AfDB Approves Eritrea Interim Country Strategy Paper 2014-2016

The strategic response from the Bank is critical in achieving the socio-economic objectives of the Eritrean government
The strategic response from the Bank is critical in achieving the socio-economic objectives of the Eritrean government

By AfDB,

THE Board of Directors of the African Development Bank Group on Wednesday, October 15 approved the Interim Country Strategy Paper (I-CSP) for Eritrea.

The I-CSP covers the period 2014 – 2016 and aims to assist the Government of Eritrea in addressing its binding development challenges in a coordinated and consultative manner.

The strategy focuses on enhancing skills development and technology, in support of inclusiveness and transition to green growth. In addition, the Bank will support the government to build resilience and capacity to deal with, and adapt to a challenging environment to promote inclusive growth and poverty reduction. 

It will also scale up advisory services through economic and sector work as well as assist in creating capacity and conditions necessary for the finalization and implementation of the National Development Plan (NDP) as well as preparation of a full-fledged Country Strategy Paper.