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Eritrea: Recent Economic Developments
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1995: Issue 004
Language:
English
Publication Date:
23 Jan 1995
DOI:
https://doi.org/10.5089/9781451811919.002
ISBN:
9781451811919
ISSN:
1934-7685
Pages:
88
Keywords:
ISCR; CR; government; rehabilitation effort; vault cash; government decision; fiscal policy stance; trading partner; Derg regime; government assistance; fledgling government; government operation; Ethiopian government; Eritrean government; government decentralization; Commercial banks; Public enterprises; Currencies; Imports; East Africa; Europe; Africa
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund