Tag Archives: AfDB Outlook

Eritrea Economic Outlook 2020 Amid COVID-19

Recapitalizing and enhancing the capacity of the Eritrean Investment and Development Bank will be critical.

Eritrea’s economic performance and outlook amid the COVID-19 pandemic found to be weak after revisions of the growth projections and outlook for 2020 and 2021 were done.

BY EDIRISA NSEERA | THE AFRICAN DEVELOPMENT BANK

Eritrea reported its first case of COVID–19 on 21 March 2020, and total cumulative cases stood at 39 by 7 May, with 30 recoveries and no deaths. To contain the spread of the pandemic, the government imposed a national lock-down starting on 2 April. All citizens are required to stay at home except those engaged in indispensable security and development tasks. Continue reading Eritrea Economic Outlook 2020 Amid COVID-19