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

By IAfrica
In Eritrea
Jul 22nd, 2014

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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