Eritrea: Selected Issues

International Monetary Fund

No 1998/091, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper describes economic developments in Eritrea during the 1990s. The paper highlights that since the early 1990s, the Eritrean economy has recovered considerably, thanks to the rebuilding of the infrastructure and the improved availability of essential imports following major trade reforms in 1994. During 1993–96, real GDP growth averaged about 4 percent annually, ahead of the estimated population growth rate of about 3 percent. However, annual growth was erratic over the period mainly because of the drought conditions in 1993 and 1995, whereas the weather was exceptionally favorable in 1994.

Keywords: ISCR; CR; enterprise; government; excess reserves; loss-making enterprise; interest rate; financial system; monetary policy; central bank; money stock; government expenditure; Privatization; Commercial banks; Credit; Treasury bills and bonds; Public enterprises; Africa; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 86
Date: 1998-10-05
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1998/091

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