President Isaias Afwerki today, 15 August, met and held talks with Japanese delegation led by H.E. Mr. Tetsuro Yano, Special Envoy of Prime Minister Shinzo Abe and President of Association of African Economy and Development (AFRECO) and H.E. Ambassador Yoshifumi Okamura, Ambassador for Tokyo International Conference on African Development (TICAD). Continue reading Japanese Delegation Held talks with President Isaias→
For 2018, sectors that will be accorded highest priority within the broader medium-term development goals will remain education, expansion of irrigation, agro-industries as well as traditional and commercial fishing.
In the second part of the interview with local media on last Saturday, Presidents Isaias Afwerki stated that the country has achieved substantial progress in the sectors of education, health, water supply, food security as well as in certain areas of physical infrastructure.
Bottlenecks in other critical infrastructure and related factors have, however, negatively affected growth in manufacturing, tourism, and fisheries, whose performance remains far below our aspirations and endowments, President Isaias underlined.
According to the recently published Global Economic Prospects, a World Bank Group flagship report, the year 2016 was marked by stagnant global trade, subdued investment, and heightened policy uncertainty. For 2017, a subdued recovery is expected, with receding obstacles to activity in commodity exporters and solid domestic demand in commodity importers. Additionally, weak investment is weighing on medium-term prospects across many emerging markets and developing economies (EMDEs). Although fiscal stimulus in major economies, if implemented, may boost global growth above expectations, risks to growth forecasts remain tilted to the downside. Continue reading Reviewing Eritrea’s Economy – Analysis→
President Isaias Afwerki received and held talks with Ambassador Norio Maruyama, the special envoy of the Japanese Prime Minister Shinzo Abe on enhancing bilateral relations between both nations on the 19th of October 2015.
Asserting that Japan is one of the countries in the world that has recorded great economic and technological advances and that it will be a member state of the UN Security Council in 2016, President Isaias said during the meeting that it is Eritrea’s strong conviction for Japan to play signiﬁcantly in ensuring regional peace as well as development in the African continent. Continue reading President Isaias Holds Talks With Japanese PM Special Envoy→