IMF Staff Country Reports

Eritrea: Recent Economic Developments

August 26, 1996

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International Monetary Fund. "Eritrea: Recent Economic Developments", IMF Staff Country Reports 1996, 066 (1996), accessed November 29, 2024, https://0-doi-org.library.svsu.edu/10.5089/9781451811926.002

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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.

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

Keywords: Africa, Balance of payments, Banking system, Broad money, Commercial banks, CR, Credit, Enterprise, Europe, Exchange rate, Expenditure priority, Exports, Foreign exchange, Government, Government institution, Government stance, Growth strategy, Imports, ISCR, Monetary policy, Price control, Private sector, State farm, Sub-Saharan Africa, The Government

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