IMF Staff Country Reports

Eritrea: Recent Economic Developments

Publication Date:

August 26, 1996

Electronic Access:

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Summary:

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.

Series:

Country Report No. 1996/066

Subject:

Banking Commercial banks Credit Exports Financial institutions Foreign exchange Imports International trade Money