July 22, 2016

ERITREA’S DEVELOPMENT POLICY, ACHIEVEMENTS OF THE LAST 25 YEARS, CHALLENGES AND PROSPECTS

Economic Advisor, Ministry of National Development

Economic Advisor, Ministry of National Development

DEVELOPMENT POLICY FORMULATION

Eritrea’s 25thIndependence Anniversary is an opportune event to undertake a sober reflection of the country’s development policy, progress to date, and prospects. The following is a capsulated review of Eritrea’s socio-economic development policy, progress, and a brief outlook of the near future.

At liberation in 1991, the Eritrean economy was in a sorry state. Indeed, an estimated seventy per cent of the population was poor. Abject poverty and deprivation were even greater in rural communities where the majority of citizens lived. Streets and artery roads were destroyed by war machinery, the once vibrant manufacturing sector was in disrepair, and plant machinery had been cannibalized for scrap metal. Furthermore, basic public services such as transportation, healthcare, education and sanitation were almost non-existent.

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