Eritrea 2003 Article IV Consultation Staff Report: 2003 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Eritrea

Author: International Monetary Fund

Volume/Issue: Volume 2003 Issue 165

Publication date: July 2003

ISBN: 9781451811964

$20.00

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Topics covered in this book

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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , government , deficit , poverty reduction program , Eritrean authorities , financing , track record of policy implementation , authorities' effort , food inflation , Government debt management , Poverty reduction strategy , Africa

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Summary

The Eritrean economy continues to be adversely affected by the effects of the border conflict with Ethiopia. In other structural reform areas, the government seems to have further increased state control over the economy. The authorities confirmed their commitment to strengthen the role of the private sector, but they believed that the sector was not yet ready to take the lead in a number of critical areas. The preparation of a medium-term macroeconomic outlook was beset by a number of difficulties, including, in particular, the lack of timely and reliable data.