Eritrea

Eritrea Economic Outlook

  • Growth is projected at 0.3% in 2015, from 1.7% in 2014 and 1.3% in 2013, reflecting challenges in the business and investment environment, and a poor global economic environment.
  • The government’s commitment to strengthening public financial management and natural-resource management through the African Development Bank’s technical assistance has helped to create favourable medium-term prospects.
  • Eritrea has been promoting urbanisation but this is limited by financial capacity and a shortage of urban housing.

Contacts

East Africa Regional Resource Center (EARC)

African Development Bank Group
Khushee Tower
Longonot  Road, Upper Hill
Nairobi, Kenya

Phone: (254) 20 2712925/ (254) 20 2712926/ (254) 20 2712928
Fax: (254) 20 2712938

Mr. Gabriel Negatu, RRC Director