Eritrea: Selected Issues

October 5, 1998

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Eritrea: Selected Issues, (USA: International Monetary Fund, 1998) accessed December 26, 2024

Summary

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.

Subject: Banking, Commercial banks, Credit, Economic sectors, Financial institutions, Money, Privatization, Public enterprises, Treasury bills and bonds

Keywords: Africa, Central bank, Commercial banks, CR, Credit, Enterprise, Excess reserves, Financial system, Government, Government expenditure, Interest rate, ISCR, Loss-making enterprise, Monetary policy, Money stock, Privatization, Public enterprises, Sub-Saharan Africa, Treasury bills and bonds

Publication Details

Pages:

86
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1998/091
Stock No:

1ERIEA0011998
ISBN:

9781451811940
ISSN:

1934-7685

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