Recapitalizing and enhancing the capacity of the Eritrean Investment and Development Bank will be critical. BY EDIRISA NSEERA | THE AFRICAN DEVELOPMENT BANK Eritrea reported its first case of COVID–19 on 21 March 2020, and total cumulative cases stood at 39 by 7 May, with 30 recoveries and no deaths. To contain the spread of […]
Continue ReadingBy Magidu Nyende and Luka Okumu, ERITREA’S monetary policy has mainly been geared to accommodating the public fiscal deficits. Broad money supply increased sharply to 119% of GDP in 2011 and 2012. Due to exceptionally high deficits in the previous years, the authorities had to resort to central-bank financing. Credit supply to the private sector […]
Continue ReadingBy Magidu Nyende and Luka Okumu, EVIDENCE-based assessment of fiscal policy in Eritrea is severely constrained by lack of transparency and availability of basic information on fiscal operations and management, including, of course, the budget. Estimates by various sources, including the IMF, however, indicate a continued improvement in the overall fiscal deficit (after grants) from […]
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