IMF Staff Country Reports

Eritrea: Recent Economic Developments

January 23, 1995

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Format: Chicago

International Monetary Fund. "Eritrea: Recent Economic Developments", IMF Staff Country Reports 1995, 004 (1995), accessed November 22, 2024, https://doi.org/10.5089/9781451811919.002

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Summary

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.

Subject: Commercial banks, Currencies, Economic sectors, Financial institutions, Foreign exchange, Imports, International trade, Money, Public enterprises

Keywords: Africa, Commercial banks, CR, Currencies, Derg regime, East Africa, Eritrean government, Ethiopian government, Europe, Fiscal policy stance, Fledgling government, Government, Government assistance, Government decentralization, Government decision, Government operation, Imports, ISCR, Public enterprises, Rehabilitation effort, Trading partner, Vault cash

Publication Details

Notes

This report on recent economic developments in Eritrea was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

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