In Parts one and two, we made brief reviews of Eritrea’s development policy, and socio-economic progress in the span of the past twenty five years. In the following part, we will summarize the challenges that Eritrea encounters, and the outlook for the mid to long-term. Continue reading Eritrea’s Development Policy, Achievements of the Last 25 Years, Challenges and Prospects (III)
PART 2: Reconstruction, Temporary Derailment, Renewed Commitment and Progress
In Part 1, Eritrea’s policy foundations and evolution of policy formulation were summarized. In the following part, progress toward sustainable development is presented.
1993-1998: Peacetime Growth with Macroeconomic Stability
Immediately following independence in 1993, the formidable tasks of reconstruction, rehabilitation and the building of foundations for sustainable socio-economic development commenced in earnest. Among the most important were the establishment of public institutions and civil service, the creation of a legal and administrative environment that is conducive to sustainable development, and building capacity in a down-sized and lean public sector. Continue reading Eritrea’s Development Policy, Achievements of the Last 25 Years, Challenges and Prospects (II)
Part 1 : Development Policy Formulation
Eritrea’s 25th Independence Anniversary is an opportune event to undertake a sober reflection of the country’s development policy, progress to date, and prospects. The following is a capsulated review of Eritrea’s socio-economic development policy, progress, and a brief outlook of the near future.
At liberation in 1991, the Eritrean economy was in a sorry state. Indeed, an estimated 70% of the population was poor. Abject poverty and deprivation were even greater in rural communities where the majority of citizens lived. Streets and artery roads were destroyed by war machinery, the once vibrant manufacturing sector was in disrepair, and plant machinery had been cannibalized for scrap metal. Continue reading Eritrea’s Development Policy, Achievements of the Last 25 Years, Challenges and Prospects