African Economic Outlook 2014: Eritrea’s Monetary and Debt Policy

By IAfrica
In Eritrea
Jul 22nd, 2014
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By 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 […]

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