in Eritrea during the 1990s. The paper highlights that the government’s main economic objectives were to promote high and sustainable economic growth and thereby increase per capita income, create employment opportunities, and attain a sustainable external position over the medium term. The paper discusses the developments in domestic production, prices, and the structural reforms undertaken in Eritrea. Developments in public sector finances are covered, and monetary developments and financial sector reform efforts are also summarized.

Keywords: ISCR; CR; government; enterprise; The Government; government stance; growth strategy; balance of payments; monetary policy; foreign exchange; exchange rate; private sector; expenditure priority; banking system; price control; state farm; government institution; broad money; Imports; Exports; Credit; Commercial banks; Europe; Sub-Saharan Africa; Africa (search for similar items in EconPapers)
Pages: 76
Date: 1996-08-26
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1996/066

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