Eritrean News Agency (ERINA)

(Tel: ++291-1-117627, Fax: 127385)
ERINA Update

Tuesday, November 3, 1998

1. A two day Partners Conference, held here in Asmara from November 2-3, discussing the national economic policy framework and programs for the years 1999-2001 is scheduled to conclude today. The conference, held in Asmara for the first time, reviewed the experience and performance of the Eritrean economy over the past seven years and examined medium term investment for the future and development plans for the next three years. Participants in the conference included several international organizations, notably the World Bank, the International Monetary Fund, the European Union, the African Development Bank, the IFC, and the bilateral development partnership for North America, Europe and Asia. Participating nations included Italy, Germany, Denmark, Norway, Sweden, France, Canada, Japan and the US.

Eritrean economic advisor Dr. Woldai Futur said of the conference, "This was not a pledging conference but rather a forum for the free flow of ideas between Eritrea and its development partners. The government had circulated, well in advance, the National Economic Policy Framework and Program for 1999-2001. This document basically articulates the policy and economic management strategy design to achieve rapid growth of the Eritrean economy. The discussion between the Eritrean government and its development partners was extensive, frank and open. The document used for organizing the meeting was well received as realistic and appropriate for guiding the Eritrean economy and for mobilizing both internal and external resources for the implementation of the medium term program."

Veronica Rentmeesters, Information Officer
Embassy of Eritrea to the US
1708 New Hampshire Ave NW, Washington DC 20009, USA
TEL: 202 588 7587 FAX: 202 319 1304
E-M: veronica@embassyeritrea.org

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